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: November 30, 2022
Date of reporting period: May 31, 2022
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 Robotics & Artificial Intelligence ETF (ticker: BOTZ) |
Global X Internet of Things ETF (ticker: SNSR) |
Global X FinTech ETF (ticker: FINX) |
Global X Video Games & Esports ETF (ticker: HERO) |
Global X Autonomous & Electric Vehicles ETF (ticker: DRIV) |
Global X Cloud Computing ETF (ticker: CLOU) |
Global X Data Center REITs & Digital Infrastructure ETF (ticker: VPN) |
Global X Cybersecurity ETF (ticker: BUG) |
Global X Artificial Intelligence & Technology ETF (ticker: AIQ) |
Global X Metaverse ETF (ticker: VR) |
Global X Millennial Consumer ETF (ticker: MILN) |
Global X Education ETF (ticker: EDUT) |
Global X Cannabis ETF (ticker: POTX) |
Global X Genomics & Biotechnology ETF (ticker: GNOM) |
Global X China Biotech Innovation ETF (ticker: CHB) |
Global X Telemedicine & Digital Health ETF (ticker: EDOC) |
Global X Aging Population ETF (ticker: AGNG) |
Global X Health & Wellness ETF (ticker: BFIT) |
Global X CleanTech ETF (ticker: CTEC) |
Global X U.S. Infrastructure Development ETF (ticker: PAVE) |
Global X Thematic Growth ETF (ticker: GXTG) |
Global X AgTech & Food Innovation ETF (ticker: KROP) |
Global X Blockchain ETF (ticker: BKCH) |
Global X Clean Water ETF (ticker: AQWA) |
Global X Hydrogen ETF (ticker: HYDR) |
Global X Solar ETF (ticker: RAYS) |
Global X Wind Energy ETF (ticker: WNDY) |
Global X Green Building ETF (ticker: GRNR) |
Semi - Annual Report
May 31, 2022
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 Robotics & Artificial Intelligence ETF | 1 |
Global X Internet of Things ETF | 5 |
Global X FinTech ETF | 10 |
Global X Video Games & Esports ETF | 16 |
Global X Autonomous & Electric Vehicles ETF | 21 |
Global X Cloud Computing ETF | 28 |
Global X Data Center REITs & Digital Infrastructure ETF | 31 |
Global X Cybersecurity ETF | 34 |
Global X Artificial Intelligence & Technology ETF | 36 |
Global X Metaverse ETF | 43 |
Global X Millennial Consumer ETF | 46 |
Global X Education ETF | 51 |
Global X Cannabis ETF | 54 |
Global X Genomics & Biotechnology ETF | 58 |
Global X China Biotech Innovation ETF | 62 |
Global X Telemedicine & Digital Health ETF | 64 |
Global X Aging Population ETF | 68 |
Global X Health & Wellness ETF | 74 |
Global X CleanTech ETF | 79 |
Global X U.S. Infrastructure Development ETF | 83 |
Global X Thematic Growth ETF | 88 |
Global X AgTech & Food Innovation ETF | 91 |
Global X Blockchain ETF | 95 |
Global X Clean Water ETF | 99 |
Global X Hydrogen ETF | 103 |
Global X Solar ETF | 106 |
Global X Wind Energy ETF | 110 |
Global X Green Building ETF | 114 |
Statements of Assets and Liabilities | 120 |
Statements of Operations | 127 |
Statements of Changes in Net Assets | 134 |
Financial Highlights | 148 |
Notes to Financial Statements | 162 |
Disclosure of Fund Expenses | 193 |
Approval of Investment Advisory Agreement | 197 |
Liquidity Risk Management Program | 202 |
Supplemental Information | 203 |
Table of Contents |
Shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Shares may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Brokerage commissions will reduce returns.
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 http://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 http://www.sec.gov
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Robotics & Artificial Intelligence ETF |
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
CANADA — 2.1% | ||||||||
Industrials — 2.1% | ||||||||
ATS Automation Tooling Systems * | 1,123,673 | $ | 32,985,713 | |||||
FINLAND — 1.6% | ||||||||
Industrials — 1.6% | ||||||||
Cargotec, Cl B | 670,173 | 24,753,950 | ||||||
ISRAEL — 1.5% | ||||||||
Consumer Discretionary — 1.5% | ||||||||
Maytronics | 1,350,874 | 24,198,452 | ||||||
JAPAN — 36.3% | ||||||||
Communication Services — 0.2% | ||||||||
RPA Holdings * (A) | 1,013,810 | 3,238,959 | ||||||
Health Care — 0.2% | ||||||||
CYBERDYNE * (A) | 1,616,910 | 3,883,751 | ||||||
Industrials — 22.2% | ||||||||
Daifuku | 1,080,713 | 68,213,996 | ||||||
FANUC | 706,507 | 115,906,800 | ||||||
Hirata | 128,667 | 4,285,733 |
1
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Robotics & Artificial Intelligence ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Shibaura Machine | 361,684 | $ | 9,207,627 | |||||
SMC | 163,687 | 84,754,099 | ||||||
Yaskawa Electric | 1,999,701 | 69,716,343 | ||||||
352,084,598 | ||||||||
Information Technology — 13.7% | ||||||||
ACSL * (A) | 293,630 | 4,307,045 | ||||||
AI inside * (A) | 49,725 | 1,571,239 | ||||||
Keyence | 329,990 | 132,334,596 | ||||||
Neural Pocket * (A) | 180,270 | 1,827,293 | ||||||
Omron | 1,219,331 | 70,385,573 | ||||||
PKSHA Technology * (A) | 370,178 | 6,293,127 | ||||||
216,718,873 | ||||||||
TOTAL JAPAN | 575,926,181 | |||||||
NORWAY — 4.5% | ||||||||
Industrials — 4.5% | ||||||||
AutoStore Holdings * | 29,968,048 | 71,152,875 | ||||||
SOUTH KOREA — 0.4% | ||||||||
Industrials — 0.4% | ||||||||
Rainbow Robotics * | 317,526 | 5,915,757 | ||||||
SWITZERLAND — 12.7% | ||||||||
Health Care — 3.0% | ||||||||
Tecan Group | 147,372 | 47,753,109 | ||||||
Industrials — 9.7% | ||||||||
ABB | 5,010,200 | 153,564,943 | ||||||
TOTAL SWITZERLAND | 201,318,052 | |||||||
UNITED KINGDOM — 2.9% | ||||||||
Information Technology — 2.9% | ||||||||
Renishaw | 889,370 | 45,552,387 | ||||||
2
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Robotics & Artificial Intelligence ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
UNITED STATES — 37.9% | ||||||||
Consumer Discretionary — 1.0% | ||||||||
iRobot * | 341,502 | $ | 16,252,080 | |||||
Energy — 0.5% | ||||||||
Helix Energy Solutions Group * | 1,808,130 | 8,389,723 | ||||||
Financials — 2.5% | ||||||||
Upstart Holdings * (A) | 796,187 | 40,127,825 | ||||||
Health Care — 12.6% | ||||||||
Azenta | 914,511 | 70,088,123 | ||||||
Intuitive Surgical * | 564,286 | 128,454,065 | ||||||
198,542,188 | ||||||||
Industrials — 7.8% | ||||||||
AeroVironment * | 301,328 | 27,710,123 | ||||||
AgEagle Aerial Systems * (A) | 1,273,655 | 993,706 | ||||||
Berkshire Grey * (A) | 2,653,022 | 5,942,769 | ||||||
John Bean Technologies | 387,541 | 47,183,117 | ||||||
Maxar Technologies (A) | 887,390 | 26,512,605 | ||||||
TuSimple Holdings, Cl A * (A) | 1,868,854 | 15,343,291 | ||||||
123,685,611 | ||||||||
Information Technology — 13.5% | ||||||||
C3.ai, Cl A * (A) | 1,188,193 | 22,480,611 | ||||||
Cerence * | 460,954 | 14,639,899 | ||||||
FARO Technologies * | 219,501 | 7,072,322 | ||||||
NVIDIA | 898,583 | 167,783,418 | ||||||
Rekor Systems * (A) | 612,770 | 1,636,096 | ||||||
213,612,346 | ||||||||
TOTAL UNITED STATES | 600,609,773 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $1,868,542,821) | 1,582,413,140 |
3
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Robotics & Artificial Intelligence ETF |
Shares/Face Amount | Value | |||||||
SHORT-TERM INVESTMENT(B)(C) — 1.9% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600% | ||||||||
(Cost $30,127,817) | 30,127,817 | $ | 30,127,817 | |||||
REPURCHASE AGREEMENT(B) — 1.8% | ||||||||
BNP Paribas | ||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $27,987,090 (collateralized by various U.S. Treasury Obligations, ranging in par value $490,274 - $3,297,819, 0.250% - 2.750%, 09/30/2025 - 02/15/2028, with a total market value of $28,337,484) | ||||||||
(Cost $27,986,515) | $ | 27,986,515 | 27,986,515 | |||||
TOTAL INVESTMENTS — 103.6% | ||||||||
(Cost $1,926,657,153) | $ | 1,640,527,472 |
Percentages are based on Net Assets of $1,584,111,509.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $55,632,870. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $58,114,332. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022. |
Cl — Class
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 1,582,413,140 | $ | — | $ | — | $ | 1,582,413,140 | ||||||||
Short-Term Investment | 30,127,817 | — | — | 30,127,817 | ||||||||||||
Repurchase Agreement | — | 27,986,515 | — | 27,986,515 | ||||||||||||
Total Investments in Securities | $ | 1,612,540,957 | $ | 27,986,515 | $ | — | $ | 1,640,527,472 |
Amounts designated as “—“ are $0 or have been rounded to $0.
4
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Internet of Things ETF |
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
AUSTRIA — 3.0% | ||||||||
Information Technology — 3.0% | ||||||||
ams-OSRAM * | 617,865 | $ | 7,567,404 | |||||
Kontron (A) | 149,125 | 2,552,804 | ||||||
TOTAL AUSTRIA | 10,120,208 | |||||||
CANADA — 0.5% | ||||||||
Information Technology — 0.5% | ||||||||
Sierra Wireless * | 82,895 | 1,839,440 | ||||||
CHINA — 2.3% | ||||||||
Information Technology — 2.3% | ||||||||
NXP Semiconductors | 41,132 | 7,805,208 | ||||||
FRANCE — 1.9% | ||||||||
Industrials — 1.9% | ||||||||
Legrand | 76,733 | 6,622,042 | ||||||
ITALY — 0.4% | ||||||||
Information Technology — 0.4% | ||||||||
Datalogic | 131,831 | 1,250,537 | ||||||
5
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Internet of Things ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
JAPAN — 2.4% | ||||||||
Information Technology — 2.4% | ||||||||
Nippon Ceramic | 61,222 | $ | 1,000,339 | |||||
Renesas Electronics * | 596,075 | 7,061,435 | ||||||
TOTAL JAPAN | 8,061,774 | |||||||
NORWAY — 2.5% | ||||||||
Information Technology — 2.5% | ||||||||
Nordic Semiconductor * | 434,562 | 8,507,998 | ||||||
SINGAPORE — 7.8% | ||||||||
Information Technology — 7.8% | ||||||||
STMicroelectronics | 669,306 | 26,693,658 | ||||||
SWEDEN — 0.1% | ||||||||
Information Technology — 0.1% | ||||||||
Fingerprint Cards, Cl B * (A) | 307,900 | 352,474 | ||||||
SWITZERLAND — 3.3% | ||||||||
Industrials — 2.2% | ||||||||
ABB | 239,150 | 7,330,058 | ||||||
Information Technology — 1.1% | ||||||||
Landis+Gyr Group | 65,399 | 3,810,478 | ||||||
TOTAL SWITZERLAND | 11,140,536 | |||||||
TAIWAN — 11.4% | ||||||||
Information Technology — 11.4% | ||||||||
Advantech | 1,750,021 | 21,765,980 | ||||||
eMemory Technology | 172,482 | 9,151,500 | ||||||
MediaTek | 251,080 | 7,828,679 | ||||||
TOTAL TAIWAN | 38,746,159 | |||||||
UNITED KINGDOM — 0.3% | ||||||||
Information Technology — 0.3% | ||||||||
Spirent Communications | 352,358 | 1,030,261 |
6
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Internet of Things ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
UNITED STATES — 64.0% | ||||||||
Communication Services — 0.2% | ||||||||
Globalstar * (A) | 645,662 | $ | 903,927 | |||||
Consumer Discretionary — 9.9% | ||||||||
ADT | 1,734,163 | 12,971,539 | ||||||
Garmin | 170,858 | 18,046,022 | ||||||
Vivint Smart Home * | 471,568 | 2,810,545 | ||||||
33,828,106 | ||||||||
Health Care — 5.0% | ||||||||
Dexcom * | 56,897 | 16,951,892 | ||||||
Industrials — 15.5% | ||||||||
Emerson Electric | 85,311 | 7,563,673 | ||||||
Honeywell International | 37,692 | 7,297,925 | ||||||
Johnson Controls International | 121,318 | 6,613,044 | ||||||
Resideo Technologies * | 44,197 | 1,043,933 | ||||||
Rockwell Automation | 28,309 | 6,035,479 | ||||||
Schneider Electric (A) | 50,314 | 6,955,103 | ||||||
Sensata Technologies Holding | 358,159 | 17,202,377 | ||||||
52,711,534 | ||||||||
Information Technology — 33.4% | ||||||||
Alarm.com Holdings * | 112,807 | 7,132,787 | ||||||
Ambarella * | 81,612 | 6,954,975 | ||||||
Analog Devices | 49,391 | 8,317,444 | ||||||
Badger Meter | 65,899 | 5,215,247 | ||||||
Belden | 101,144 | 5,823,872 | ||||||
Cisco Systems | 151,999 | 6,847,555 | ||||||
Digi International * | 76,476 | 1,690,120 | ||||||
Impinj * | 53,773 | 2,517,114 | ||||||
InterDigital | 69,587 | 4,543,335 | ||||||
International Business Machines | 55,237 | 7,669,105 | ||||||
Itron * | 102,378 | 5,283,729 | ||||||
Latch * (A) | 310,201 | 682,442 |
7
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Internet of Things ETF |
Shares/Face Amount | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
NETGEAR * | 70,397 | $ | 1,341,063 | |||||
PTC * | 36,092 | 4,205,801 | ||||||
QUALCOMM | 59,856 | 8,572,576 | ||||||
Rambus * | 254,162 | 6,379,466 | ||||||
Silicon Laboratories * | 101,378 | 15,121,542 | ||||||
Skyworks Solutions | 141,604 | 15,416,427 | ||||||
113,714,600 | ||||||||
TOTAL UNITED STATES | 218,110,059 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $329,185,344) | 340,280,354 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 0.7% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600% | ||||||||
(Cost $2,320,408) | 2,320,408 | 2,320,408 | ||||||
REPURCHASE AGREEMENT(B) — 0.6% | ||||||||
BNP Paribas | ||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $2,155,532 (collateralized by various U.S. Treasury Obligations, ranging in par value $37,760 - $253,994, 0.250% - 2.750%, 09/30/2025 - 02/15/2028, with a total market value of $2,182,517) | ||||||||
(Cost $2,155,488) | $ | 2,155,488 | 2,155,488 | |||||
TOTAL INVESTMENTS — 101.2% | ||||||||
(Cost $333,661,240) | $ | 344,756,250 |
Percentages are based on Net Assets of $340,632,359.
* | Non-income producing security. |
8
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Internet of Things ETF |
(A) | This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $3,413,459. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $4,475,896. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022. |
Cl — Class
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 340,280,354 | $ | — | $ | — | $ | 340,280,354 | ||||||||
Short-Term Investment | 2,320,408 | — | — | 2,320,408 | ||||||||||||
Repurchase Agreement | — | 2,155,488 | — | 2,155,488 | ||||||||||||
Total Investments in Securities | $ | 342,600,762 | $ | 2,155,488 | $ | — | $ | 344,756,250 |
Amounts designated as “—“ are $0 or have been rounded to $0.
9
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X FinTech ETF |
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
AUSTRALIA — 1.1% | ||||||||
Financials — 0.6% | ||||||||
HUB24 | 166,183 | $ | 2,892,068 | |||||
Zip * (A) | 1,344,960 | 882,798 | ||||||
3,774,866 | ||||||||
Information Technology — 0.5% | ||||||||
IRESS | 470,986 | 3,537,412 | ||||||
TOTAL AUSTRALIA | 7,312,278 | |||||||
BRAZIL — 2.0% | ||||||||
Information Technology — 2.0% | ||||||||
Pagseguro Digital, Cl A * | 489,485 | 7,518,490 | ||||||
StoneCo, Cl A * | 642,079 | 6,446,473 | ||||||
TOTAL BRAZIL | 13,964,963 | |||||||
CANADA — 1.8% | ||||||||
Information Technology — 1.8% | ||||||||
Bitfarms * (A) | 805,276 | 1,617,109 | ||||||
Hive Blockchain Technologies * (A) | 288,243 | 1,260,216 | ||||||
Hut 8 Mining * (A) | 928,745 | 2,401,072 | ||||||
Nuvei * | 135,787 | 6,953,334 | ||||||
TOTAL CANADA | 12,231,731 |
10
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X FinTech ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
CHINA — 4.7% | ||||||||
Financials — 3.7% | ||||||||
Lufax Holding ADR | 4,110,545 | $ | 25,855,328 | |||||
Information Technology — 1.0% | ||||||||
Bit Digital * (A) | 467,874 | 832,816 | ||||||
Linklogis, Cl B * (A) | 3,629,800 | 3,238,600 | ||||||
Yeahka * (A) | 1,099,014 | 2,742,790 | ||||||
6,814,206 | ||||||||
TOTAL CHINA | 32,669,534 | |||||||
DENMARK — 1.1% | ||||||||
Information Technology — 1.1% | ||||||||
SimCorp | 98,490 | 7,757,296 | ||||||
GERMANY — 0.6% | ||||||||
Financials — 0.6% | ||||||||
Hypoport * | 15,798 | 4,285,052 | ||||||
ISRAEL — 0.5% | ||||||||
Information Technology — 0.5% | ||||||||
Sapiens International | 132,955 | 3,367,750 | ||||||
ITALY — 2.2% | ||||||||
Information Technology — 2.2% | ||||||||
Nexi * | 1,526,597 | 15,503,261 | ||||||
JAPAN — 0.4% | ||||||||
Financials — 0.3% | ||||||||
WealthNavi * (A) | 108,424 | 1,571,851 | ||||||
Industrials — 0.1% | ||||||||
Makuake * (A) | 58,402 | 833,503 | ||||||
TOTAL JAPAN | 2,405,354 | |||||||
NETHERLANDS — 6.4% | ||||||||
Information Technology — 6.4% | ||||||||
Adyen * | 28,794 | 44,639,661 |
11
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X FinTech ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
NEW ZEALAND — 3.3% | ||||||||
Information Technology — 3.3% | ||||||||
Xero * | 359,919 | $ | 23,053,591 | |||||
SINGAPORE — 0.1% | ||||||||
Information Technology — 0.1% | ||||||||
Triterras, Cl A * | 510,420 | 729,901 | ||||||
SOUTH KOREA — 2.9% | ||||||||
Information Technology — 2.9% | ||||||||
Kakaopay * (A) | 235,314 | 20,065,977 | ||||||
SWITZERLAND — 3.0% | ||||||||
Financials — 0.5% | ||||||||
Leonteq | 56,494 | 3,477,279 | ||||||
Information Technology — 2.5% | ||||||||
Temenos | 180,459 | 17,538,533 | ||||||
TOTAL SWITZERLAND | 21,015,812 | |||||||
UNITED KINGDOM — 1.2% | ||||||||
Information Technology — 1.2% | ||||||||
Wise, Cl A * | 1,828,575 | 8,466,948 | ||||||
UNITED STATES — 67.5% | ||||||||
Financials — 9.1% | ||||||||
Blucora * | 191,720 | 3,391,527 | ||||||
Coinbase Global, Cl A * (A) | 225,049 | 17,576,327 | ||||||
Katapult Holdings * (A) | 901,447 | 1,243,997 | ||||||
LendingClub * | 232,996 | 3,662,697 | ||||||
LendingTree * | 31,789 | 2,006,203 | ||||||
Open Lending, Cl A * | 306,870 | 4,038,409 | ||||||
SoFi Technologies * (A) | 1,440,110 | 10,772,023 | ||||||
Sunlight Financial Holdings * (A) | 777,238 | 3,598,612 | ||||||
Upstart Holdings * (A) | 187,008 | 9,425,203 | ||||||
Virtu Financial, Cl A | 290,716 | 7,596,409 | ||||||
63,311,407 |
12
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X FinTech ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — 1.8% | ||||||||
HealthEquity * | 202,786 | $ | 12,690,348 | |||||
Information Technology — 56.6% | ||||||||
Affirm Holdings, Cl A * (A) | 358,883 | 10,228,165 | ||||||
Bill.com Holdings * | 202,335 | 23,924,090 | ||||||
Black Knight * | 380,854 | 25,863,795 | ||||||
Block, Cl A * | 492,548 | 43,102,875 | ||||||
Boku * | 1,449,181 | 1,945,124 | ||||||
Envestnet * | 132,336 | 8,816,224 | ||||||
Fidelity National Information Services | 457,459 | 47,804,466 | ||||||
Fiserv * | 616,407 | 61,751,653 | ||||||
Flywire * | 173,650 | 3,353,182 | ||||||
GreenBox POS * (A) | 265,858 | 699,207 | ||||||
Guidewire Software * | 202,221 | 16,165,547 | ||||||
Intuit | 139,787 | 57,936,120 | ||||||
Marathon Digital Holdings * (A) | 239,105 | 2,446,044 | ||||||
MeridianLink * (A) | 140,910 | 2,512,425 | ||||||
Mitek Systems * | 173,457 | 1,564,582 | ||||||
nCino * | 232,087 | 7,582,282 | ||||||
Paymentus Holdings, Cl A * | 95,286 | 1,447,394 | ||||||
Payoneer Global * | 595,224 | 2,982,072 | ||||||
PayPal Holdings * | 232,806 | 19,837,399 | ||||||
Paysafe * | 1,271,987 | 3,472,525 | ||||||
Riot Blockchain * (A) | 229,850 | 1,652,622 | ||||||
Shift4 Payments, Cl A * | 104,947 | 4,790,831 | ||||||
SS&C Technologies Holdings | 621,988 | 39,801,012 | ||||||
Toast, Cl A * | 129,598 | 2,104,672 | ||||||
Vertex, Cl A * | 151,614 | 1,676,851 | ||||||
393,461,159 | ||||||||
TOTAL UNITED STATES | 469,462,914 | |||||||
URUGUAY — 1.1% | ||||||||
Information Technology — 1.1% | ||||||||
Dlocal, Cl A * | 262,279 | 7,561,504 |
13
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X FinTech ETF |
Shares/Face Amount | Value | |||||||
COMMON STOCK — continued | ||||||||
TOTAL COMMON STOCK | ||||||||
(Cost $930,362,180) | $ | 694,493,527 | ||||||
SHORT-TERM INVESTMENT(B)(C) — 4.6% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600% | ||||||||
(Cost $32,200,049) | 32,200,049 | 32,200,049 | ||||||
REPURCHASE AGREEMENT(B) — 4.3% | ||||||||
BNP Paribas | ||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $29,886,263 (collateralized by various U.S. Treasury Obligations, ranging in par value $523,543 - $3,521,605, 0.250% - 2.750%, 09/30/2025 - 02/15/2028, with a total market value of $30,260,433) | ||||||||
(Cost $29,885,649) | $ | 29,885,649 | 29,885,649 | |||||
TOTAL INVESTMENTS — 108.8% | ||||||||
(Cost $992,447,878) | $ | 756,579,225 |
Percentages are based on Net Assets of $695,101,648.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $61,072,350. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $62,085,698. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022. |
ADR — American Depositary Receipt
Cl — Class
14
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X FinTech ETF |
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 694,493,527 | $ | — | $ | — | $ | 694,493,527 | ||||||||
Short-Term Investment | 32,200,049 | — | — | 32,200,049 | ||||||||||||
Repurchase Agreement | — | 29,885,649 | — | 29,885,649 | ||||||||||||
Total Investments in Securities | $ | 726,693,576 | $ | 29,885,649 | $ | — | $ | 756,579,225 |
Amounts designated as “—“ are $0 or have been rounded to $0.
15
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Video Games & Esports ETF |
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
CANADA — 0.3% | ||||||||
Communication Services — 0.3% | ||||||||
Enthusiast Gaming Holdings * (A) | 383,503 | $ | 920,407 | |||||
CHINA — 13.8% | ||||||||
Communication Services — 13.8% | ||||||||
Bilibili ADR * (A) | 373,179 | 8,340,551 | ||||||
DouYu International Holdings ADR * (A) | 640,340 | 826,038 | ||||||
HUYA ADR * | 164,694 | 696,656 | ||||||
Kingsoft | 1,871,300 | 6,284,933 | ||||||
NetDragon Websoft Holdings | 453,500 | 912,139 | ||||||
NetEase ADR | 186,254 | 19,320,127 | ||||||
TOTAL CHINA | 36,380,444 | |||||||
FRANCE — 3.9% | ||||||||
Communication Services — 3.9% | ||||||||
Ubisoft Entertainment * | 196,299 | 10,251,397 | ||||||
IRELAND — 1.6% | ||||||||
Information Technology — 1.6% | ||||||||
Keywords Studios | 142,349 | 4,201,615 | ||||||
ITALY — 0.3% | ||||||||
Communication Services — 0.3% | ||||||||
Digital Bros | 29,066 | 787,764 | ||||||
16
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Video Games & Esports ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
JAPAN — 28.5% | ||||||||
Communication Services — 28.5% | ||||||||
Akatsuki | 39,681 | $ | 889,271 | |||||
Capcom | 321,764 | 9,154,310 | ||||||
COLOPL | 166,454 | 822,922 | ||||||
DeNA | 156,386 | 2,268,384 | ||||||
Gumi * | 180,402 | 717,990 | ||||||
GungHo Online Entertainment | 86,942 | 1,649,698 | ||||||
Konami Holdings | 183,844 | 12,575,904 | ||||||
Nexon | 805,351 | 20,032,828 | ||||||
Nintendo | 42,208 | 18,839,313 | ||||||
Square Enix Holdings | 162,430 | 8,093,407 | ||||||
TOTAL JAPAN | 75,044,027 | |||||||
POLAND — 1.3% | ||||||||
Communication Services — 1.3% | ||||||||
CD Projekt (A) | 127,344 | 3,235,750 | ||||||
TEN Square Games (A) | 9,592 | 285,987 | ||||||
TOTAL POLAND | 3,521,737 | |||||||
SINGAPORE — 0.2% | ||||||||
Communication Services — 0.2% | ||||||||
IGG | 1,462,700 | 589,140 | ||||||
SOUTH KOREA — 13.9% | ||||||||
Communication Services — 13.9% | ||||||||
Com2uSCorp | 15,631 | 1,111,807 | ||||||
Gravity ADR * (A) | 14,516 | 874,444 | ||||||
JoyCity * | 123,199 | 590,503 | ||||||
Kakao Games * | 57,645 | 2,912,070 | ||||||
Krafton * | 49,909 | 10,468,304 | ||||||
NCSoft | 29,407 | 10,814,893 | ||||||
Neowiz * | 35,001 | 657,754 | ||||||
Netmarble | 42,185 | 2,847,112 |
17
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Video Games & Esports ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Communication Services — continued | ||||||||
Pearl Abyss * | 54,776 | $ | 2,806,982 | |||||
Webzen * | 45,083 | 765,230 | ||||||
Wemade | 34,701 | 2,395,300 | ||||||
Wemade Max * | 27,666 | 484,133 | ||||||
TOTAL SOUTH KOREA | 36,728,532 | |||||||
SWEDEN — 5.4% | ||||||||
Communication Services — 5.4% | ||||||||
Embracer Group, Cl B * (A) | 1,322,132 | 11,975,831 | ||||||
Stillfront Group * | 843,166 | 2,145,910 | ||||||
TOTAL SWEDEN | 14,121,741 | |||||||
TAIWAN — 0.4% | ||||||||
Communication Services — 0.4% | ||||||||
Gamania Digital Entertainment | 404,700 | 948,134 | ||||||
UNITED STATES — 30.3% | ||||||||
Communication Services — 27.1% | ||||||||
Activision Blizzard | 294,409 | 22,928,573 | ||||||
Electronic Arts | 147,587 | 20,462,937 | ||||||
ROBLOX, Cl A * | 243,528 | 7,291,228 | ||||||
Skillz, Cl A * (A) | 484,723 | 920,974 | ||||||
Take-Two Interactive Software * | 160,053 | 19,931,400 | ||||||
71,535,112 | ||||||||
Information Technology — 3.2% | ||||||||
Corsair Gaming * (A) | 72,177 | 1,158,441 | ||||||
Turtle Beach * (A) | 45,242 | 790,830 | ||||||
Unity Software * | 163,255 | 6,525,303 | ||||||
8,474,574 | ||||||||
TOTAL UNITED STATES | 80,009,686 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $379,379,204) | 263,504,624 |
18
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Video Games & Esports ETF |
Share/Face Amount | Value | |||||||
SHORT-TERM INVESTMENT(B)(C) — 3.1% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600% | ||||||||
(Cost $8,251,730) | 8,251,730 | $ | 8,251,730 | |||||
REPURCHASE AGREEMENT(B) — 2.9% | ||||||||
BNP Paribas | ||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $7,602,045 (collateralized by various U.S. Treasury Obligations, ranging in par value $133,171 - $895,776, 0.250% - 2.750%, 09/30/2025 - 02/15/2028, with a total market value of $7,697,220) | ||||||||
(Cost $7,601,889) | $ | 7,601,889 | 7,601,889 | |||||
TOTAL INVESTMENTS — 105.9% | ||||||||
(Cost $395,232,823) | $ | 279,358,243 |
Percentages are based on Net Assets of $263,723,565.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $13,031,065. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $15,853,619. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022. |
ADR — American Depositary Receipt
Cl — Class
19
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Video Games & Esports ETF |
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 263,504,624 | $ | — | $ | — | $ | 263,504,624 | ||||||||
Short-Term Investment | 8,251,730 | — | — | 8,251,730 | ||||||||||||
Repurchase Agreement | — | 7,601,889 | — | 7,601,889 | ||||||||||||
Total Investments in Securities | $ | 271,756,354 | $ | 7,601,889 | $ | — | $ | 279,358,243 |
Amounts designated as “—“ are $0 or have been rounded to $0.
20
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Autonomous & Electric Vehicles ETF |
Shares | Value | |||||||
COMMON STOCK — 98.5% | ||||||||
AUSTRALIA — 3.2% | ||||||||
Information Technology — 0.5% | ||||||||
Novonix * | 1,889,735 | $ | 5,544,409 | |||||
Materials — 2.7% | ||||||||
Allkem * | 1,674,525 | 16,468,729 | ||||||
Pilbara Minerals * | 5,394,418 | 11,415,570 | ||||||
27,884,299 | ||||||||
TOTAL AUSTRALIA | 33,428,708 | |||||||
CANADA — 2.6% | ||||||||
Industrials — 0.8% | ||||||||
Ballard Power Systems * (A) | 1,202,802 | 8,744,371 | ||||||
Information Technology — 0.9% | ||||||||
BlackBerry * (A) | 1,501,938 | 9,086,725 | ||||||
Materials — 0.9% | ||||||||
Standard Lithium * (A) | 1,662,398 | 9,778,425 | ||||||
TOTAL CANADA | 27,609,521 | |||||||
CHILE — 3.9% | ||||||||
Materials — 3.9% | ||||||||
Lundin Mining | 1,583,483 | 14,096,548 |
21
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Autonomous & Electric Vehicles ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
Sociedad Quimica y Minera de Chile ADR | 255,206 | $ | 27,095,221 | |||||
TOTAL CHILE | 41,191,769 | |||||||
CHINA — 8.2% | ||||||||
Communication Services — 1.6% | ||||||||
Baidu ADR * | 123,188 | 17,289,436 | ||||||
Consumer Discretionary — 2.9% | ||||||||
Geely Automobile Holdings | 5,910,000 | 11,299,399 | ||||||
NIO ADR * | 604,246 | 10,507,838 | ||||||
XPeng ADR, Cl A * | 353,785 | 8,313,947 | ||||||
30,121,184 | ||||||||
Information Technology — 2.6% | ||||||||
indie Semiconductor, Cl A * (A) | 1,247,128 | 9,590,414 | ||||||
NXP Semiconductors | 95,661 | 18,152,632 | ||||||
27,743,046 | ||||||||
Materials — 1.1% | ||||||||
Ganfeng Lithium, Cl H | 884,024 | 11,357,982 | ||||||
TOTAL CHINA | 86,511,648 | |||||||
FRANCE — 1.6% | ||||||||
Consumer Discretionary — 1.6% | ||||||||
Faurecia * | 250,943 | 6,940,994 | ||||||
Renault * | 379,593 | 10,389,614 | ||||||
TOTAL FRANCE | 17,330,608 | |||||||
GERMANY — 3.4% | ||||||||
Consumer Discretionary — 2.0% | ||||||||
Continental | 136,983 | 10,459,831 | ||||||
Vitesco Technologies Group * | 236,486 | 11,146,755 | ||||||
21,606,586 | ||||||||
22
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Autonomous & Electric Vehicles ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — 1.4% | ||||||||
Infineon Technologies | 480,609 | $ | 14,899,811 | |||||
TOTAL GERMANY | 36,506,397 | |||||||
ISRAEL — 1.3% | ||||||||
Information Technology — 1.3% | ||||||||
Innoviz Technologies * (A) | 2,784,720 | 13,589,434 | ||||||
JAPAN — 9.5% | ||||||||
Consumer Discretionary — 8.0% | ||||||||
Denso | 206,834 | 12,664,553 | ||||||
Honda Motor | 633,112 | 15,684,465 | ||||||
Nissan Motor | 2,684,535 | 10,446,408 | ||||||
Panasonic Holdings | 1,430,165 | 13,162,699 | ||||||
Toyota Motor | 1,965,898 | 32,435,139 | ||||||
84,393,264 | ||||||||
Industrials — 0.9% | ||||||||
GS Yuasa | 577,121 | 9,304,279 | ||||||
Materials — 0.6% | ||||||||
Tanaka Chemical * (A) | 705,248 | 6,995,192 | ||||||
TOTAL JAPAN | 100,692,735 | |||||||
LUXEMBOURG — 0.8% | ||||||||
Materials — 0.8% | ||||||||
APERAM | 218,759 | 9,059,789 | ||||||
NETHERLANDS — 1.0% | ||||||||
Information Technology — 1.0% | ||||||||
TomTom * | 1,251,811 | 10,352,527 | ||||||
SOUTH KOREA — 2.8% | ||||||||
Consumer Discretionary — 2.8% | ||||||||
Hyundai Motor | 93,670 | 14,347,288 | ||||||
Kia Motors | 217,931 | 15,095,932 | ||||||
TOTAL SOUTH KOREA | 29,443,220 |
23
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Autonomous & Electric Vehicles ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
UNITED KINGDOM — 1.3% | ||||||||
Materials — 1.3% | ||||||||
Johnson Matthey | 513,170 | $ | 13,646,418 | |||||
UNITED STATES — 58.9% | ||||||||
Communication Services — 3.1% | ||||||||
Alphabet, Cl A * | 14,309 | 32,556,409 | ||||||
Consumer Discretionary — 15.2% | ||||||||
American Axle & Manufacturing Holdings * | 1,371,994 | 11,126,871 | ||||||
Aptiv * | 121,102 | 12,865,876 | ||||||
Ford Motor | 1,100,314 | 15,052,296 | ||||||
General Motors * | 413,896 | 16,009,497 | ||||||
Gentherm * | 140,308 | 9,672,834 | ||||||
Harley-Davidson | 366,139 | 12,880,770 | ||||||
Lear | 79,013 | 11,137,672 | ||||||
Luminar Technologies, Cl A * (A) | 837,698 | 8,661,797 | ||||||
QuantumScape, Cl A * (A) | 658,549 | 8,422,842 | ||||||
Stellantis | 931,855 | 13,909,595 | ||||||
Tesla * | 36,445 | 27,634,786 | ||||||
Visteon * | 116,134 | 13,031,396 | ||||||
160,406,232 | ||||||||
Industrials — 10.9% | ||||||||
Bloom Energy, Cl A * | 704,760 | 12,347,395 | ||||||
EnerSys | 169,336 | 11,467,434 | ||||||
Honeywell International | 159,062 | 30,797,584 | ||||||
Hyster-Yale Materials Handling | 302,195 | 11,166,105 | ||||||
ITT | 142,347 | 10,508,056 | ||||||
Nikola * (A) | 1,290,439 | 9,110,499 | ||||||
Plug Power * | 605,591 | 11,191,322 | ||||||
Romeo Power * (A) | 4,016,155 | 3,155,493 | ||||||
Westinghouse Air Brake Technologies | 168,901 | 15,954,389 | ||||||
115,698,277 |
24
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Autonomous & Electric Vehicles ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — 20.0% | ||||||||
Ambarella * | 85,030 | $ | 7,246,257 | |||||
Apple | 230,521 | 34,310,746 | ||||||
CEVA * | 319,258 | 11,515,636 | ||||||
II-VI * (A) | 198,579 | 12,411,187 | ||||||
Intel | 725,775 | 32,238,925 | ||||||
Microsoft | 84,809 | 23,057,023 | ||||||
MicroVision * (A) | 3,187,018 | 11,473,265 | ||||||
NVIDIA | 144,477 | 26,976,745 | ||||||
ON Semiconductor * | 258,541 | 15,688,268 | ||||||
QUALCOMM | 217,109 | 31,094,351 | ||||||
Velodyne Lidar * (A) | 3,009,690 | 5,086,376 | ||||||
211,098,779 | ||||||||
Materials — 9.7% | ||||||||
Albemarle | 70,887 | 18,460,393 | ||||||
Allegheny Technologies * | 699,205 | 19,228,137 | ||||||
Cabot | 231,332 | 17,491,013 | ||||||
Carpenter Technology | 410,587 | 14,464,980 | ||||||
Livent * | 540,622 | 17,186,373 | ||||||
Piedmont Lithium * (A) | 245,052 | 15,869,568 | ||||||
102,700,464 | ||||||||
TOTAL UNITED STATES | 622,460,161 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $1,241,910,301) | 1,041,822,935 | |||||||
PREFERRED STOCK — 1.4% | ||||||||
GERMANY— 1.4% | ||||||||
Consumer Discretionary — 1.4% | ||||||||
Volkswagen (B) | ||||||||
(Cost $18,895,314) | 86,946 | 14,407,018 |
25
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Autonomous & Electric Vehicles ETF |
Shares/Face Amount | Value | |||||||
SHORT-TERM INVESTMENT(C)(D) — 3.4% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600% | ||||||||
(Cost $35,945,759) | 35,945,759 | $ | 35,945,759 | |||||
REPURCHASE AGREEMENT(C) — 3.1% | ||||||||
BNP Paribas | ||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $32,958,701 (collateralized by various U.S. Treasury Obligations, ranging in par value $577,365 - $3,883,642, 0.250% - 2.750%, 09/30/2025 - 02/15/2028, with a total market value of $33,371,339) | ||||||||
(Cost $32,958,024) | $ | 32,958,024 | 32,958,024 | |||||
TOTAL INVESTMENTS — 106.4% | ||||||||
(Cost $1,329,709,398) | $ | 1,125,133,736 |
Percentages are based on Net Assets of $1,057,155,444.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $64,798,120. |
(B) | There is currently no stated interest rate. |
(C) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $68,903,783. |
(D) | The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022. |
ADR — American Depositary Receipt
Cl — Class
26
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Autonomous & Electric Vehicles ETF |
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 1,041,822,935 | $ | — | $ | — | $ | 1,041,822,935 | ||||||||
Preferred Stock | 14,407,018 | — | — | 14,407,018 | ||||||||||||
Short-Term Investment | 35,945,759 | — | — | 35,945,759 | ||||||||||||
Repurchase Agreement | — | 32,958,024 | — | 32,958,024 | ||||||||||||
Total Investments in Securities | $ | 1,092,175,712 | $ | 32,958,024 | $ | — | $ | 1,125,133,736 |
Amounts designated as “—“ are $0 or have been rounded to $0.
27
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Cloud Computing ETF |
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
CANADA — 3.8% | ||||||||
Information Technology — 3.8% | ||||||||
Shopify, Cl A * | 72,329 | $ | 27,132,054 | |||||
CHINA — 2.1% | ||||||||
Consumer Discretionary — 0.6% | ||||||||
Alibaba Group Holding ADR * | 48,588 | 4,666,877 | ||||||
Information Technology — 1.5% | ||||||||
Kingsoft Cloud Holdings ADR * | 612,073 | 2,950,192 | ||||||
Vnet Group ADR * | 1,327,105 | 7,498,143 | ||||||
10,448,335 | ||||||||
TOTAL CHINA | 15,115,212 | |||||||
ISRAEL — 3.6% | ||||||||
Information Technology — 3.6% | ||||||||
Wix.com * | 403,458 | 25,421,889 | ||||||
UNITED STATES — 90.4% | ||||||||
Communication Services — 9.0% | ||||||||
Alphabet, Cl A * | 5,386 | 12,254,442 | ||||||
Netflix * | 158,734 | 31,340,441 | ||||||
PubMatic, Cl A * | 387,451 | 7,725,773 | ||||||
Vimeo * | 1,458,272 | 12,672,384 | ||||||
63,993,040 | ||||||||
Consumer Discretionary — 3.1% | ||||||||
2U * | 727,568 | 6,780,934 | ||||||
Amazon.com * | 6,386 | 15,353,157 | ||||||
22,134,091 |
28
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Cloud Computing ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — 74.1% | ||||||||
Akamai Technologies * | 302,973 | $ | 30,612,392 | |||||
Anaplan * | 455,728 | 29,895,757 | ||||||
Benefitfocus * | 314,680 | 2,863,588 | ||||||
Box, Cl A * | 988,469 | 25,808,925 | ||||||
Brightcove * | 390,433 | 2,748,648 | ||||||
Coupa Software * | 355,263 | 24,438,542 | ||||||
DigitalOcean Holdings * | 838,321 | 40,951,981 | ||||||
Dropbox, Cl A * | 1,403,477 | 29,248,461 | ||||||
Everbridge * | 367,436 | 15,178,781 | ||||||
Fastly, Cl A * | 1,118,977 | 14,602,650 | ||||||
Five9 * | 274,279 | 26,525,522 | ||||||
Freshworks, Cl A * | 914,085 | 14,405,980 | ||||||
International Business Machines | 16,620 | 2,307,521 | ||||||
Microsoft | 53,822 | 14,632,587 | ||||||
Paycom Software * | 99,260 | 28,223,588 | ||||||
Qualys * | 228,446 | 29,853,323 | ||||||
Salesforce * | 173,468 | 27,796,512 | ||||||
SPS Commerce * | 249,415 | 26,697,382 | ||||||
Twilio, Cl A * | 256,064 | 26,930,251 | ||||||
Workday, Cl A * | 152,671 | 23,862,477 | ||||||
Workiva, Cl A * | 362,986 | 26,501,608 | ||||||
Yext * | 1,239,558 | 6,296,955 | ||||||
Zoom Video Communications, Cl A * | 296,452 | 31,853,767 | ||||||
Zscaler * | 156,986 | 24,032,987 | ||||||
526,270,185 | ||||||||
Real Estate — 4.2% | ||||||||
Digital Realty Trust ‡ | 211,497 | 29,522,867 | ||||||
TOTAL UNITED STATES | 641,920,183 |
29
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Cloud Computing ETF |
Value | ||||||||
COMMON STOCK — continued | ||||||||
TOTAL COMMON STOCK | ||||||||
(Cost $1,114,868,360) | $ | 709,589,338 | ||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $1,114,868,360) | $ | 709,589,338 |
Percentages are based on Net Assets of $710,191,224.
* | Non-income producing security. |
‡ | Real Estate Investment Trust |
ADR — American Depositary Receipt
Cl — Class
As of May 31, 2022, 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.
30
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Data Center REITs & Digital Infrastructure ETF |
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
AUSTRALIA — 4.3% | ||||||||
Information Technology — 4.3% | ||||||||
NEXTDC * | 453,852 | $ | 3,584,533 | |||||
CHINA — 9.4% | ||||||||
Communication Services — 5.1% | ||||||||
China Tower, Cl H | 35,947,100 | 4,215,298 | ||||||
Information Technology — 4.3% | ||||||||
GDS Holdings ADR * | 98,092 | 2,745,595 | ||||||
Vnet Group ADR * | 135,679 | 766,586 | ||||||
3,512,181 | ||||||||
TOTAL CHINA | 7,727,479 | |||||||
GERMANY — 2.2% | ||||||||
Communication Services — 2.2% | ||||||||
Vantage Towers | 59,371 | 1,850,792 | ||||||
INDONESIA — 4.1% | ||||||||
Communication Services — 4.1% | ||||||||
Sarana Menara Nusantara | 24,478,029 | 1,678,762 | ||||||
Tower Bersama Infrastructure | 8,555,038 | 1,730,839 | ||||||
TOTAL INDONESIA | 3,409,601 | |||||||
SINGAPORE — 2.7% | ||||||||
Real Estate — 2.7% | ||||||||
Keppel ‡ | 1,470,059 | 2,209,002 |
31
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Data Center REITs & Digital Infrastructure ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
TAIWAN — 2.1% | ||||||||
Information Technology — 2.1% | ||||||||
Winbond Electronics | 1,702,304 | $ | 1,718,433 | |||||
TANZANIA — 1.4% | ||||||||
Communication Services — 1.4% | ||||||||
Helios Towers * | 824,547 | 1,182,586 | ||||||
UNITED STATES — 73.7% | ||||||||
Communication Services — 1.4% | ||||||||
Radius Global Infrastructure, Cl A * | 74,459 | 1,109,439 | ||||||
Information Technology — 15.2% | ||||||||
Advanced Micro Devices * | 13,958 | 1,421,762 | ||||||
Cyxtera Technologies * | 62,948 | 932,889 | ||||||
Intel | 33,731 | 1,498,331 | ||||||
Microchip Technology | 22,141 | 1,608,544 | ||||||
Micron Technology | 19,369 | 1,430,207 | ||||||
NVIDIA | 6,976 | 1,302,559 | ||||||
Switch, Cl A | 129,310 | 4,364,212 | ||||||
12,558,504 | ||||||||
Real Estate — 57.1% | ||||||||
American Tower ‡ | 43,797 | 11,217,726 | ||||||
Crown Castle International ‡ | 59,703 | 11,322,674 | ||||||
Digital Realty Trust ‡ | 53,254 | 7,433,726 | ||||||
Equinix ‡ | 14,955 | 10,275,431 | ||||||
SBA Communications, Cl A ‡ | 12,569 | 4,230,851 | ||||||
Uniti Group ‡ | 243,648 | 2,762,968 | ||||||
47,243,376 | ||||||||
TOTAL UNITED STATES | 60,911,319 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $89,093,390) | 82,593,745 |
32
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Data Center REITs & Digital Infrastructure ETF |
Face Amount | Value | |||||||
U.S. TREASURY OBLIGATION — 9.8% | ||||||||
U.S Treasury Bill | ||||||||
0.495%, 06/02/22(A) | ||||||||
(Cost $8,099,889) | $ | 8,100,000 | $ | 8,099,911 | ||||
TOTAL INVESTMENTS — 109.7% | ||||||||
(Cost $97,193,279) | $ | 90,693,656 |
* | Non-income producing security. |
‡ | Real Estate Investment Trust |
(A) | Interest rate represents the security’s effective yield at the time of purchase. |
ADR — American Depositary Receipt
Cl — Class
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 82,593,745 | $ | — | $ | — | $ | 82,593,745 | ||||||||
U.S. Treasury Obligation | — | 8,099,911 | — | 8,099,911 | ||||||||||||
Total Investments in Securities | $ | 82,593,745 | $ | 8,099,911 | $ | — | $ | 90,693,656 |
Amounts designated as “—“ are $0 or have been rounded to $0.
33
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Cybersecurity ETF |
Shares | Value | |||||||
COMMON STOCK — 100.0% | ||||||||
CANADA — 0.6% | ||||||||
Information Technology — 0.6% | ||||||||
Absolute Software | 730,808 | $ | 6,754,276 | |||||
ISRAEL — 8.5% | ||||||||
Information Technology — 8.5% | ||||||||
Check Point Software Technologies * | 599,342 | 74,965,697 | ||||||
Radware * | 653,252 | 15,762,971 | ||||||
Tufin Software Technologies * | 550,064 | 6,969,311 | ||||||
TOTAL ISRAEL | 97,697,979 | |||||||
JAPAN — 6.3% | ||||||||
Information Technology — 6.3% | ||||||||
Cyber Security Cloud * | 237,133 | 3,467,272 | ||||||
Digital Arts | 205,531 | 11,183,622 | ||||||
Trend Micro | 980,246 | 57,681,699 | ||||||
TOTAL JAPAN | 72,332,593 | |||||||
SOUTH KOREA — 1.1% | ||||||||
Information Technology — 1.1% | ||||||||
Ahnlab | 144,441 | 13,110,834 | ||||||
UNITED KINGDOM — 4.1% | ||||||||
Information Technology — 4.1% | ||||||||
Darktrace * | 10,122,320 | 46,793,373 | ||||||
UNITED STATES — 79.4% | ||||||||
Information Technology — 79.4% | ||||||||
A10 Networks | 1,093,522 | 16,851,174 | ||||||
Avast | 8,533,510 | 52,236,103 | ||||||
Crowdstrike Holdings, Cl A * | 407,089 | 65,130,169 | ||||||
CyberArk Software * | 387,923 | 53,882,505 |
34
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Cybersecurity ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Fortinet * | 258,972 | $ | 76,174,024 | |||||
Mandiant * | 2,487,483 | 54,849,000 | ||||||
NortonLifeLock | 2,291,492 | 55,774,915 | ||||||
Okta, Cl A * | 662,729 | 55,039,643 | ||||||
OneSpan * | 579,985 | 7,673,202 | ||||||
Palo Alto Networks * | 139,109 | 69,941,223 | ||||||
Ping Identity Holding * | 1,212,200 | 22,910,580 | ||||||
Qualys * | 422,221 | 55,175,840 | ||||||
Rapid7 * | 706,148 | 50,044,709 | ||||||
Sailpoint Technologies Holdings * | 865,632 | 54,915,694 | ||||||
SecureWorks, Cl A * | 346,427 | 4,143,267 | ||||||
SentinelOne, Cl A * | 1,885,811 | 44,863,444 | ||||||
Telos * | 984,426 | 9,480,022 | ||||||
Tenable Holdings * | 1,069,975 | 53,819,742 | ||||||
Varonis Systems, Cl B * | 1,484,909 | 49,105,941 | ||||||
Zscaler * | 386,900 | �� | 59,230,521 | |||||
TOTAL UNITED STATES | 911,241,718 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $1,358,369,477) | 1,147,930,773 | |||||||
TOTAL INVESTMENTS — 100.0% | ||||||||
(Cost $1,358,369,477) | $ | 1,147,930,773 |
Percentages are based on Net Assets of $1,148,036,045.
* | Non-income producing security. |
Cl — Class
As of May 31, 2022, 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.
35
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Artificial Intelligence & Technology ETF |
Shares | Value | |||||||
COMMON STOCK — 99.8% | ||||||||
BRAZIL — 0.3% | ||||||||
Information Technology — 0.3% | ||||||||
StoneCo, Cl A * | 38,590 | $ | 387,444 | |||||
CANADA — 2.4% | ||||||||
Industrials — 1.3% | ||||||||
Thomson Reuters (A) | 19,492 | 1,930,487 | ||||||
Information Technology — 1.1% | ||||||||
Shopify, Cl A * | 4,531 | 1,699,669 | ||||||
TOTAL CANADA | 3,630,156 | |||||||
CHINA — 11.6% | ||||||||
Communication Services — 3.9% | ||||||||
Baidu ADR * | 11,220 | 1,574,727 | ||||||
Tencent Holdings | 93,643 | 4,325,538 | ||||||
5,900,265 | ||||||||
Consumer Discretionary — 5.8% | ||||||||
Alibaba Group Holding ADR * | 46,032 | 4,421,374 |
36
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Artificial Intelligence & Technology ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Meituan, Cl B * | 186,941 | $ | 4,455,770 | |||||
8,877,144 | ||||||||
Information Technology — 1.9% | ||||||||
Canaan ADR * (A) | 132,788 | 496,627 | ||||||
NXP Semiconductors | 10,665 | 2,023,790 | ||||||
Vnet Group ADR * | 64,249 | 363,007 | ||||||
2,883,424 | ||||||||
TOTAL CHINA | 17,660,833 | |||||||
GERMANY — 4.0% | ||||||||
Industrials — 3.0% | ||||||||
Siemens | 34,604 | 4,538,789 | ||||||
Information Technology — 1.0% | ||||||||
Infineon Technologies | 51,637 | 1,600,847 | ||||||
TOTAL GERMANY | 6,139,636 | |||||||
ISRAEL — 0.2% | ||||||||
Information Technology — 0.2% | ||||||||
Wix.com * | 4,363 | 274,913 | ||||||
ITALY — 0.3% | ||||||||
Health Care — 0.3% | ||||||||
Amplifon | 12,894 | 442,834 | ||||||
JAPAN — 1.7% | ||||||||
Industrials — 1.4% | ||||||||
FANUC | 7,968 | 1,307,199 | ||||||
Toshiba | 17,198 | 771,367 | ||||||
2,078,566 | ||||||||
Information Technology — 0.3% | ||||||||
NEC | 12,187 | 493,562 | ||||||
TOTAL JAPAN | 2,572,128 |
37
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Artificial Intelligence & Technology ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
NETHERLANDS — 0.7% | ||||||||
Industrials — 0.7% | ||||||||
Wolters Kluwer | 10,514 | $ | 1,037,783 | |||||
SINGAPORE — 0.9% | ||||||||
Information Technology — 0.9% | ||||||||
STMicroelectronics | 35,949 | 1,432,006 | ||||||
SOUTH KOREA — 4.9% | ||||||||
Information Technology — 4.9% | ||||||||
Samsung Electronics | 89,693 | 4,886,282 | ||||||
SK Hynix | 28,909 | 2,523,579 | ||||||
TOTAL SOUTH KOREA | 7,409,861 | |||||||
SWEDEN — 0.6% | ||||||||
Information Technology — 0.6% | ||||||||
Telefonaktiebolaget LM Ericsson ADR | 121,405 | 980,952 | ||||||
SWITZERLAND — 0.3% | ||||||||
Information Technology — 0.3% | ||||||||
Temenos | 4,581 | 445,220 | ||||||
TAIWAN — 1.5% | ||||||||
Information Technology — 1.5% | ||||||||
Acer | 524,000 | 525,354 | ||||||
Advantech | 41,300 | 513,671 | ||||||
Alchip Technologies | 17,690 | 569,859 | ||||||
Global Unichip | 33,200 | 632,544 | ||||||
TOTAL TAIWAN | 2,241,428 | |||||||
UNITED KINGDOM — 1.3% | ||||||||
Health Care — 0.2% | ||||||||
Exscientia ADR * (A) | 30,493 | 358,902 | ||||||
Industrials — 0.8% | ||||||||
Experian | 36,436 | 1,219,646 |
38
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Artificial Intelligence & Technology ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — 0.3% | ||||||||
AVEVA Group | 13,787 | $ | 395,821 | |||||
TOTAL UNITED KINGDOM | 1,974,369 | |||||||
UNITED STATES — 69.1% | ||||||||
Communication Services — 8.8% | ||||||||
Alphabet, Cl A * | 2,184 | 4,969,124 | ||||||
Meta Platforms, Cl A * | 18,717 | 3,624,360 | ||||||
Netflix * | 14,273 | 2,818,061 | ||||||
Snap, Cl A * | 53,955 | 761,305 | ||||||
Twitter * | 31,799 | 1,259,241 | ||||||
13,432,091 | ||||||||
Consumer Discretionary — 7.0% | ||||||||
Amazon.com * | 1,990 | 4,784,338 | ||||||
eBay | 25,109 | 1,222,055 | ||||||
Tesla * | 6,010 | 4,557,143 | ||||||
10,563,536 | ||||||||
Financials — 0.2% | ||||||||
Upstart Holdings * (A) | 6,197 | 312,329 | ||||||
Health Care — 0.3% | ||||||||
ABIOMED * | 1,912 | 504,194 | ||||||
Industrials — 3.1% | ||||||||
Booz Allen Hamilton Holding, Cl A | 6,647 | 570,711 | ||||||
Hubbell, Cl B | 2,895 | 549,645 | ||||||
Nielsen Holdings | 30,089 | 769,075 | ||||||
Rockwell Automation | 4,591 | 978,801 | ||||||
Uber Technologies * | 77,211 | 1,791,295 | ||||||
4,659,527 | ||||||||
Information Technology — 49.7% | ||||||||
Accenture, Cl A | 16,911 | 5,047,257 | ||||||
Adobe * | 11,347 | 4,725,799 | ||||||
Ambarella * | 4,109 | 350,169 | ||||||
Apple | 34,965 | 5,204,191 |
39
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Artificial Intelligence & Technology ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
C3.ai, Cl A * | 21,868 | $ | 413,743 | |||||
Cadence Design Systems * | 11,118 | 1,709,170 | ||||||
CCC Intelligent Solutions Holdings * | 54,906 | 491,409 | ||||||
Cisco Systems | 100,087 | 4,508,919 | ||||||
Datadog, Cl A * | 10,281 | 980,705 | ||||||
DXC Technology * | 18,270 | 643,469 | ||||||
Genpact | 11,187 | 496,367 | ||||||
Hewlett Packard Enterprise | 51,437 | 802,417 | ||||||
Intel | 109,101 | 4,846,266 | ||||||
International Business Machines | 35,584 | 4,940,483 | ||||||
Mandiant * | 36,755 | 810,448 | ||||||
Microsoft | 19,182 | 5,215,010 | ||||||
NVIDIA | 24,288 | 4,535,055 | ||||||
Okta, Cl A * | 5,908 | 490,659 | ||||||
Oracle | 69,079 | 4,968,162 | ||||||
Pegasystems | 6,043 | 299,370 | ||||||
QUALCOMM | 34,465 | 4,936,077 | ||||||
Salesforce * | 25,955 | 4,159,029 | ||||||
Seagate Technology Holdings | 8,830 | 747,636 | ||||||
ServiceNow * | 7,914 | 3,699,558 | ||||||
Smartsheet, Cl A * | 9,703 | 345,912 | ||||||
Splunk * | 6,372 | 653,512 | ||||||
Super Micro Computer * | 13,617 | 681,667 | ||||||
Synopsys * | 6,129 | 1,956,377 | ||||||
Teradata * | 14,422 | 554,237 | ||||||
Trade Desk, Cl A * | 17,330 | 902,027 | ||||||
Twilio, Cl A * | 6,691 | 703,693 | ||||||
UiPath, Cl A * | 17,742 | 302,856 | ||||||
Verint Systems * | 10,585 | 540,258 | ||||||
Viasat * | 12,270 | 484,542 | ||||||
Workday, Cl A * | 7,686 | 1,201,322 | ||||||
Zebra Technologies, Cl A * | 2,096 | 708,846 | ||||||
Zendesk * | 5,991 | 547,877 |
40
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Artificial Intelligence & Technology ETF |
Shares/Number of Rights/Face Amount | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Zscaler * | 5,586 | $ | 855,161 | |||||
75,459,655 | ||||||||
TOTAL UNITED STATES | 104,931,332 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $192,329,218) | 151,560,895 | |||||||
RIGHTS — 0.0% | ||||||||
Taiwan — 0.0% | ||||||||
Acer# * | 1,312 | — | ||||||
TOTAL RIGHTS (Cost $–) | — | |||||||
SHORT-TERM INVESTMENT(B)(C) — 0.8% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600% | ||||||||
(Cost $1,164,400) | 1,164,400 | 1,164,400 | ||||||
REPURCHASE AGREEMENT(B) — 0.7% | ||||||||
BNP Paribas | ||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $1,081,663 (collateralized by various U.S. Treasury Obligations, ranging in par value $18,948 - $127,456, 0.250% - 2.750%, 09/30/2025 - 02/15/2028, with a total market value of $1,095,204) | ||||||||
(Cost $1,081,641) | $ | 1,081,641 | 1,081,641 | |||||
TOTAL INVESTMENTS — 101.3% | ||||||||
(Cost $194,575,259) | $ | 153,806,936 |
Percentages are based on Net Assets of $151,794,274.
41
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Artificial Intelligence & Technology ETF |
* | Non-income producing security. |
# | Expiration date not available. |
(A) | This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $2,209,114. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $2,246,041. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022. |
ADR — American Depositary Receipt
Cl — Class
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 151,560,895 | $ | — | $ | — | $ | 151,560,895 | ||||||||
Rights | — | — | — | — | ||||||||||||
Short-Term Investment | 1,164,400 | — | — | 1,164,400 | ||||||||||||
Repurchase Agreement | — | 1,081,641 | — | 1,081,641 | ||||||||||||
Total Investments in Securities | $ | 152,725,295 | $ | 1,081,641 | $ | — | $ | 153,806,936 |
Amounts designated as “—“ are $0 or have been rounded to $0.
42
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Metaverse ETF |
Shares | Value | |||||||
COMMON STOCK — 99.8% | ||||||||
CHINA — 13.5% | ||||||||
Communication Services — 13.0% | ||||||||
Hello Group ADR | 1,330 | $ | 8,086 | |||||
HUYA ADR * | 1,621 | 6,857 | ||||||
NetEase ADR | 1,430 | 148,334 | ||||||
Tencent Holdings | 3,090 | 142,733 | ||||||
306,010 | ||||||||
Consumer Discretionary — 0.5% | ||||||||
Alibaba Group Holding ADR * | 130 | 12,486 | ||||||
TOTAL CHINA | 318,496 | |||||||
FRANCE — 2.5% | ||||||||
Communication Services — 2.5% | ||||||||
Ubisoft Entertainment * | 1,128 | 58,908 | ||||||
IRELAND — 0.9% | ||||||||
Information Technology — 0.9% | ||||||||
Keywords Studios | 685 | 20,219 | ||||||
JAPAN — 19.6% | ||||||||
Communication Services — 19.6% | ||||||||
Capcom | 2,443 | 69,504 | ||||||
DeNA | 1,150 | 16,681 | ||||||
GungHo Online Entertainment | 790 | 14,990 | ||||||
Koei Tecmo Holdings | 1,513 | 53,630 | ||||||
Mixi | 700 | 11,525 | ||||||
Nexon | 4,320 | 107,458 |
43
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Metaverse ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Communication Services — continued | ||||||||
Nintendo | 299 | $ | 133,457 | |||||
Square Enix Holdings | 1,100 | 54,810 | ||||||
TOTAL JAPAN | 462,055 | |||||||
SOUTH KOREA — 12.1% | ||||||||
Communication Services — 11.4% | ||||||||
Krafton * | 442 | 92,708 | ||||||
NCSoft | 198 | 72,818 | ||||||
Netmarble | 774 | 52,238 | ||||||
Pearl Abyss * | 596 | 30,542 | ||||||
Wemade | 301 | 20,777 | ||||||
269,083 | ||||||||
Information Technology — 0.7% | ||||||||
Samsung Electronics | 290 | 15,799 | ||||||
TOTAL SOUTH KOREA | 284,882 | |||||||
SWEDEN — 1.3% | ||||||||
Communication Services — 1.3% | ||||||||
Modern Times Group MTG, Cl B * | 984 | 11,566 | ||||||
Paradox Interactive | 947 | 17,699 | ||||||
TOTAL SWEDEN | 29,265 | |||||||
TAIWAN — 1.0% | ||||||||
Information Technology — 1.0% | ||||||||
Taiwan Semiconductor Manufacturing ADR | 255 | 24,302 | ||||||
UNITED KINGDOM — 0.3% | ||||||||
Communication Services — 0.3% | ||||||||
Frontier Developments * | 441 | 6,936 | ||||||
UNITED STATES — 48.6% | ||||||||
Communication Services — 19.8% | ||||||||
Alphabet, Cl A * | 15 | 34,128 | ||||||
Meta Platforms, Cl A * | 716 | 138,646 | ||||||
ROBLOX, Cl A * | 3,286 | 98,383 |
44
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Metaverse ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Communication Services — continued | ||||||||
Snap, Cl A * | 5,952 | $ | 83,983 | |||||
Take-Two Interactive Software * | 894 | 111,329 | ||||||
466,469 | ||||||||
Consumer Discretionary — 2.5% | ||||||||
Amazon.com * | 25 | 60,105 | ||||||
Financials — 5.2% | ||||||||
Coinbase Global, Cl A * | 1,567 | 122,383 | ||||||
Information Technology — 21.1% | ||||||||
Adobe * | 24 | 9,995 | ||||||
Apple | 671 | 99,872 | ||||||
Cisco Systems | 200 | 9,010 | ||||||
Intel | 197 | 8,751 | ||||||
Matterport * | 2,525 | 13,862 | ||||||
Microsoft | 365 | 99,232 | ||||||
NVIDIA | 830 | 154,978 | ||||||
Unity Software * | 2,513 | 100,445 | ||||||
496,145 | ||||||||
TOTAL UNITED STATES | 1,145,102 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $2,426,070) | 2,350,165 | |||||||
TOTAL INVESTMENTS — 99.8% | ||||||||
(Cost $2,426,070) | $ | 2,350,165 |
Percentages are based on Net Assets of $2,354,118.
* | Non-income producing security. |
ADR — American Depositary Receipt
Cl — Class
As of May 31, 2022, 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.
45
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Millennial Consumer ETF |
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
GERMANY — 0.3% | ||||||||
Communication Services — 0.3% | ||||||||
Trivago ADR * | 198,259 | $ | 337,040 | |||||
SINGAPORE — 2.5% | ||||||||
Communication Services — 2.5% | ||||||||
Sea ADR * | 37,088 | 3,065,694 | ||||||
UNITED STATES — 97.1% | ||||||||
Communication Services — 23.1% | ||||||||
Activision Blizzard | 55,904 | 4,353,804 | ||||||
Alphabet, Cl A * | 1,640 | 3,731,394 | ||||||
Angi, Cl A * | 80,266 | 440,660 | ||||||
Cargurus, Cl A * | 10,580 | 267,886 | ||||||
Cars.com * | 33,212 | 343,744 | ||||||
iHeartMedia * | 23,188 | 273,618 | ||||||
Match Group * | 21,155 | 1,666,591 | ||||||
Meta Platforms, Cl A * | 20,050 | 3,882,482 | ||||||
Netflix * | 12,146 | 2,398,106 | ||||||
Snap, Cl A * | 122,791 | 1,732,581 | ||||||
Spotify Technology * | 14,278 | 1,610,130 |
46
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Millennial Consumer ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Communication Services — continued | ||||||||
TripAdvisor * | 17,194 | $ | 427,099 | |||||
Twitter * | 59,376 | 2,351,290 | ||||||
Vimeo * | 38,492 | 334,495 | ||||||
Walt Disney * | 33,787 | 3,731,436 | ||||||
Yelp, Cl A * | 13,624 | 400,682 | ||||||
27,945,998 | ||||||||
Consumer Discretionary — 42.2% | ||||||||
2U * | 34,446 | 321,037 | ||||||
Aaron’s | 23,154 | 452,892 | ||||||
Airbnb, Cl A * | 27,203 | 3,288,027 | ||||||
Amazon.com * | 1,423 | 3,421,162 | ||||||
AutoNation * | 4,584 | 548,063 | ||||||
Beachbody * | 226,935 | 508,334 | ||||||
Bed Bath & Beyond * | 20,300 | 175,595 | ||||||
Booking Holdings * | 2,013 | 4,516,286 | ||||||
Capri Holdings * | 10,774 | 525,125 | ||||||
CarMax * | 11,992 | 1,190,446 | ||||||
Carter’s | 5,080 | 391,414 | ||||||
Carvana, Cl A * | 6,597 | 194,216 | ||||||
Chegg * | 12,362 | 240,565 | ||||||
Children’s Place * | 8,706 | 413,361 | ||||||
Chipotle Mexican Grill, Cl A * | 2,080 | 2,917,304 | ||||||
Columbia Sportswear | 5,259 | 409,045 | ||||||
Designer Brands, Cl A | 32,426 | 503,576 | ||||||
Dick’s Sporting Goods | 4,573 | 371,465 | ||||||
eBay | 43,562 | 2,120,163 | ||||||
Etsy * | 9,417 | 763,907 | ||||||
Expedia Group * | 11,142 | 1,440,995 | ||||||
GoPro, Cl A * | 53,173 | 367,426 | ||||||
Graham Holdings, Cl B | 734 | 449,957 | ||||||
Groupon, Cl A * (A) | 22,249 | 343,747 | ||||||
Home Depot | 14,987 | 4,537,314 | ||||||
Laureate Education, Cl A | 39,420 | 501,817 |
47
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Millennial Consumer ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Lowe’s | 22,328 | $ | 4,360,658 | |||||
Lululemon Athletica * | 9,102 | 2,664,064 | ||||||
NIKE, Cl B | 34,886 | 4,146,201 | ||||||
Peloton Interactive, Cl A * | 22,117 | 308,753 | ||||||
Planet Fitness, Cl A * | 6,164 | 433,761 | ||||||
Skechers USA, Cl A * | 11,401 | 449,199 | ||||||
Starbucks | 53,716 | 4,216,706 | ||||||
Strategic Education | 6,526 | 429,541 | ||||||
Stride * | 12,540 | 490,439 | ||||||
Under Armour, Cl A * | 27,269 | 288,506 | ||||||
VF | 28,840 | 1,455,266 | ||||||
Victoria’s Secret * | 9,516 | 392,154 | ||||||
Wayfair, Cl A * | 5,817 | 345,472 | ||||||
WW International * | 41,838 | 296,631 | ||||||
51,190,590 | ||||||||
Consumer Staples — 3.6% | ||||||||
Costco Wholesale | 7,648 | 3,565,651 | ||||||
Medifast | 2,530 | 421,878 | ||||||
Sprouts Farmers Market * | 13,305 | 360,432 | ||||||
4,347,961 | ||||||||
Financials — 1.7% | ||||||||
Blucora * | 23,410 | 414,123 | ||||||
LendingClub * | 30,269 | 475,829 | ||||||
LendingTree * | 3,864 | 243,857 | ||||||
Nelnet, Cl A | 5,253 | 444,876 | ||||||
SLM | 25,727 | 503,992 | ||||||
2,082,677 | ||||||||
Industrials — 3.6% | ||||||||
Avis Budget Group * | 3,978 | 756,934 | ||||||
Lyft, Cl A * | 25,518 | 451,158 | ||||||
Uber Technologies * | 134,048 | 3,109,914 | ||||||
4,318,006 |
48
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Millennial Consumer ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — 15.2% | ||||||||
Apple | 26,075 | $ | 3,881,003 | |||||
Block, Cl A * | 34,768 | 3,042,548 | ||||||
Fiserv * | 43,623 | 4,370,152 | ||||||
Intuit | 9,142 | 3,788,993 | ||||||
PayPal Holdings * | 39,808 | 3,392,040 | ||||||
18,474,736 | ||||||||
Real Estate — 7.7% | ||||||||
AvalonBay Communities ‡ | 10,368 | 2,156,129 | ||||||
Camden Property Trust ‡ | 7,828 | 1,123,240 | ||||||
Centerspace ‡ | 4,312 | 357,810 | ||||||
Equity Residential ‡ | 27,867 | 2,141,021 | ||||||
Independence Realty Trust ‡ | 16,411 | 385,823 | ||||||
Invitation Homes ‡ | 45,168 | 1,703,737 | ||||||
UDR ‡ | 23,975 | 1,146,005 | ||||||
Zillow Group, Cl A * | 9,212 | 368,111 | ||||||
9,381,876 | ||||||||
TOTAL UNITED STATES | 117,741,844 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $172,913,647) | 121,144,578 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 0.1% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600% | ||||||||
(Cost $130,238) | 130,238 | 130,238 |
49
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Millennial Consumer ETF |
Face Amount | Value | ||||||||
REPURCHASE AGREEMENT(B) — 0.1% | |||||||||
BNP Paribas | |||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $120,984 (collateralized by various U.S. Treasury Obligations, ranging in par value $2,119 - $14,256, 0.250% - 2.750%, 09/30/2025 - 02/15/2028, with a total market value of $122,500) | |||||||||
(Cost $120,982) | $ | 120,982 | $ | 120,982 | |||||
TOTAL INVESTMENTS — 100.1% | |||||||||
(Cost $173,164,867) | $ | 121,395,798 |
Percentages are based on Net Assets of $121,235,46.
* | Non-income producing security. |
‡ | Real Estate Investment Trust |
(A) | This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $244,110. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $251,220. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022. |
ADR — American Depositary Receipt
Cl — Class
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 121,144,578 | $ | — | $ | — | $ | 121,144,578 | ||||||||
Short-Term Investment | 130,238 | — | — | 130,238 | ||||||||||||
Repurchase Agreement | — | 120,982 | — | 120,982 | ||||||||||||
Total Investments in Securities | $ | 121,274,816 | $ | 120,982 | $ | — | $ | 121,395,798 |
Amounts designated as “—“ are $0 or have been rounded to $0.
50
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Education ETF |
Shares | Value | |||||||
COMMON STOCK — 99.8% | ||||||||
AUSTRALIA — 9.7% | ||||||||
Consumer Discretionary — 9.7% | ||||||||
G8 Education | 59,469 | $ | 48,846 | |||||
IDP Education | 19,728 | 340,635 | ||||||
TOTAL AUSTRALIA | 389,481 | |||||||
BRAZIL — 2.7% | ||||||||
Consumer Discretionary — 2.7% | ||||||||
Arco Platform, Cl A * | 2,065 | 34,919 | ||||||
YDUQS Participacoes | 21,735 | 74,215 | ||||||
TOTAL BRAZIL | 109,134 | |||||||
CANADA — 2.0% | ||||||||
Information Technology — 2.0% | ||||||||
Docebo * | 2,329 | 79,490 | ||||||
CHINA — 10.8% | ||||||||
Consumer Discretionary — 10.8% | ||||||||
China East Education Holdings | 154,392 | 72,222 | ||||||
Gaotu Techedu ADR * | 10,164 | 13,213 | ||||||
Koolearn Technology Holding * | 69,982 | 33,004 | ||||||
New Oriental Education & Technology Group ADR * | 12,150 | 158,679 | ||||||
TAL Education Group ADR * | 35,311 | 144,775 | ||||||
Youdao ADR * | 2,562 | 13,220 | ||||||
TOTAL CHINA | 435,113 |
51
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Education ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
JAPAN — 7.0% | ||||||||
Communication Services — 1.7% | ||||||||
Gakken Holdings | 3,124 | $ | 20,568 | |||||
V-Cube | 6,642 | 44,867 | ||||||
65,435 | ||||||||
Consumer Discretionary — 4.0% | �� | |||||||
Benesse Holdings | 7,243 | 115,983 | ||||||
Media Do | 1,144 | 16,807 | ||||||
Riso Kyoiku | 10,972 | 29,083 | ||||||
161,873 | ||||||||
Industrials — 1.3% | ||||||||
Insource | 3,039 | 53,294 | ||||||
TOTAL JAPAN | 280,602 | |||||||
NORWAY — 2.6% | ||||||||
Communication Services — 2.6% | ||||||||
Kahoot! * | 34,669 | 103,004 | ||||||
SOUTH KOREA — 1.5% | ||||||||
Consumer Discretionary — 1.5% | ||||||||
MegaStudyEdu | 834 | 62,287 | ||||||
UNITED KINGDOM — 10.3% | ||||||||
Communication Services — 10.3% | ||||||||
Pearson | 43,778 | 416,229 | ||||||
UNITED STATES — 53.2% | ||||||||
Communication Services — 9.7% | ||||||||
Bandwidth, Cl A * | 6,236 | 131,205 | ||||||
John Wiley & Sons, Cl A | 3,308 | 175,192 | ||||||
Scholastic | 2,305 | 86,507 | ||||||
392,904 | ||||||||
Consumer Discretionary — 27.5% | ||||||||
2U * | 5,364 | 49,992 |
52
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Education ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Bright Horizons Family Solutions * | 3,428 | $ | 310,405 | |||||
Chegg * | 8,979 | 174,731 | ||||||
Coursera * | 10,187 | 172,262 | ||||||
Duolingo, Cl A * | 1,601 | 133,860 | ||||||
Stride * | 3,033 | 118,621 | ||||||
Udemy * | 9,890 | 145,878 | ||||||
1,105,749 | ||||||||
Industrials — 1.7% | ||||||||
Skillsoft * | 11,449 | 67,091 | ||||||
Information Technology — 14.3% | ||||||||
8x8 * | 19,916 | 144,391 | ||||||
Brightcove * | 11,033 | 77,672 | ||||||
RingCentral, Cl A * | 2,175 | 137,330 | ||||||
Zoom Video Communications, Cl A * | 2,006 | 215,545 | ||||||
574,938 | ||||||||
TOTAL UNITED STATES | 2,140,682 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $10,481,009) | 4,016,022 | |||||||
TOTAL INVESTMENTS — 99.8% | ||||||||
(Cost $10,481,009) | $ | 4,016,022 |
Percentages are based on Net Assets of $4,024,661.
* | Non-income producing security. |
ADR — American Depositary Receipt
Cl — Class
As of May 31, 2022, 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.
53
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Cannabis ETF |
Shares | Value | |||||||
COMMON STOCK — 100.0% | ||||||||
AUSTRALIA — 2.1% | ||||||||
Health Care — 2.1% | ||||||||
Creso Pharma * (A) | 33,032,219 | $ | 1,255,870 | |||||
CANADA — 66.9% | ||||||||
Consumer Staples — 2.3% | ||||||||
Flora Growth * (A) | 1,436,011 | 1,436,011 | ||||||
Financials — 4.8% | ||||||||
Fire & Flower Holdings * (A) | 1,054,222 | 2,900,496 | ||||||
Health Care — 59.8% | ||||||||
Aurora Cannabis * (A) | 1,820,275 | 3,021,656 | ||||||
Auxly Cannabis Group * (A) | 25,726,719 | 2,440,769 | ||||||
Canopy Growth * (A) | 869,512 | 4,351,513 | ||||||
Cardiol Therapeutics, Cl A * (A) | 1,382,290 | 1,825,058 | ||||||
Cronos Group * | 1,809,094 | 5,449,380 | ||||||
HEXO * (A) | 8,795,536 | 2,155,683 | ||||||
IM Cannabis * (A) | 1,543,944 | 1,543,944 | ||||||
Organigram Holdings * (A) | 3,942,977 | 4,582,501 | ||||||
Sundial Growers * (A) | 11,687,708 | 4,585,088 | ||||||
Tilray Brands * (A) | 1,095,598 | 4,919,235 |
54
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Cannabis ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Valens * (A) | 1,788,157 | $ | 1,413,730 | |||||
36,288,557 | ||||||||
TOTAL CANADA | 40,625,064 | |||||||
ISRAEL — 5.9% | ||||||||
Health Care — 5.9% | ||||||||
Intercure * (A) | 552,167 | 3,561,477 | ||||||
UNITED STATES — 25.1% | ||||||||
Consumer Staples — 4.3% | ||||||||
Grove * (A) | 475,037 | 2,636,455 | ||||||
Financials — 5.9% | ||||||||
AFC Gamma ‡ | 198,938 | 3,564,969 | ||||||
Health Care — 11.9% | ||||||||
cbdMD * | 1,313,095 | 906,167 | ||||||
Charlottes Web Holdings * (A) | 3,238,587 | 1,433,853 | ||||||
Corbus Pharmaceuticals Holdings * | 3,641,113 | 1,104,714 | ||||||
MyMD Pharmaceuticals * | 940,509 | 2,830,932 | ||||||
Zynerba Pharmaceuticals * | 971,734 | 930,435 | ||||||
7,206,101 | ||||||||
Industrials — 0.2% | ||||||||
India Globalization Capital * (A) | 233,094 | 101,256 | ||||||
Real Estate — 2.8% | ||||||||
Power REIT ‡ * | 75,162 | 1,721,210 | ||||||
TOTAL UNITED STATES | 15,229,991 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $171,620,985) | 60,672,402 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 16.9% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600% | ||||||||
(Cost $10,283,600) | 10,283,600 | 10,283,600 |
55
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Cannabis ETF |
Face Amount | Value | |||||||
REPURCHASE AGREEMENT(B) — 15.4% | ||||||||
BNP Paribas | ||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $9,338,524 (collateralized by various U.S. Treasury Obligations, ranging in par value $163,591 - $1,100,392, 0.250% - 2.750%, 09/30/2025 - 02/15/2028, with a total market value of $9,455,441) | ||||||||
(Cost $9,338,332) | $ | 9,338,332 | $ | 9,338,332 | ||||
TOTAL INVESTMENTS — 132.3% | ||||||||
(Cost $191,242,917) | $ | 80,294,334 |
Percentages are based on Net Assets of $60,703,132.
* | Non-income producing security. |
‡ | Real Estate Investment Trust |
(A) | This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $17,831,556. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $19,621,932. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022. |
Cl — Class
REIT — Real Estate Investment Trust
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 60,672,402 | $ | — | $ | — | $ | 60,672,402 | ||||||||
Short-Term Investment | 10,283,600 | — | — | 10,283,600 | ||||||||||||
Repurchase Agreement | — | 9,338,332 | — | 9,338,332 | ||||||||||||
Total Investments in Securities | $ | 70,956,002 | $ | 9,338,332 | $ | — | $ | 80,294,334 |
Amounts designated as “—“ are $0 or have been rounded to $0.
56
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Cannabis ETF |
The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:
Investments in Common Stock | ||||
Balance as of November 30, 2021 | $ | 1,582,637 | ||
Transfers out of Level 3 | (1,255,870 | ) | ||
Transfers into Level 3 | – | |||
Net purchases | 593,105 | |||
Net sales | (248,462 | ) | ||
Realized gain/(loss) | (524,060 | ) | ||
Change in unrealized appreciation/(depreciation) | (147,350 | ) | ||
Ending Balance as of May 31, 2022 | $ | – |
For the period ended May 31, 2022, 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.
57
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Genomics & Biotechnology ETF |
Shares | Value | |||||||
COMMON STOCK — 100.0% | ||||||||
CHINA — 4.7% | ||||||||
Health Care — 4.7% | ||||||||
Genscript Biotech * | 2,727,018 | $ | 8,064,039 | |||||
FRANCE — 0.4% | ||||||||
Health Care — 0.4% | ||||||||
Cellectis ADR * (A) | 177,920 | 644,070 | ||||||
GERMANY — 7.3% | ||||||||
Health Care — 7.3% | ||||||||
BioNTech ADR | 50,660 | 8,275,818 | ||||||
CureVac * (A) | 218,388 | 4,213,401 | ||||||
TOTAL GERMANY | 12,489,219 | |||||||
JAPAN — 1.5% | ||||||||
Health Care — 1.5% | ||||||||
Takara Bio | 185,066 | 2,623,968 | ||||||
NETHERLANDS — 1.4% | ||||||||
Health Care — 1.4% | ||||||||
uniQure * | 167,034 | 2,398,608 | ||||||
SWITZERLAND — 4.8% | ||||||||
Health Care — 4.8% | ||||||||
CRISPR Therapeutics * (A) | 140,837 | 8,175,588 | ||||||
58
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Genomics & Biotechnology ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
UNITED STATES — 79.9% | ||||||||
Health Care — 79.9% | ||||||||
2seventy bio * | 149,044 | $ | 1,848,146 | |||||
Agilent Technologies | 62,191 | 7,933,084 | ||||||
Allogene Therapeutics * | 290,623 | 2,304,640 | ||||||
Alnylam Pharmaceuticals * | 47,214 | 5,939,521 | ||||||
Arrowhead Pharmaceuticals * | 175,760 | 5,863,354 | ||||||
Beam Therapeutics * | 183,685 | 6,462,038 | ||||||
BioMarin Pharmaceutical * | 91,114 | 6,845,395 | ||||||
Bionano Genomics * (A) | 1,156,168 | 2,000,171 | ||||||
Bluebird Bio * | 280,470 | 897,504 | ||||||
CareDx * | 209,258 | 5,262,839 | ||||||
Caribou Biosciences * (A) | 194,379 | 1,619,177 | ||||||
Editas Medicine, Cl A * | 273,890 | 3,119,607 | ||||||
Fulgent Genetics * | 84,798 | 4,622,339 | ||||||
Gilead Sciences | 59,313 | 3,846,448 | ||||||
Illumina * | 12,271 | 2,938,659 | ||||||
Intellia Therapeutics * | 148,305 | 6,842,793 | ||||||
Invitae * (A) | 902,881 | 3,313,573 | ||||||
Moderna * | 25,641 | 3,726,406 | ||||||
Myriad Genetics * | 308,737 | 5,940,100 | ||||||
NanoString Technologies * | 178,926 | 2,798,403 | ||||||
Natera * | 201,998 | 7,411,307 | ||||||
Pacific Biosciences of California * | 881,219 | 4,961,263 | ||||||
QIAGEN * | 161,536 | 7,422,579 | ||||||
REGENXBIO * | 145,573 | 3,062,856 | ||||||
Rocket Pharmaceuticals * | 239,454 | 2,837,530 | ||||||
Sangamo Therapeutics * | 495,504 | 1,808,590 | ||||||
Sarepta Therapeutics * | 98,859 | 7,198,912 | ||||||
Sorrento Therapeutics * (A) | 1,279,879 | 2,099,002 | ||||||
Stoke Therapeutics * | 71,150 | 861,626 | ||||||
Ultragenyx Pharmaceutical * | 103,021 | 4,831,685 | ||||||
Veracyte * | 282,057 | 4,958,562 |
59
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Genomics & Biotechnology ETF |
Shares/Face Amount | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Vertex Pharmaceuticals * | 13,671 | $ | 3,672,714 | |||||
Verve Therapeutics * (A) | 101,727 | 1,542,181 | ||||||
TOTAL UNITED STATES | 136,793,004 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $272,546,536) | 171,188,496 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 2.2% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600% | ||||||||
(Cost $3,747,016) | 3,747,016 | 3,747,016 | ||||||
REPURCHASE AGREEMENT(B) — 2.0% | ||||||||
BNP Paribas | ||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $3,480,772 (collateralized by various U.S. Treasury Obligations, ranging in par value $60,976 - $410,152, 0.250% - 2.750%, 09/30/2025 - 02/15/2028, with a total market value of $3,524,352) | ||||||||
(Cost $3,480,701) | $ | 3,480,701 | 3,480,701 | |||||
TOTAL INVESTMENTS — 104.2% | ||||||||
(Cost $279,774,253) | $ | 178,416,213 |
Percentages are based on Net Assets of $171,225,300.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $6,799,127. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $7,227,717. |
60
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Genomics & Biotechnology ETF |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022. |
ADR — American Depositary Receipt
Cl — Class
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 171,188,496 | $ | — | $ | — | $ | 171,188,496 | ||||||||
Short-Term Investment | 3,747,016 | — | — | 3,747,016 | ||||||||||||
Repurchase Agreement | — | 3,480,701 | — | 3,480,701 | ||||||||||||
Total Investments in Securities | $ | 174,935,512 | $ | 3,480,701 | $ | — | $ | 178,416,213 |
Amounts designated as “—“ are $0 or have been rounded to $0.
61
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X China Biotech Innovation ETF |
Shares | Value | |||||||
COMMON STOCK — 99.8% | ||||||||
CHINA — 99.8% | ||||||||
Consumer Staples — 4.5% | ||||||||
Anjoy Foods Group, Cl A | 6,051 | $ | 119,083 | |||||
Health Care — 95.3% | ||||||||
3SBio * | 66,500 | 49,416 | ||||||
Alphamab Oncology * | 19,400 | 19,164 | ||||||
Ascentage Pharma Group International * | 6,400 | 14,210 | ||||||
Beijing Bohui Innovation Biotechnology Group, Cl A * | 12,900 | 12,187 | ||||||
Beijing SL Pharmaceutical, Cl A | 21,700 | 31,968 | ||||||
Beijing Tiantan Biological Products, Cl A | 25,257 | 85,231 | ||||||
Beijing Wantai Biological Pharmacy Enterprise, Cl A | 3,615 | 68,946 | ||||||
Berry Genomics, Cl A * | 8,355 | 16,211 | ||||||
BGI Genomics, Cl A | 8,838 | 86,946 | ||||||
Changchun High & New Technology Industry Group, Cl A | 9,347 | 232,129 | ||||||
Chengdu Kanghua Biological Products, Cl A | 1,950 | 28,476 | ||||||
Chongqing Zhifei Biological Products, Cl A | 14,100 | 184,245 | ||||||
CSPC Pharmaceutical Group | 208,000 | 222,699 | ||||||
Daan Gene, Cl A | 38,780 | 102,010 | ||||||
Genscript Biotech * | 43,550 | 128,781 | ||||||
Getein Biotech, Cl A | 7,800 | 21,849 | ||||||
Guangdong Hybribio Biotech, Cl A | 9,763 | 30,110 | ||||||
Guangzhou Wondfo Biotech, Cl A | 9,800 | 56,781 | ||||||
Hebei Changshan Biochemical Pharmaceutical, Cl A | 17,700 | 16,403 | ||||||
Hualan Biological Engineering, Cl A | 36,300 | 101,627 | ||||||
Joinn Laboratories China, Cl A | 5,860 | 93,374 |
62
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X China Biotech Innovation ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
JW Cayman Therapeutics * | 10,600 | $ | 10,093 | |||||
Kintor Pharmaceutical * | 7,300 | 22,285 | ||||||
PharmaBlock Sciences Nanjing, Cl A | 5,781 | 71,689 | ||||||
Shanghai Haohai Biological Technology, Cl A | 1,255 | 16,455 | ||||||
Shanghai RAAS Blood Products, Cl A | 98,000 | 82,603 | ||||||
Shenzhen Kangtai Biological Products, Cl A | 11,371 | 106,042 | ||||||
Shenzhen Neptunus Bioengineering, Cl A * | 63,400 | 35,689 | ||||||
Sichuan Kelun Pharmaceutical, Cl A | 27,100 | 72,260 | ||||||
Viva Biotech Holdings | 37,000 | 11,743 | ||||||
Walvax Biotechnology, Cl A | 27,700 | 192,549 | ||||||
Wuxi Biologics Cayman * | 29,550 | 218,455 | ||||||
Zai Lab ADR * | 2,738 | 79,676 | ||||||
2,522,302 | ||||||||
TOTAL CHINA | 2,641,385 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $3,705,418) | 2,641,385 | |||||||
TOTAL INVESTMENTS — 99.8% | ||||||||
(Cost $3,705,418) | $ | 2,641,385 |
Percentages are based on Net Assets of $2,646,981.
* | Non-income producing security. |
ADR — American Depositary Receipt
Cl — Class
As of May 31, 2022, 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.
63
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Telemedicine & Digital Health ETF |
Shares | Value | |||||||
COMMON STOCK — 99.8% | ||||||||
CHINA — 10.9% | ||||||||
Consumer Discretionary — 10.9% | ||||||||
Alibaba Health Information Technology * | 13,285,200 | $ | 6,773,368 | |||||
JD Health International * | 1,247,650 | 7,943,372 | ||||||
Ping An Healthcare and Technology * (A) | 1,425,800 | 3,834,579 | ||||||
TOTAL CHINA | 18,551,319 | |||||||
GERMANY — 2.9% | ||||||||
Health Care — 2.9% | ||||||||
CompuGroup Medical & KgaA | 88,841 | 4,986,950 | ||||||
UNITED STATES — 86.0% | ||||||||
Financials — 0.5% | ||||||||
eHealth * | 83,335 | 875,018 | ||||||
Health Care — 85.5% | ||||||||
1Life Healthcare * | 493,773 | 4,182,257 | ||||||
Agilent Technologies | 62,526 | 7,975,817 | ||||||
Allscripts Healthcare Solutions * | 345,747 | 5,908,816 | ||||||
American Well, Cl A * | 590,893 | 2,233,575 | ||||||
Cerner | 78,425 | 7,438,611 | ||||||
Change Healthcare * | 311,173 | 7,496,158 | ||||||
Computer Programs and Systems * | 46,166 | 1,472,234 | ||||||
Cue Health * (A) | 240,344 | 1,271,420 | ||||||
Dexcom * | 17,795 | 5,301,842 |
64
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Telemedicine & Digital Health ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
DocGo * (A) | 254,670 | $ | 1,922,758 | |||||
Doximity, Cl A * | 169,775 | 5,940,427 | ||||||
GoodRx Holdings, Cl A * | 224,320 | 1,787,830 | ||||||
Hims & Hers Health * | 360,443 | 1,456,190 | ||||||
Illumina * | 24,700 | 5,915,156 | ||||||
Invitae * (A) | 729,521 | 2,677,342 | ||||||
iRhythm Technologies * | 56,639 | 7,977,603 | ||||||
Laboratory Corp of America Holdings | 29,064 | 7,170,670 | ||||||
LifeStance Health Group * (A) | 234,480 | 1,746,876 | ||||||
Masimo * | 62,837 | 8,824,200 | ||||||
NextGen Healthcare * | 174,695 | 3,163,726 | ||||||
Omnicell * | 68,183 | 7,579,222 | ||||||
OptimizeRx * | 52,253 | 1,336,632 | ||||||
Pear Therapeutics * (A) | 197,083 | 754,828 | ||||||
Personalis * | 117,562 | 465,545 | ||||||
Phreesia * | 160,257 | 2,907,062 | ||||||
R1 RCM * | 319,424 | 6,858,033 | ||||||
ResMed | 340,244 | 7,122,079 | ||||||
Sharecare * (A) | 900,330 | 2,511,921 | ||||||
Signify Health, Cl A * (A) | 212,320 | 2,893,922 | ||||||
SmileDirectClub, Cl A * (A) | 364,288 | 513,646 | ||||||
Talkspace * (A) | 394,129 | 555,722 | ||||||
Tandem Diabetes Care * | 75,389 | 5,139,268 | ||||||
Teladoc Health * | 131,199 | 4,472,574 | ||||||
UnitedHealth Group | 14,320 | 7,113,890 | ||||||
Veracyte * | 228,013 | 4,008,469 | ||||||
146,096,321 | ||||||||
TOTAL UNITED STATES | 146,971,339 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $322,316,459) | 170,509,608 |
65
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Telemedicine & Digital Health ETF |
Shares/Face Amount | Value | |||||||
SHORT-TERM INVESTMENT(B)(C) — 3.2% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600% | ||||||||
(Cost $5,438,698) | 5,438,698 | $ | 5,438,698 | |||||
REPURCHASE AGREEMENT(B) — 3.0% | ||||||||
BNP Paribas | ||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $5,052,252 (collateralized by various U.S. Treasury Obligations, ranging in par value $88,505 - $595,325, 0.250% - 2.75%, 09/30/2025 - 02/15/2028, with a total market value of $5,115,505) | ||||||||
(Cost $5,052,149) | $ | 5,052,149 | 5,052,149 | |||||
TOTAL INVESTMENTS — 106.0% | ||||||||
(Cost $332,807,306) | $ | 181,000,455 |
Percentages are based on Net Assets of $170,833,346.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $9,795,363. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $10,490,847. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022. |
Cl — Class
66
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Telemedicine & Digital Health ETF |
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 170,509,608 | $ | — | $ | — | $ | 170,509,608 | ||||||||
Short-Term Investment | 5,438,698 | — | — | 5,438,698 | ||||||||||||
Repurchase Agreement | — | 5,052,149 | — | 5,052,149 | ||||||||||||
Total Investments in Securities | $ | 175,948,306 | $ | 5,052,149 | $ | — | $ | 181,000,455 |
Amounts designated as “—“ are $0 or have been rounded to $0.
67
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Aging Population ETF |
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
AUSTRALIA — 0.8% | ||||||||
Health Care — 0.8% | ||||||||
Cochlear | 2,418 | $ | 386,753 | |||||
BELGIUM — 1.5% | ||||||||
Health Care — 1.2% | ||||||||
UCB | 7,158 | 630,003 | ||||||
Real Estate — 0.3% | ||||||||
Aedifica ‡ | 1,352 | 156,419 | ||||||
TOTAL BELGIUM | 786,422 | |||||||
CANADA — 0.6% | ||||||||
Health Care — 0.6% | ||||||||
Chartwell Retirement Residences | 16,418 | 161,084 | ||||||
Sienna Senior Living | 13,788 | 148,143 | ||||||
TOTAL CANADA | 309,227 | |||||||
CHINA — 3.5% | ||||||||
Health Care — 3.5% | ||||||||
AK Medical Holdings | 265,789 | 157,870 | ||||||
BeiGene ADR * | 3,775 | 518,006 | ||||||
Beijing Chunlizhengda Medical Instruments, Cl H | 140,916 | 154,646 | ||||||
Hansoh Pharmaceutical Group | 217,643 | 392,257 | ||||||
Lifetech Scientific * | 497,192 | 153,361 | ||||||
Luye Pharma Group * | 469,424 | 147,190 | ||||||
Microport Scientific * | 73,902 | 146,381 | ||||||
Venus MedTech Hangzhou, Cl H * | 87,040 | 150,215 | ||||||
TOTAL CHINA | 1,819,926 |
68
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Aging Population ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
DENMARK — 5.8% | ||||||||
Health Care — 5.8% | ||||||||
Demant * | 8,826 | $ | 387,737 | |||||
Genmab * | 2,419 | 735,980 | ||||||
GN Store Nord | 5,254 | 206,909 | ||||||
Novo Nordisk, Cl B | 14,929 | 1,650,263 | ||||||
TOTAL DENMARK | 2,980,889 | |||||||
FRANCE — 0.6% | ||||||||
Health Care — 0.6% | ||||||||
Korian | 7,948 | 165,943 | ||||||
Orpea * | 4,403 | 121,974 | ||||||
TOTAL FRANCE | 287,917 | |||||||
GERMANY — 1.3% | ||||||||
Health Care — 1.3% | ||||||||
Fresenius Medical Care & KGaA | 10,782 | 654,204 | ||||||
IRELAND — 0.1% | ||||||||
Health Care — 0.1% | ||||||||
Amarin ADR * | 46,424 | 67,315 | ||||||
ITALY — 0.6% | ||||||||
Health Care — 0.6% | ||||||||
Amplifon | 8,321 | 285,778 | ||||||
JAPAN — 7.3% | ||||||||
Health Care — 7.3% | ||||||||
Astellas Pharma | 67,578 | 1,083,444 | ||||||
Chugai Pharmaceutical | 52,336 | 1,435,279 | ||||||
Kissei Pharmaceutical | 8,753 | 171,597 | ||||||
Nipro | 20,508 | 163,241 | ||||||
Terumo | 27,952 | 906,058 | ||||||
TOTAL JAPAN | 3,759,619 |
69
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Aging Population ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
NEW ZEALAND — 0.3% | ||||||||
Health Care — 0.3% | ||||||||
Ryman Healthcare | 27,301 | $ | 177,715 | |||||
SOUTH KOREA — 1.3% | ||||||||
Health Care — 1.3% | ||||||||
Celltrion | 5,076 | 658,501 | ||||||
SPAIN — 0.3% | ||||||||
Health Care — 0.3% | ||||||||
Pharma Mar | 2,082 | 161,254 | ||||||
SWEDEN — 0.3% | ||||||||
Health Care — 0.3% | ||||||||
Elekta, Cl B | 22,023 | 171,076 | ||||||
SWITZERLAND — 6.2% | ||||||||
Health Care — 6.2% | ||||||||
Alcon | 21,856 | 1,637,119 | ||||||
Sonova Holding | 2,325 | 822,258 | ||||||
Straumann Holding | 5,860 | 745,529 | ||||||
TOTAL SWITZERLAND | 3,204,906 | |||||||
UNITED KINGDOM — 4.3% | ||||||||
Health Care — 4.3% | ||||||||
AstraZeneca ADR | 25,010 | 1,662,665 | ||||||
Smith & Nephew | 32,148 | 523,875 | ||||||
TOTAL UNITED KINGDOM | 2,186,540 | |||||||
UNITED STATES — 65.1% | ||||||||
Health Care — 58.6% | ||||||||
AbbVie | 10,228 | 1,507,300 | ||||||
ABIOMED * | 1,674 | 441,434 | ||||||
ACADIA Pharmaceuticals * | 6,293 | 101,632 | ||||||
Aerie Pharmaceuticals * | 19,885 | 103,004 | ||||||
agilon health * | 14,742 | 281,572 |
70
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Aging Population ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Agios Pharmaceuticals * | 5,718 | $ | 111,329 | |||||
Alector * | 12,173 | 107,853 | ||||||
Alphatec Holdings * | 13,335 | 102,413 | ||||||
Amedisys * | 1,220 | 141,410 | ||||||
Amgen | 6,911 | 1,774,330 | ||||||
AngioDynamics * | 7,960 | 156,255 | ||||||
Biogen * | 5,410 | 1,082,000 | ||||||
Blueprint Medicines * | 2,453 | 134,915 | ||||||
Boston Scientific * | 38,752 | 1,589,220 | ||||||
Bristol-Myers Squibb | 22,926 | 1,729,767 | ||||||
Brookdale Senior Living * | 25,366 | 144,586 | ||||||
Cano Health * | 30,650 | 157,848 | ||||||
CareMax * | 22,518 | 105,384 | ||||||
DaVita * | 3,540 | 345,115 | ||||||
Denali Therapeutics * | 5,127 | 124,535 | ||||||
Dexcom * | 3,379 | 1,006,739 | ||||||
Edwards Lifesciences * | 14,305 | 1,442,659 | ||||||
Eli Lilly | 5,648 | 1,770,309 | ||||||
Ensign Group | 2,019 | 163,882 | ||||||
Exact Sciences * | 6,402 | 318,884 | ||||||
Exelixis * | 11,731 | 215,029 | ||||||
FibroGen * | 13,463 | 132,476 | ||||||
Glaukos * | 2,835 | 115,753 | ||||||
Halozyme Therapeutics * | 5,055 | 232,429 | ||||||
Heron Therapeutics * | 27,244 | 89,905 | ||||||
Incyte * | 8,143 | 617,972 | ||||||
Inogen * | 5,209 | 133,767 | ||||||
Insulet * | 2,547 | 543,734 | ||||||
Integer Holdings * | 2,212 | 176,473 | ||||||
Johnson & Johnson | 9,479 | 1,701,765 | ||||||
LHC Group * | 1,162 | 193,659 | ||||||
LivaNova * | 2,150 | 146,351 | ||||||
MannKind * | 43,718 | 182,741 |
71
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Aging Population ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Medtronic | 15,463 | $ | 1,548,619 | |||||
Merit Medical Systems * | 2,622 | 160,965 | ||||||
National HealthCare | 2,435 | 171,156 | ||||||
Neurocrine Biosciences * | 3,500 | 327,215 | ||||||
Novocure * | 3,837 | 308,418 | ||||||
NuVasive * | 3,184 | 182,793 | ||||||
Pennant Group * | 9,392 | 179,669 | ||||||
Radius Health * | 19,104 | 120,928 | ||||||
Regeneron Pharmaceuticals * | 2,439 | 1,621,301 | ||||||
Roche Holding | 3,738 | 1,460,805 | ||||||
Seagen * | 6,730 | 913,126 | ||||||
Sight Sciences * | 14,399 | 123,687 | ||||||
Silk Road Medical * | 3,989 | 132,515 | ||||||
Stryker | 6,442 | 1,510,649 | ||||||
Teleflex | 1,725 | 496,352 | ||||||
Theravance Biopharma * | 17,636 | 154,844 | ||||||
United Therapeutics * | 1,658 | 381,904 | ||||||
Zimmer Biomet Holdings | 7,704 | 926,098 | ||||||
30,147,473 | ||||||||
Real Estate — 6.5% | ||||||||
Diversified Healthcare Trust ‡ | 59,304 | 134,620 | ||||||
LTC Properties ‡ | 4,605 | 178,398 | ||||||
National Health Investors ‡ | 3,042 | 179,934 | ||||||
Omega Healthcare Investors ‡ | 8,777 | 261,291 | ||||||
Sabra Health Care ‡ | 12,317 | 172,931 | ||||||
Ventas ‡ | 14,705 | 834,362 | ||||||
Welltower ‡ | 17,799 | 1,585,713 | ||||||
3,347,249 | ||||||||
TOTAL UNITED STATES | 33,494,722 |
72
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Aging Population ETF |
Value | ||||||||
COMMON STOCK — continued | ||||||||
TOTAL COMMON STOCK | ||||||||
(Cost $57,320,304) | $ | 51,392,764 | ||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $57,320,304) | $ | 51,392,764 |
Percentages are based on Net Assets of $51,457,132.
‡ | Real Estate Investment Trust |
* | Non-income producing security. |
ADR — American Depositary Receipt
Cl — Class
As of May 31, 2022, 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.
73
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Health & Wellness ETF |
Shares | Value | |||||||
COMMON STOCK — 99.8% | ||||||||
AUSTRALIA — 0.5% | ||||||||
Consumer Staples — 0.5% | ||||||||
Blackmores | 2,127 | $ | 110,956 | |||||
CANADA — 2.8% | ||||||||
Consumer Discretionary — 2.8% | ||||||||
Gildan Activewear | 21,022 | 662,147 | ||||||
CHINA — 10.2% | ||||||||
Consumer Discretionary — 10.2% | ||||||||
ANTA Sports Products | 64,944 | 740,865 | ||||||
Li Ning | 96,114 | 749,747 | ||||||
Topsports International Holdings | 686,370 | 509,164 | ||||||
Xtep International Holdings | 289,401 | 416,826 | ||||||
TOTAL CHINA | 2,416,602 | |||||||
FRANCE — 3.5% | ||||||||
Consumer Staples — 3.5% | ||||||||
Danone | 14,077 | 825,327 | ||||||
GERMANY — 6.0% | ||||||||
Consumer Discretionary — 6.0% | ||||||||
adidas | 3,520 | 695,561 | ||||||
Puma | 9,634 | 714,379 | ||||||
TOTAL GERMANY | 1,409,940 | |||||||
HONG KONG — 1.1% | ||||||||
Consumer Discretionary — 1.1% | ||||||||
Yue Yuen Industrial Holdings | 177,491 | 258,356 |
74
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Health & Wellness ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
IRELAND — 1.5% | ||||||||
Consumer Staples — 1.5% | ||||||||
Glanbia | 30,667 | $ | 355,787 | |||||
ITALY — 0.7% | ||||||||
Consumer Discretionary — 0.7% | ||||||||
Technogym | 22,090 | 170,380 | ||||||
JAPAN — 12.7% | ||||||||
Consumer Discretionary — 7.9% | ||||||||
ABC-Mart | 9,140 | 390,765 | ||||||
Asics | 20,888 | 362,083 | ||||||
Descente | 8,462 | 167,931 | ||||||
Goldwin | 5,235 | 322,292 | ||||||
Shimano | 3,527 | 624,686 | ||||||
1,867,757 | ||||||||
Consumer Staples — 4.0% | ||||||||
Ariake Japan | 3,633 | 138,237 | ||||||
Yakult Honsha | 14,761 | 813,522 | ||||||
951,759 | ||||||||
Health Care — 0.8% | ||||||||
Tsumura | 8,461 | 193,299 | ||||||
TOTAL JAPAN | 3,012,815 | |||||||
NETHERLANDS — 1.3% | ||||||||
Consumer Discretionary — 1.3% | ||||||||
Basic-Fit * | 7,258 | 304,007 | ||||||
SOUTH KOREA — 1.8% | ||||||||
Consumer Discretionary — 1.8% | ||||||||
Fila Holdings | 6,666 | 170,799 | ||||||
Hwaseung Enterprise | 6,617 | 84,504 | ||||||
Youngone | 4,869 | 183,001 | ||||||
TOTAL SOUTH KOREA | 438,304 |
75
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Health & Wellness ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
SWITZERLAND — 2.7% | ||||||||
Consumer Discretionary — 2.7% | ||||||||
On Holding, Cl A * | 30,617 | $ | 632,241 | |||||
TAIWAN — 7.4% | ||||||||
Consumer Discretionary — 7.4% | ||||||||
Feng TAY Enterprise | 97,381 | 637,464 | ||||||
Fulgent Sun International Holding | 20,165 | 105,949 | ||||||
Giant Manufacturing | 40,658 | 368,408 | ||||||
Merida Industry | 32,660 | 293,124 | ||||||
Pou Chen | 323,586 | 348,949 | ||||||
TOTAL TAIWAN | 1,753,894 | |||||||
UNITED KINGDOM — 4.6% | ||||||||
Consumer Discretionary — 4.6% | ||||||||
Frasers Group * | 54,094 | 471,088 | ||||||
JD Sports Fashion * | 407,225 | 629,473 | ||||||
TOTAL UNITED KINGDOM | 1,100,561 | |||||||
UNITED STATES — 43.0% | ||||||||
Consumer Discretionary — 24.9% | ||||||||
Beachbody * | 39,652 | 88,821 | ||||||
Clarus | 4,070 | 89,174 | ||||||
Columbia Sportswear | 7,131 | 554,649 | ||||||
Dick’s Sporting Goods | 6,222 | 505,413 | ||||||
F45 Training Holdings * | 10,377 | 65,998 | ||||||
Foot Locker | 10,566 | 348,467 | ||||||
Hibbett | 1,877 | 95,258 | ||||||
Lululemon Athletica * | 2,093 | 612,600 | ||||||
NIKE, Cl B | 6,064 | 720,706 | ||||||
Peloton Interactive, Cl A * | 31,113 | 434,337 | ||||||
Planet Fitness, Cl A * | 9,331 | 656,622 | ||||||
Shoe Carnival | 3,085 | 84,097 | ||||||
Skechers USA, Cl A * | 14,946 | 588,872 |
76
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Health & Wellness ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Under Armour, Cl A * | 20,744 | $ | 219,472 | |||||
VF | 13,969 | 704,876 | ||||||
WW International * | 8,080 | 57,287 | ||||||
Zumiez * | 2,178 | 71,460 | ||||||
5,898,109 | ||||||||
Consumer Staples — 13.6% | ||||||||
BellRing Brands * | 14,992 | 392,041 | ||||||
Calavo Growers | 2,055 | 69,973 | ||||||
Cal-Maine Foods | 4,852 | 231,586 | ||||||
Celsius Holdings * | 8,292 | 556,310 | ||||||
Hain Celestial Group * | 10,046 | 264,712 | ||||||
Herbalife Nutrition * | 12,082 | 263,267 | ||||||
Medifast | 1,264 | 210,772 | ||||||
Nu Skin Enterprises, Cl A | 5,475 | 255,409 | ||||||
Sanderson Farms | 2,459 | 490,570 | ||||||
Sprouts Farmers Market * | 12,198 | 330,444 | ||||||
USANA Health Sciences * | 2,124 | 149,381 | ||||||
3,214,465 | ||||||||
Health Care — 3.9% | ||||||||
Dexcom * | 1,519 | 452,571 | ||||||
Prestige Consumer Healthcare * | 5,521 | 308,182 | ||||||
Tivity Health * | 5,467 | 177,131 | ||||||
937,884 | ||||||||
Industrials — 0.6% | ||||||||
Healthcare Services Group | 8,115 | 139,334 | ||||||
TOTAL UNITED STATES | 10,189,792 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $31,286,051) | 23,641,109 | |||||||
TOTAL INVESTMENTS — 99.8% | ||||||||
(Cost $31,286,051) | $ | 23,641,109 |
77
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Health & Wellness ETF |
Percentages are based on Net Assets of $23,682,618.
* | Non-income producing security. |
Cl — Class
As of May 31, 2022, 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.
78
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X CleanTech ETF |
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
AUSTRALIA — 1.1% | ||||||||
Information Technology — 1.1% | ||||||||
Novonix * | 413,068 | $ | 1,211,925 | |||||
CANADA — 3.0% | ||||||||
Industrials — 1.6% | ||||||||
Ballard Power Systems * | 252,193 | 1,833,443 | ||||||
Information Technology — 1.4% | ||||||||
Canadian Solar * | 50,574 | 1,621,403 | ||||||
TOTAL CANADA | 3,454,846 | |||||||
CHINA — 16.4% | ||||||||
Industrials — 4.0% | ||||||||
China Everbright Environment Group | 5,209,400 | 3,134,053 | ||||||
Dongfang Electric, Cl H | 332,200 | 381,082 | ||||||
Xinjiang Goldwind Science & Technology, Cl H | 657,500 | 1,077,738 | ||||||
4,592,873 | ||||||||
Information Technology — 12.4% | ||||||||
Daqo New Energy ADR * | 62,333 | 3,048,084 | ||||||
Flat Glass Group, Cl H | 380,600 | 1,583,903 | ||||||
JinkoSolar Holding ADR * | 40,346 | 2,471,999 | ||||||
Xinyi Solar Holdings | 4,019,700 | 7,162,711 | ||||||
14,266,697 | ||||||||
TOTAL CHINA | 18,859,570 |
79
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X CleanTech ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
DENMARK — 5.5% | ||||||||
Industrials — 5.5% | ||||||||
Vestas Wind Systems | 245,927 | $ | 6,269,856 | |||||
GERMANY — 5.2% | ||||||||
Industrials — 4.0% | ||||||||
Nordex * | 135,472 | 1,595,641 | ||||||
Varta | 34,363 | 3,043,560 | ||||||
4,639,201 | ||||||||
Information Technology — 1.2% | ||||||||
SMA Solar Technology * | 29,321 | 1,387,069 | ||||||
TOTAL GERMANY | 6,026,270 | |||||||
NETHERLANDS — 1.7% | ||||||||
Industrials — 1.7% | ||||||||
Alfen Beheer BV * | 18,396 | 1,979,537 | ||||||
NORWAY — 1.7% | ||||||||
Industrials — 1.7% | ||||||||
NEL * | 1,236,398 | 1,923,508 | ||||||
SOUTH KOREA — 14.9% | ||||||||
Industrials — 3.0% | ||||||||
CS Wind | 35,715 | 1,651,227 | ||||||
Doosan Fuel Cell * | 55,520 | 1,750,145 | ||||||
3,401,372 | ||||||||
Information Technology — 7.5% | ||||||||
Samsung SDI | 18,606 | 8,647,308 | ||||||
Materials — 4.4% | ||||||||
Hanwha Solutions * | 162,188 | 5,119,174 | ||||||
TOTAL SOUTH KOREA | 17,167,854 |
80
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X CleanTech ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
SPAIN — 4.7% | ||||||||
Industrials — 4.7% | ||||||||
Siemens Gamesa Renewable Energy * | 282,017 | $ | 5,425,902 | |||||
SWITZERLAND — 1.2% | ||||||||
Information Technology — 1.2% | ||||||||
Landis+Gyr Group | 24,368 | 1,419,804 | ||||||
TAIWAN — 2.3% | ||||||||
Information Technology — 2.3% | ||||||||
Simplo Technology | 162,464 | 1,679,214 | ||||||
United Renewable Energy * | 1,384,600 | 1,016,089 | ||||||
TOTAL TAIWAN | 2,695,303 | |||||||
UNITED KINGDOM — 6.5% | ||||||||
Industrials — 2.9% | ||||||||
Ceres Power Holdings * | 161,239 | 1,361,507 | ||||||
ITM Power * | 521,289 | 1,936,126 | ||||||
3,297,633 | ||||||||
Materials — 3.6% | ||||||||
Johnson Matthey | 158,538 | 4,215,905 | ||||||
TOTAL UNITED KINGDOM | 7,513,538 | |||||||
UNITED STATES — 35.7% | ||||||||
Consumer Discretionary — 3.2% | ||||||||
QuantumScape, Cl A * | 284,283 | 3,635,980 | ||||||
Industrials — 13.0% | ||||||||
Ameresco, Cl A * | 28,673 | 1,683,679 | ||||||
Array Technologies * | 113,572 | 1,258,378 | ||||||
Bloom Energy, Cl A * | 137,117 | 2,402,290 | ||||||
Fluence Energy, Cl A * | 46,029 | 451,084 | ||||||
FuelCell Energy * | 311,750 | 1,278,175 | ||||||
Plug Power * | 294,287 | 5,438,424 | ||||||
Shoals Technologies Group, Cl A * | 88,114 | 1,374,578 |
81
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X CleanTech ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Stem * | 130,457 | $ | 1,127,148 | |||||
15,013,756 | ||||||||
Information Technology — 19.5% | ||||||||
Enphase Energy * | 42,634 | 7,938,024 | ||||||
First Solar * | 74,698 | 5,274,426 | ||||||
SolarEdge Technologies * | 24,177 | 6,595,244 | ||||||
SunPower, Cl A * | 146,434 | 2,587,489 | ||||||
22,395,183 | ||||||||
TOTAL UNITED STATES | 41,044,919 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $170,221,760) | 114,992,832 | |||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $170,221,760) | $ | 114,992,832 |
Percentages are based on Net Assets of $115,116,328.
* | Non-income producing security. |
ADR — American Depositary Receipt
Cl — Class
As of May 31, 2022, 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.
82
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X U.S. Infrastructure Development ETF |
Shares | Value | |||||||
COMMON STOCK — 100.0% | ||||||||
Consumer Discretionary — 0.8% | ||||||||
TopBuild * | 165,029 | $ | 32,553,620 | |||||
Industrials — 68.1% | ||||||||
Acuity Brands | 174,206 | 30,489,534 | ||||||
Advanced Drainage Systems | 355,656 | 38,947,889 | ||||||
AECOM | 705,621 | 49,287,627 | ||||||
Altra Industrial Motion | 321,919 | 12,622,444 | ||||||
Arcosa | 276,447 | 14,615,753 | ||||||
Argan | 352,570 | 14,099,274 | ||||||
Astec Industries | 204,836 | 9,580,180 | ||||||
Atkore * | 231,178 | 25,179,908 | ||||||
Atlas Technical Consultants * | 1,706,583 | 13,959,849 | ||||||
Builders FirstSource * | 959,392 | 62,446,825 | ||||||
Carlisle | 261,206 | 66,458,643 | ||||||
Columbus McKinnon | 281,890 | 9,513,787 | ||||||
Construction Partners, Cl A * | 575,107 | 13,221,710 | ||||||
Crane Holdings | 291,537 | 27,888,429 | ||||||
CSW Industrials | 114,327 | 12,132,381 | ||||||
CSX | 3,915,076 | 124,460,266 | ||||||
Custom Truck One Source * (A) | 1,788,655 | 10,660,384 |
83
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X U.S. Infrastructure Development ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Deere | 366,498 | $ | 131,125,654 | |||||
DXP Enterprises * | 520,031 | 15,954,551 | ||||||
Dycom Industries * | 167,682 | 15,612,871 | ||||||
Eaton | 831,559 | 115,254,077 | ||||||
EMCOR Group | 266,292 | 28,128,424 | ||||||
Emerson Electric | 1,432,463 | 127,002,170 | ||||||
Exponent | 258,754 | 23,388,774 | ||||||
Fastenal | 2,363,419 | 126,584,722 | ||||||
Fortive | 1,861,437 | 114,980,963 | ||||||
Gibraltar Industries * | 233,273 | 9,741,480 | ||||||
Gorman-Rupp | 327,919 | 9,768,707 | ||||||
Graco | 851,811 | 53,919,636 | ||||||
Granite Construction | 366,195 | 11,956,267 | ||||||
Greenbrier | 349,205 | 14,530,420 | ||||||
H&E Equipment Services | 319,542 | 11,391,672 | ||||||
Herc Holdings | 147,752 | 17,319,489 | ||||||
Howmet Aerospace | 2,138,996 | 76,511,887 | ||||||
Hubbell, Cl B | 271,748 | 51,594,075 | ||||||
IDEX | 381,153 | 73,009,857 | ||||||
Insteel Industries | 330,798 | 13,698,345 | ||||||
Jacobs Engineering Group | 645,332 | 90,404,560 | ||||||
Lincoln Electric Holdings | 294,801 | 40,039,872 | ||||||
MasTec * | 370,787 | 30,994,085 | ||||||
MDU Resources Group | 1,014,488 | 27,776,681 | ||||||
MRC Global * | 1,770,359 | 19,810,317 | ||||||
Mueller Industries | 283,178 | 15,249,135 | ||||||
Mueller Water Products, Cl A | 1,017,788 | 12,142,211 | ||||||
MYR Group * | 147,332 | 13,497,085 | ||||||
Norfolk Southern | 482,911 | 115,734,450 | ||||||
Northwest Pipe * | 471,011 | 15,736,478 | ||||||
NOW * | 1,500,151 | 16,561,667 | ||||||
Parker-Hannifin | 426,268 | 116,017,362 | ||||||
Pentair | 826,202 | 41,450,554 |
84
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X U.S. Infrastructure Development ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Powell Industries | 512,962 | $ | 13,788,419 | |||||
Primoris Services | 524,375 | 12,731,825 | ||||||
Quanta Services | 713,151 | 84,864,969 | ||||||
RBC Bearings * | 144,015 | 26,842,956 | ||||||
Regal Rexnord | 339,628 | 42,436,519 | ||||||
Rockwell Automation | 425,190 | 90,650,508 | ||||||
SPX * | 254,266 | 12,797,208 | ||||||
Sterling Infrastructure * | 516,888 | 12,720,614 | ||||||
Terex | 343,433 | 12,154,094 | ||||||
Tetra Tech | 270,846 | 36,556,085 | ||||||
Titan Machinery * | 439,659 | 11,611,394 | ||||||
Trane Technologies | 762,892 | 105,324,870 | ||||||
Trinity Industries | 480,270 | 11,939,512 | ||||||
Tutor Perini * | 1,152,019 | 11,681,473 | ||||||
Union Pacific | 541,960 | 119,111,969 | ||||||
United Rentals * | 362,427 | 108,068,483 | ||||||
Valmont Industries | 105,599 | 27,112,543 | ||||||
Wabash National | 672,164 | 10,317,717 | ||||||
WESCO International * | 251,562 | 31,591,156 | ||||||
Willdan Group * | 428,852 | 11,424,617 | ||||||
Woodward | 314,760 | 31,982,764 | ||||||
Zurn Water Solutions | 599,485 | 17,277,158 | ||||||
2,975,440,234 | ||||||||
Information Technology — 2.5% | ||||||||
Badger Meter | 148,858 | 11,780,622 | ||||||
Calix * | 330,547 | 12,210,406 | ||||||
Trimble * | 1,256,173 | 85,482,573 | ||||||
109,473,601 | ||||||||
Materials — 24.9% | ||||||||
Alcoa | 937,015 | 57,832,566 | ||||||
Allegheny Technologies * | 679,009 | 18,672,748 | ||||||
Arconic * | 544,706 | 15,322,580 |
85
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X U.S. Infrastructure Development ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
Carpenter Technology | 456,681 | $ | 16,088,872 | |||||
Century Aluminum * | 830,659 | 9,801,776 | ||||||
Cleveland-Cliffs * | 2,505,338 | 58,073,735 | ||||||
Commercial Metals | 605,854 | 24,070,579 | ||||||
Eagle Materials | 202,898 | 26,490,363 | ||||||
Haynes International | 371,834 | 14,222,650 | ||||||
Louisiana-Pacific | 439,071 | 30,322,243 | ||||||
Martin Marietta Materials | 348,909 | 118,412,736 | ||||||
Minerals Technologies | 186,925 | 12,385,651 | ||||||
Nucor | 1,435,022 | 190,083,014 | ||||||
Reliance Steel & Aluminum | 312,988 | 60,844,867 | ||||||
RPM International | 647,732 | 57,065,189 | ||||||
Ryerson Holding | 631,778 | 19,041,789 | ||||||
Steel Dynamics | 994,020 | 84,869,428 | ||||||
Summit Materials, Cl A * | 597,669 | 16,322,340 | ||||||
TimkenSteel * | 997,716 | 23,047,240 | ||||||
United States Steel | 1,355,553 | 33,983,714 | ||||||
Vulcan Materials | 718,400 | 118,442,608 | ||||||
Westlake | 639,547 | 84,490,554 | ||||||
1,089,887,242 | ||||||||
Utilities — 3.7% | ||||||||
Sempra Energy | 989,774 | 162,184,368 | ||||||
TOTAL COMMON STOCK | ||||||||
(Cost $4,343,777,640) | 4,369,539,065 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 0.0% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600% | ||||||||
(Cost $1,638,469) | 1,638,469 | 1,638,469 |
86
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X U.S. Infrastructure Development ETF |
Face Amount | Value | |||||||
REPURCHASE AGREEMENT(B) — 0.0% | ||||||||
BNP Paribas | ||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $1,522,048 (collateralized by various U.S. Treasury Obligations, ranging in par value $26,663 - $179,348, 0.250% -2.750%, 09/30/2025 - 02/15/2028, with a total market value of $1,541,102) | ||||||||
(Cost $1,522,016) | $ | 1,522,016 | $ | 1,522,016 | ||||
TOTAL INVESTMENTS — 100.0% | ||||||||
(Cost $4,346,938,125) | $ | 4,372,699,550 |
Percentages are based on Net Assets of $4,373,901,924.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $3,062,844. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $3,160,485. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022. |
Cl — Class
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 4,369,539,065 | $ | — | $ | — | $ | 4,369,539,065 | ||||||||
Short-Term Investment | 1,638,469 | — | — | 1,638,469 | ||||||||||||
Repurchase Agreement | — | 1,522,016 | — | 1,522,016 | ||||||||||||
Total Investments in Securities | $ | 4,371,177,534 | $ | 1,522,016 | $ | — | $ | 4,372,699,550 |
Amounts designated as “—“ are $0 or have been rounded to $0.
87
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Thematic Growth ETF |
Shares | Value | |||||||
EXCHANGE TRADED FUNDS — 99.8% | ||||||||
Global X Cannabis ETF(A) | 1,293,239 | $ | 4,397,013 | |||||
Global X Cloud Computing ETF*(A) (B) | 654,259 | 11,685,066 | ||||||
Global X FinTech ETF(A) (B) | 446,577 | 11,311,795 | ||||||
Global X Genomics & Biotechnology ETF(A) | 468,508 | 5,622,096 | ||||||
Global X Lithium & Battery Tech ETF(A) | 291,059 | 21,424,853 | ||||||
Global X Renewable Energy Producers ETF(A) | 532,114 | 8,040,242 | ||||||
Global X Robotics & Artificial Intelligence ETF(A) | 257,408 | 6,139,181 | ||||||
Global X Social Media ETF*(A) | 308,214 | 11,218,990 | ||||||
TOTAL EXCHANGE TRADED FUNDS | ||||||||
(Cost $124,684,157) | 79,839,236 | |||||||
SHORT-TERM INVESTMENT(C)(D) — 4.2% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600% | ||||||||
(Cost $3,340,224) | 3,340,224 | 3,340,224 |
88
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Thematic Growth ETF |
Face Amount | Value | |||||||
REPURCHASE AGREEMENT(C) — 3.9% | ||||||||
BNP Paribas | ||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $3,102,885 (collateralized by various U.S. Treasury Obligations, ranging in par value $54,356 - $365,624, 0.250% - 2.750%, 09/30/2025 - 02/15/2028, with a total market value of $3,141,732) | ||||||||
(Cost $3,102,821) | $ | 3,102,821 | $ | 3,102,821 | ||||
TOTAL INVESTMENTS — 107.9% | ||||||||
(Cost $131,127,202) | $ | 86,282,281 |
Percentages are based on Net Assets of $79,976,746.
* | Non-income producing security. |
(A) | Affiliated investment. |
(B) | This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $5,891,717. |
(C) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $6,443,045. |
(D) | The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022. |
Cl — Class
ETF — Exchange Traded Fund
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Exchange Traded Funds | $ | 79,839,236 | $ | — | $ | — | $ | 79,839,236 | ||||||||
Short-Term Investment | 3,340,224 | — | — | 3,340,224 | ||||||||||||
Repurchase Agreement | — | 3,102,821 | — | 3,102,821 | ||||||||||||
Total Investments in Securities | $ | 83,179,460 | $ | 3,102,821 | $ | — | $ | 86,282,281 |
89
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Thematic Growth ETF |
The following is a summary of the transactions with affiliates for the period ended May 31, 2022:
Value at 11/30/21 | Purchases at Cost | Proceeds from Sales | Changes in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 5/31/22 | Shares | Dividend Income | Capital Gain | |||||||||||||||||||||||||||
Global X Cannabis ETF | $ | 6,346,511 | $ | 2,826,481 | $ | (588,317 | ) | $ | (4,092,488 | ) | $ | (95,174 | ) | $ | 4,397,013 | 1,293,239 | $ | 141,864 | $ | − | |||||||||||||||
Global X Cloud Computing ETF | 17,449,964 | 2,992,705 | (1,913,859 | ) | (6,551,456 | ) | (292,288 | ) | 11,685,066 | 654,259 | − | 306,532 | |||||||||||||||||||||||
Global X FinTech ETF | 16,833,127 | 4,174,630 | (1,410,966 | ) | (8,115,186 | ) | (169,810 | ) | 11,311,795 | 446,577 | 853,288 | − | |||||||||||||||||||||||
Global X Genomics & Biotechnology ETF | 23,960,245 | 3,905,681 | (14,288,398 | ) | (172,698 | ) | (7,782,734 | ) | 5,622,096 | 468,508 | 8,106 | − | |||||||||||||||||||||||
Global X Lithium & Battery Tech ETF | 10,545,810 | 15,709,389 | (1,738,529 | ) | (3,126,912 | ) | 35,095 | 21,424,853 | 291,059 | 17,902 | − | ||||||||||||||||||||||||
Global X Renewable Energy Producers ETF | 9,141,433 | 1,764,203 | (2,545,147 | ) | (230,119 | ) | (90,128 | ) | 8,040,242 | 532,114 | 43,647 | − | |||||||||||||||||||||||
Global X Robotics & Artificial Intelligence ETF | 9,418,697 | 1,696,138 | (1,656,214 | ) | (3,026,567 | ) | (292,873 | ) | 6,139,181 | 257,408 | − | − | |||||||||||||||||||||||
Global X Social Media ETF | 16,244,505 | 2,938,309 | (1,863,870 | ) | (5,686,219 | ) | (413,735 | ) | 11,218,990 | 308,214 | − | − | |||||||||||||||||||||||
Totals: | $ | 109,940,292 | $ | 36,007,536 | $ | (26,005,300 | ) | $ | (31,001,645 | ) | $ | (9,101,647 | ) | $ | 79,839,236 | 4,251,378 | $ | 1,064,807 | $ | 306,532 |
Amounts designated as “—“ are $0 or have been rounded to $0.
90
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X AgTech & Food Innovation ETF |
Shares | Value | |||||||
COMMON STOCK — 99.8% | ||||||||
AUSTRALIA — 4.1% | ||||||||
Materials — 4.1% | ||||||||
Nufarm | 63,630 | $ | 241,462 | |||||
CANADA — 13.0% | ||||||||
Consumer Staples — 0.8% | ||||||||
Maple Leaf Foods | 903 | 19,840 | ||||||
SunOpta * | 3,585 | 27,891 | ||||||
47,731 | ||||||||
Materials — 12.2% | ||||||||
Nutrien | 7,470 | 726,009 | ||||||
TOTAL CANADA | 773,740 | |||||||
CHINA — 9.8% | ||||||||
Consumer Staples — 9.8% | ||||||||
Cheng De Lolo, Cl A * | 212,680 | 291,984 | ||||||
Yuan Longping High-tech Agriculture, Cl A * | 107,300 | 287,390 | ||||||
TOTAL CHINA | 579,374 | |||||||
GERMANY — 2.2% | ||||||||
Health Care — 2.2% | ||||||||
Bayer | 1,868 | 133,233 | ||||||
91
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X AgTech & Food Innovation ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
ISRAEL — 0.3% | ||||||||
Materials — 0.3% | ||||||||
ICL Group | 1,603 | $ | 17,811 | |||||
PHILIPPINES — 0.4% | ||||||||
Consumer Staples — 0.4% | ||||||||
Monde Nissin * | 81,362 | 22,986 | ||||||
UNITED KINGDOM — 4.3% | ||||||||
Consumer Staples — 3.9% | ||||||||
Unilever | 4,769 | 229,897 | ||||||
Industrials — 0.4% | ||||||||
CNH Industrial | 1,837 | 27,427 | ||||||
TOTAL UNITED KINGDOM | 257,324 | |||||||
UNITED STATES — 65.7% | ||||||||
Consumer Discretionary — 3.3% | ||||||||
GrowGeneration * | 38,475 | 198,146 | ||||||
Consumer Staples — 30.8% | ||||||||
AppHarvest * | 48,121 | 152,062 | ||||||
Archer-Daniels-Midland | 1,063 | 96,542 | ||||||
Benson Hill * | 5,117 | 17,705 | ||||||
Beyond Meat * | 18,688 | 494,298 | ||||||
Hain Celestial Group * | 591 | 15,573 | ||||||
Ingredion | 228 | 21,589 | ||||||
Kellogg | 631 | 44,006 | ||||||
Oatly Group ADR * | 182,075 | 751,970 | ||||||
Sprouts Farmers Market * | 633 | 17,148 | ||||||
Tattooed Chef * | 30,072 | 217,721 | ||||||
1,828,614 | ||||||||
Industrials — 16.4% | ||||||||
AGCO | 144 | 18,451 | ||||||
Deere | 638 | 228,263 | ||||||
Hydrofarm Holdings Group * | 20,554 | 141,617 |
92
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X AgTech & Food Innovation ETF |
Shares/Face Amount | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Lindsay | 2,135 | $ | 269,010 | |||||
Titan Machinery * | 12,112 | 319,878 | ||||||
977,219 | ||||||||
Materials — 15.2% | ||||||||
Corteva | 13,714 | 858,771 | ||||||
FMC | 233 | 28,561 | ||||||
Scotts Miracle-Gro, Cl A | 181 | 17,126 | ||||||
904,458 | ||||||||
TOTAL UNITED STATES | 3,908,437 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $7,622,049) | 5,934,367 | |||||||
U.S. TREASURY OBLIGATION — 9.3% | ||||||||
U.S Treasury Bill | ||||||||
0.495%, 06/02/22(A) | ||||||||
(Cost $549,993) | $ | 550,000 | 549,994 | |||||
TOTAL INVESTMENTS — 109.1% | ||||||||
(Cost $8,172,042) | $ | 6,484,361 |
Percentages are based on Net Assets of $5,944,814.
* | Non-income producing security. |
(A) | Interest rate represents the security’s effective yield at the time of purchase. |
ADR — American Depositary Receipt
Cl — Class
93
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X AgTech & Food Innovation ETF |
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 5,934,367 | $ | — | $ | — | $ | 5,934,367 | ||||||||
U.S. Treasury Obligation | — | 549,994 | — | 549,994 | ||||||||||||
Total Investments in Securities | $ | 5,934,367 | $ | 549,994 | $ | — | $ | 6,484,361 |
Amounts designated as “—“ are $0 or have been rounded to $0.
94
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Blockchain ETF |
Shares | Value | |||||||
COMMON STOCK — 100.1% | ||||||||
CANADA — 19.3% | ||||||||
Financials — 4.8% | ||||||||
Voyager Digital * (A) | 1,214,105 | $ | 3,282,792 | |||||
Information Technology — 14.5% | ||||||||
BIGG Digital Assets * (A) | 2,944,158 | 1,117,283 | ||||||
Bitfarms * (A) | 1,614,443 | 3,242,033 | ||||||
Hive Blockchain Technologies * (A) | 577,269 | 2,523,853 | ||||||
Hut 8 Mining * (A) | 1,144,498 | 2,958,855 | ||||||
9,842,024 | ||||||||
TOTAL CANADA | 13,124,816 | |||||||
CHINA — 13.5% | ||||||||
Industrials — 0.7% | ||||||||
SOS ADR * (A) | 1,336,590 | 513,250 | ||||||
Information Technology — 12.8% | ||||||||
Bit Digital * (A) | 483,819 | 861,198 | ||||||
BIT Mining ADR * (A) | 901,517 | 1,920,231 | ||||||
Canaan ADR * | 1,206,722 | 4,513,141 |
95
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Blockchain ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Ebang International Holdings, Cl A * | 1,727,425 | $ | 1,381,767 | |||||
8,676,337 | ||||||||
TOTAL CHINA | 9,189,587 | |||||||
GERMANY — 4.8% | ||||||||
Information Technology — 4.8% | ||||||||
Northern Data * (A) | 88,611 | 3,267,299 | ||||||
HONG KONG — 0.1% | ||||||||
Financials — 0.1% | ||||||||
EQONEX * (A) | 64,567 | 75,543 | ||||||
UNITED KINGDOM — 5.4% | ||||||||
Information Technology — 5.4% | ||||||||
Argo Blockchain * | 5,557,071 | 3,641,869 | ||||||
UNITED STATES — 57.0% | ||||||||
Consumer Discretionary — 2.7% | ||||||||
Overstock.com * | 58,734 | 1,820,167 | ||||||
Financials — 22.5% | ||||||||
Bakkt Holdings * (A) | 507,471 | 1,446,292 | ||||||
Block, Cl A * | 18,589 | 1,626,724 | ||||||
Coinbase Global, Cl A * (A) | 91,603 | 7,154,194 | ||||||
Galaxy Digital Holdings * | 788,318 | 5,067,024 | ||||||
15,294,234 | ||||||||
Information Technology — 31.8% | ||||||||
Cipher Mining * | 189,423 | 460,298 | ||||||
Cleanspark * | 528,307 | 3,111,728 | ||||||
GreenBox POS * (A) | 256,876 | 675,584 | ||||||
Marathon Digital Holdings * (A) | 635,613 | 6,502,321 | ||||||
NVIDIA | 10,612 | 1,981,473 | ||||||
PayPal Holdings * | 22,034 | 1,877,517 | ||||||
Riot Blockchain * | 901,383 | 6,480,944 |
96
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Blockchain ETF |
Shares/Face Amount | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Terawulf * (A) | 169,454 | $ | 540,558 | |||||
21,630,423 | ||||||||
TOTAL UNITED STATES | 38,744,824 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $168,024,294) | 68,043,938 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 15.8% | ||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600% | ||||||||
(Cost $10,720,721) | 10,720,721 | 10,720,721 | ||||||
REPURCHASE AGREEMENT(B) — 14.6% | ||||||||
BNP Paribas | ||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $9,948,150 (collateralized by various U.S. Treasury Obligations, ranging in par value $174,270 - $1,172,226, 0.250% - 2.75%, 09/30/2025 - 02/15/2028, with a total market value of $10,072,697) | ||||||||
(Cost $9,947,946) | $ | 9,947,946 | 9,947,946 | |||||
TOTAL INVESTMENTS — 130.5% | ||||||||
(Cost $188,692,961) | $ | 88,712,605 |
Percentages are based on Net Assets of $68,004,001.
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $19,359,921. |
(B) | Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $20,668,667. |
(C) | The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022. |
97
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Blockchain ETF |
ADR — American Depositary Receipt
Cl — Class
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 68,043,938 | $ | — | $ | — | $ | 68,043,938 | ||||||||
Short-Term Investment | 10,720,721 | — | — | 10,720,721 | ||||||||||||
Repurchase Agreement | — | 9,947,946 | — | 9,947,946 | ||||||||||||
Total Investments in Securities | $ | 78,764,659 | $ | 9,947,946 | $ | — | $ | 88,712,605 |
Amounts designated as “—“ are $0 or have been rounded to $0.
98
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Clean Water ETF |
Shares | Value | |||||||
COMMON STOCK — 99.8% | ||||||||
BRAZIL — 3.0% | ||||||||
Utilities — 3.0% | ||||||||
Cia de Saneamento Basico do Estado de Sao Paulo * | 16,809 | $ | 162,393 | |||||
Cia de Saneamento de Minas Gerais-COPASA | 9,615 | 27,332 | ||||||
TOTAL BRAZIL | 189,725 | |||||||
CHILE — 0.4% | ||||||||
Utilities — 0.4% | ||||||||
Aguas Andinas, Cl A | 129,766 | 27,233 | ||||||
CHINA — 7.9% | ||||||||
Industrials — 1.6% | ||||||||
Beijing Originwater Technology, Cl A | 114,300 | 83,508 | ||||||
WPG Shanghai Smart Water, Cl A | 12,300 | 19,354 | ||||||
102,862 | ||||||||
Utilities — 6.3% | ||||||||
Beijing Capital Eco-Environment Protection Group, Cl A | 166,900 | 72,963 | ||||||
Beijing Enterprises Water Group | 190,040 | 62,979 | ||||||
Chengdu Xingrong Environment, Cl A | 58,300 | 45,911 | ||||||
China Water Affairs Group | 39,700 | 39,520 |
99
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Clean Water ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Utilities — continued | ||||||||
Guangdong Investment | 137,600 | $ | 173,632 | |||||
395,005 | ||||||||
TOTAL CHINA | 497,867 | |||||||
JAPAN — 3.9% | ||||||||
Industrials — 3.9% | ||||||||
Kurita Water Industries | 4,807 | 186,272 | ||||||
METAWATER | 1,137 | 17,906 | ||||||
Nomura Micro Science | 558 | 18,239 | ||||||
Organo | 275 | 20,971 | ||||||
TOTAL JAPAN | 243,388 | |||||||
SAUDI ARABIA — 0.4% | ||||||||
Utilities — 0.4% | ||||||||
AlKhorayef Water & Power Technologies | 722 | 23,293 | ||||||
SINGAPORE — 1.3% | ||||||||
Utilities — 1.3% | ||||||||
Keppel Infrastructure Trust | 198,651 | 81,872 | ||||||
SOUTH KOREA — 2.4% | ||||||||
Consumer Discretionary — 2.4% | ||||||||
Coway | 2,640 | 152,570 | ||||||
UNITED KINGDOM — 13.4% | ||||||||
Utilities — 13.4% | ||||||||
Pennon Group | 13,165 | 166,085 | ||||||
Severn Trent | 7,921 | 291,000 | ||||||
United Utilities Group | 29,296 | 390,633 | ||||||
TOTAL UNITED KINGDOM | 847,718 | |||||||
UNITED STATES — 67.1% | ||||||||
Energy — 0.5% | ||||||||
Select Energy Services, Cl A * | 3,688 | 31,237 | ||||||
Industrials — 33.2% | ||||||||
Advanced Drainage Systems | 2,660 | 291,297 |
100
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Clean Water ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
AO Smith | 4,329 | $ | 260,259 | |||||
Energy Recovery * | 2,275 | 45,978 | ||||||
Evoqua Water Technologies * | 5,792 | 206,137 | ||||||
Franklin Electric | 1,899 | 139,994 | ||||||
Mueller Water Products, Cl A | 7,470 | 89,117 | ||||||
Pentair | 5,264 | 264,095 | ||||||
Reliance Worldwide | 36,111 | 101,545 | ||||||
Watts Water Technologies, Cl A | 1,335 | 174,658 | ||||||
Xylem | 6,171 | 519,907 | ||||||
2,092,987 | ||||||||
Information Technology — 1.8% | ||||||||
Badger Meter | 1,418 | 112,221 | ||||||
Materials — 7.8% | ||||||||
Ecolab | 2,986 | 489,435 | ||||||
Utilities — 23.8% | ||||||||
American States Water | 1,792 | 142,016 | ||||||
American Water Works | 3,684 | 557,205 | ||||||
California Water Service Group | 2,555 | 137,127 | ||||||
Essential Utilities | 11,029 | 510,202 | ||||||
Middlesex Water | 838 | 71,255 | ||||||
SJW Group | 1,337 | 82,693 | ||||||
1,500,498 | ||||||||
TOTAL UNITED STATES | 4,226,378 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $7,363,065) | 6,290,044 | |||||||
TOTAL INVESTMENTS — 99.8% | ||||||||
(Cost $7,363,065) | $ | 6,290,044 |
Percentages are based on Net Assets of $6,299,844.
101
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Clean Water ETF |
* | Non-income producing security. |
Cl — Class
As of May 31, 2022, 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.
102
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Hydrogen ETF |
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
CANADA — 7.9% | ||||||||
Industrials — 7.9% | ||||||||
Ballard Power Systems * | 333,428 | $ | 2,424,022 | |||||
NFI Group | 10,142 | 97,022 | ||||||
TOTAL CANADA | 2,521,044 | |||||||
FRANCE — 5.0% | ||||||||
Consumer Discretionary — 0.4% | ||||||||
Cie Plastic Omnium | 7,234 | 135,072 | ||||||
Industrials — 4.6% | ||||||||
McPhy Energy * | 89,449 | 1,470,870 | ||||||
TOTAL FRANCE | 1,605,942 | |||||||
GERMANY — 5.2% | ||||||||
Industrials — 5.2% | ||||||||
SFC Energy * | 62,450 | 1,675,832 | ||||||
JAPAN — 2.3% | ||||||||
Consumer Discretionary — 2.3% | ||||||||
Toyota Motor | 45,824 | 756,045 | ||||||
NORWAY — 13.0% | ||||||||
Industrials — 13.0% | ||||||||
NEL * | 2,676,492 | 4,163,913 | ||||||
103
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Hydrogen ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
SOUTH KOREA — 5.4% | ||||||||
Industrials — 5.4% | ||||||||
Doosan Fuel Cell * | 55,516 | $ | 1,750,019 | |||||
SWEDEN — 7.3% | ||||||||
Industrials — 7.3% | ||||||||
Cell Impact * | 726,917 | 1,101,114 | ||||||
PowerCell Sweden * | 81,923 | 1,248,064 | ||||||
TOTAL SWEDEN | 2,349,178 | |||||||
UNITED KINGDOM — 15.3% | ||||||||
Industrials — 12.8% | ||||||||
AFC Energy * | 3,480,478 | 1,210,662 | ||||||
Ceres Power Holdings * | 177,151 | 1,495,868 | ||||||
ITM Power * | 377,066 | 1,400,466 | ||||||
4,106,996 | ||||||||
Materials — 2.5% | ||||||||
Linde | 2,437 | 791,245 | ||||||
TOTAL UNITED KINGDOM | 4,898,241 | |||||||
UNITED STATES — 38.5% | ||||||||
Industrials — 36.1% | ||||||||
Advent Technologies Holdings * | 49,868 | 67,821 | ||||||
Bloom Energy, Cl A * | 207,972 | 3,643,669 | ||||||
Chart Industries * | 1,097 | 192,940 | ||||||
Cummins | 3,963 | 828,743 | ||||||
FuelCell Energy * | 332,471 | 1,363,131 | ||||||
Hyster-Yale Materials Handling | 3,621 | 133,796 | ||||||
Hyzon Motors * | 367,525 | 1,786,172 | ||||||
Lightning eMotors * | 24,828 | 99,560 | ||||||
Nikola * | 14,535 | 102,617 | ||||||
Plug Power * | 181,170 | 3,348,022 | ||||||
11,566,471 |
104
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Hydrogen ETF |
Shares/Face Amount | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — 2.4% | ||||||||
Air Products & Chemicals | 3,145 | $ | 774,173 | |||||
TOTAL UNITED STATES | 12,340,644 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $42,524,091) | 32,060,858 | |||||||
U.S. TREASURY OBLIGATION — 9.0% | ||||||||
U.S Treasury Bill | ||||||||
0.495%, 06/02/22(A) | ||||||||
(Cost $2,899,960) | $ | 2,900,000 | 2,899,968 | |||||
TOTAL INVESTMENTS — 108.9% | ||||||||
(Cost $45,424,051) | $ | 34,960,826 |
Percentages are based on Net Assets of $32,088,948.
* | Non-income producing security. |
(A) | Interest rate represents the security’s effective yield at the time of purchase. |
Cl — Class
The following is a summary of the level of inputs used as of May 31, 2022, in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 32,060,858 | $ | — | $ | — | $ | 32,060,858 | ||||||||
U.S. Treasury Obligation | — | 2,899,968 | — | 2,899,968 | ||||||||||||
Total Investments in Securities | $ | 32,060,858 | $ | 2,899,968 | $ | — | $ | 34,960,826 |
105
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Solar ETF |
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
CANADA — 0.9% | ||||||||
Information Technology — 0.9% | ||||||||
Canadian Solar * | 2,466 | $ | 79,060 | |||||
CHINA — 60.6% | ||||||||
Industrials — 9.8% | ||||||||
Ginlong Technologies, Cl A | 7,650 | 193,558 | ||||||
ReneSola ADR * | 4,479 | 21,365 | ||||||
Sineng Electric, Cl A | 8,100 | 43,523 | ||||||
Sungrow Power Supply, Cl A | 47,800 | 572,220 | ||||||
830,666 | ||||||||
Information Technology — 48.7% | ||||||||
Daqo New Energy ADR * | 3,989 | 195,062 | ||||||
Flat Glass Group, Cl H * | 22,600 | 94,052 | ||||||
GCL Technology Holdings * | 1,106,000 | 397,540 | ||||||
Hangzhou First Applied Material, Cl A | 25,200 | 299,333 | ||||||
JA Solar Technology, Cl A | 32,300 | 452,628 | ||||||
Jiangsu Akcome Science & Technology, Cl A * | 187,300 | 95,061 | ||||||
JinkoSolar Holding ADR * | 2,271 | 139,144 | ||||||
LONGi Green Energy Technology, Cl A | 62,900 | 745,827 | ||||||
Risen Energy, Cl A * | 29,500 | 117,260 | ||||||
Shenzhen SC New Energy Technology, Cl A | 10,300 | 109,332 | ||||||
Tianjin Zhonghuan Semiconductor, Cl A | 97,600 | 637,087 | ||||||
Trina Solar, Cl A | 48,053 | 461,868 |
106
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Solar ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Xinyi Solar Holdings | 209,600 | $ | 373,487 | |||||
4,117,681 | ||||||||
Utilities — 2.1% | ||||||||
CECEP Solar Energy, Cl A * | 93,200 | 106,185 | ||||||
GCL New Energy Holdings * | 1,230,900 | 24,632 | ||||||
Xinyi Energy Holdings | 83,000 | 45,702 | ||||||
176,519 | ||||||||
TOTAL CHINA | 5,124,866 | |||||||
GERMANY — 1.9% | ||||||||
Information Technology — 0.3% | ||||||||
SMA Solar Technology * | 547 | 25,877 | ||||||
Utilities — 1.6% | ||||||||
Encavis | 6,357 | 137,492 | ||||||
TOTAL GERMANY | 163,369 | |||||||
INDIA — 0.6% | ||||||||
Utilities — 0.6% | ||||||||
Azure Power Global * | 3,276 | 48,681 | ||||||
JAPAN — 0.7% | ||||||||
Industrials — 0.2% | ||||||||
gremz | 1,710 | 20,191 | ||||||
Utilities — 0.5% | ||||||||
West Holdings | 1,145 | 41,298 | ||||||
TOTAL JAPAN | 61,489 | |||||||
SOUTH AFRICA — 0.7% | ||||||||
Utilities — 0.7% | ||||||||
Scatec | 5,945 | 60,078 | ||||||
SOUTH KOREA — 2.3% | ||||||||
Materials — 2.3% | ||||||||
Hanwha Solutions * | 6,055 | 191,115 |
107
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Solar ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
SPAIN — 2.4% | ||||||||
Utilities — 2.4% | ||||||||
Atlantica Sustainable Infrastructure | 3,368 | $ | 109,965 | |||||
Solaria Energia y Medio Ambiente * | 3,889 | 90,321 | ||||||
TOTAL SPAIN | 200,286 | |||||||
SWITZERLAND — 0.7% | ||||||||
Information Technology — 0.7% | ||||||||
Meyer Burger Technology * | 125,818 | 58,909 | ||||||
TAIWAN — 2.0% | ||||||||
Information Technology — 2.0% | ||||||||
Anji Technology | 11,000 | 19,972 | ||||||
Gigastorage * | 28,030 | 21,729 | ||||||
Motech Industries | 21,400 | 21,750 | ||||||
Tainergy Tech * | 26,700 | 22,446 | ||||||
TSEC * | 22,400 | 28,671 | ||||||
United Renewable Energy * | 75,918 | 55,712 | ||||||
TOTAL TAIWAN | 170,280 | |||||||
THAILAND — 0.3% | ||||||||
Utilities — 0.3% | ||||||||
Sermsang Power NVDR | 81,251 | 23,506 | ||||||
UNITED STATES — 26.8% | ||||||||
Industrials — 5.7% | ||||||||
Array Technologies * | 7,519 | 83,310 | ||||||
Beam Global * | 971 | 13,876 | ||||||
FTC Solar * | 6,782 | 27,467 | ||||||
Heliogen * | 7,115 | 27,535 | ||||||
Shoals Technologies Group, Cl A * | 3,221 | 50,248 | ||||||
Sunrun * | 10,773 | 281,391 | ||||||
483,827 | ||||||||
Information Technology — 19.8% | ||||||||
Enphase Energy * | 3,460 | 644,217 |
108
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Solar ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
First Solar * | 4,747 | $ | 335,186 | |||||
Maxeon Solar Technologies * | 1,755 | 20,990 | ||||||
SolarEdge Technologies * | 2,192 | 597,956 | ||||||
SunPower, Cl A * | 4,302 | 76,016 | ||||||
1,674,365 | ||||||||
Utilities — 1.3% | ||||||||
Sunnova Energy International * | 5,218 | 104,360 | ||||||
TOTAL UNITED STATES | 2,262,552 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $7,402,436) | 8,444,191 | |||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $7,402,436) | $ | 8,444,191 |
Percentages are based on Net Assets of $8,454,942.
* | Non-income producing security. |
ADR — American Depositary Receipt
Cl — Class
NVDR — Non-Voting Depositary Receipt
As of May 31, 2022, 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.
109
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Wind Energy ETF |
Shares | Value | |||||||
COMMON STOCK — 99.9% | ||||||||
BRAZIL — 2.6% | ||||||||
Industrials — 0.3% | ||||||||
Aeris Industria E Comercio De Equipamentos Para Geracao De Energia | 15,400 | $ | 11,570 | |||||
Utilities — 2.3% | ||||||||
Omega Energia * | 37,300 | 85,012 | ||||||
TOTAL BRAZIL | 96,582 | |||||||
CANADA — 17.6% | ||||||||
Utilities — 17.6% | ||||||||
Boralex, Cl A | 5,604 | 171,064 | ||||||
Innergex Renewable Energy | 9,832 | 132,612 | ||||||
Northland Power | 11,924 | 361,627 | ||||||
TOTAL CANADA | 665,303 | |||||||
CHINA — 32.1% | ||||||||
Industrials — 14.5% | ||||||||
Jinlei Technology, Cl A * | 17,400 | 85,445 | ||||||
Ming Yang Smart Energy Group, Cl A | 47,700 | 181,748 | ||||||
Riyue Heavy Industry, Cl A | 23,400 | 75,076 | ||||||
Titan Wind Energy Suzhou, Cl A | 57,300 | 117,012 | ||||||
Xinjiang Goldwind Science & Technology, Cl H | 54,200 | 88,842 | ||||||
548,123 | ||||||||
Utilities — 17.6% | ||||||||
CECEP Wind-Power, Cl A | 264,400 | 182,088 |
110
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Wind Energy ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Utilities — continued | ||||||||
China Datang Renewable Power, Cl H | 166,000 | $ | 57,763 | |||||
China Longyuan Power Group, Cl H | 196,600 | 422,491 | ||||||
662,342 | ||||||||
TOTAL CHINA | 1,210,465 | |||||||
DENMARK — 22.9% | ||||||||
Industrials — 10.9% | ||||||||
Vestas Wind Systems | 16,086 | 410,109 | ||||||
Utilities — 12.0% | ||||||||
Orsted | 4,024 | 454,376 | ||||||
TOTAL DENMARK | 864,485 | |||||||
GERMANY — 2.1% | ||||||||
Industrials — 2.1% | ||||||||
Nordex * | 6,898 | 81,247 | ||||||
GREECE — 1.9% | ||||||||
Utilities — 1.9% | ||||||||
Terna Energy | 3,699 | 71,286 | ||||||
HONG KONG — 1.7% | ||||||||
Industrials — 0.4% | ||||||||
China High Speed Transmission Equipment Group * | 28,300 | 16,160 | ||||||
Utilities — 1.3% | ||||||||
Concord New Energy Group | 480,000 | 47,721 | ||||||
TOTAL HONG KONG | 63,881 | |||||||
INDIA — 2.2% | ||||||||
Utilities — 2.2% | ||||||||
ReNew Energy Global, Cl A * | 11,984 | 83,888 | ||||||
NORWAY — 0.3% | ||||||||
Industrials — 0.3% | ||||||||
Aker Offshore Wind * | 36,237 | 10,446 | ||||||
111
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Wind Energy ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
SOUTH KOREA — 2.5% | ||||||||
Industrials — 2.5% | ||||||||
CS Wind | 1,674 | $ | 77,395 | |||||
Unison * | 7,326 | 15,455 | ||||||
TOTAL SOUTH KOREA | 92,850 | |||||||
SPAIN — 9.5% | ||||||||
Industrials — 5.5% | ||||||||
Siemens Gamesa Renewable Energy * | 10,889 | 209,500 | ||||||
Utilities — 4.0% | ||||||||
ACCIONA Energias Renovables | 3,848 | 149,965 | ||||||
TOTAL SPAIN | 359,465 | |||||||
SWEDEN — 1.7% | ||||||||
Industrials — 1.7% | ||||||||
Eolus Vind, Cl B | 1,397 | 13,808 | ||||||
OX2 * | 5,600 | 50,656 | ||||||
TOTAL SWEDEN | 64,464 | |||||||
TAIWAN — 1.3% | ||||||||
Materials — 1.3% | ||||||||
Century Iron & Steel Industrial | 12,000 | 47,959 | ||||||
UNITED STATES — 1.5% | ||||||||
Industrials — 1.5% | ||||||||
Infrastructure and Energy Alternatives * | 3,006 | 24,439 | ||||||
TPI Composites * | 2,493 | 34,378 | ||||||
TOTAL UNITED STATES | 58,817 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $4,418,863) | 3,771,138 | |||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $4,418,863) | $ | 3,771,138 |
Percentages are based on Net Assets of $3,775,601.
112
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Wind Energy ETF |
* | Non-income producing security. |
Cl — Class
As of May 31, 2022, 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.
113
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Green Building ETF |
Shares | Value | |||||||
COMMON STOCK — 99.7% | ||||||||
AUSTRALIA — 1.7% | ||||||||
Real Estate — 1.7% | ||||||||
Vicinity Centres ‡ | 30,269 | $ | 41,038 | |||||
AUSTRIA — 0.6% | ||||||||
Industrials — 0.6% | ||||||||
Immobilien Anlagen | 430 | 14,326 | ||||||
BRAZIL — 0.3% | ||||||||
Financials — 0.3% | ||||||||
BR Properties | 4,150 | 7,724 | ||||||
CANADA — 0.3% | ||||||||
Real Estate — 0.3% | ||||||||
Dream Office ‡ | 340 | 6,258 | ||||||
CHINA — 8.7% | ||||||||
Real Estate — 8.7% | ||||||||
China Jinmao Holdings Group | 91,040 | 24,601 | ||||||
China Overseas Grand Oceans Group | 15,460 | 7,882 | ||||||
China Overseas Land & Investment | 34,450 | 100,115 | ||||||
China Vanke, Cl H | 21,170 | 46,843 | ||||||
CIFI Holdings Group | 44,360 | 19,281 | ||||||
SOHO China * | 42,300 | 8,033 | ||||||
TOTAL CHINA | 206,755 |
114
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Green Building ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
FINLAND — 4.4% | ||||||||
Industrials — 4.1% | ||||||||
Kone, Cl B | 1,920 | $ | 97,657 | |||||
Real Estate — 0.3% | ||||||||
Citycon | 1,000 | 8,002 | ||||||
TOTAL FINLAND | 105,659 | |||||||
FRANCE — 11.6% | ||||||||
Industrials — 3.9% | ||||||||
Legrand | 1,066 | 91,996 | ||||||
Real Estate — 7.7% | ||||||||
Covivio ‡ | 675 | 49,098 | ||||||
Gecina ‡ | 730 | 85,552 | ||||||
Klepierre ‡ | 1,872 | 42,554 | ||||||
Mercialys ‡ | 760 | 7,531 | ||||||
184,735 | ||||||||
TOTAL FRANCE | 276,731 | |||||||
GUERNSEY — 0.4% | ||||||||
Real Estate — 0.4% | ||||||||
BMO Commercial Property Trust | 6,950 | 10,301 | ||||||
HONG KONG — 4.5% | ||||||||
Real Estate — 4.5% | ||||||||
Hang Lung Properties | 17,110 | 31,971 | ||||||
Hongkong Land Holdings | 11,220 | 52,061 | ||||||
Swire Properties | 9,860 | 24,130 | ||||||
TOTAL HONG KONG | 108,162 | |||||||
JAPAN — 23.9% | ||||||||
Real Estate — 23.9% | ||||||||
Activia Properties ‡ | 6 | 19,146 | ||||||
Advance Logistics Investment ‡ | 6 | 7,644 | ||||||
AEON Investment ‡ | 15 | 17,968 |
115
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Green Building ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Real Estate — continued | ||||||||
CRE Logistics ‡ | 5 | $ | 8,045 | |||||
Fukuoka ‡ | 6 | 7,845 | ||||||
GLP J-Reit ‡ | 39 | 50,234 | ||||||
Industrial & Infrastructure Fund Investment ‡ | 19 | 28,121 | ||||||
Japan Metropolitan Fund Invest ‡ | 61 | 51,637 | ||||||
Japan Prime Realty Investment ‡ | 8 | 25,528 | ||||||
Japan Real Estate Investment ‡ | 12 | 59,606 | ||||||
Kenedix Retail ‡ | 5 | 10,809 | ||||||
LaSalle Logiport ‡ | 18 | 25,619 | ||||||
Nippon Building Fund ‡ | 14 | 76,179 | ||||||
Nippon Prologis ‡ | 21 | 55,991 | ||||||
Nomura Real Estate Master Fund ‡ | 39 | 50,870 | ||||||
Orix JREIT ‡ | 26 | 37,632 | ||||||
SOSiLA Logistics ‡ | 6 | 7,183 | ||||||
United Urban Investment ‡ | 26 | 29,063 | ||||||
TOTAL JAPAN | 569,120 | |||||||
NETHERLANDS — 1.3% | ||||||||
Real Estate — 1.3% | ||||||||
CTP | 1,020 | 14,314 | ||||||
Eurocommercial Properties ‡ | 430 | 11,028 | ||||||
Wereldhave ‡ | 390 | 6,530 | ||||||
TOTAL NETHERLANDS | 31,872 | |||||||
ROMANIA — 1.4% | ||||||||
Real Estate — 1.4% | ||||||||
NEPI Rockcastle | 5,414 | 34,119 | ||||||
SINGAPORE — 8.3% | ||||||||
Real Estate — 8.3% | ||||||||
CapitaLand Integrated Commercial Trust ‡ | 53,210 | 85,002 | ||||||
CDL Hospitality Trusts ‡ | 534 | 487 | ||||||
City Developments | 3,360 | 20,245 | ||||||
Frasers Centrepoint Trust ‡ | 9,060 | 15,465 |
116
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Green Building ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Real Estate — continued | ||||||||
Frasers Logistics & Commercial Trust ‡ | 23,590 | $ | 23,402 | |||||
Keppel ‡ | 15,280 | 12,818 | ||||||
Lendlease Global Commercial ‡ | 13,260 | 7,931 | ||||||
Mapletree Commercial Trust ‡ | 19,190 | 24,917 | ||||||
Prime US ‡ | 10,170 | 7,272 | ||||||
TOTAL SINGAPORE | 197,539 | |||||||
SPAIN — 2.2% | ||||||||
Real Estate — 2.2% | ||||||||
Inmobiliaria Colonial Socimi ‡ | 2,360 | 19,328 | ||||||
Merlin Properties Socimi ‡ | 2,820 | 31,810 | ||||||
TOTAL SPAIN | 51,138 | |||||||
SWEDEN — 2.7% | ||||||||
Industrials — 0.6% | ||||||||
Lindab International | 740 | 14,295 | ||||||
Real Estate — 2.1% | ||||||||
Atrium Ljungberg, Cl B | 370 | 6,214 | ||||||
Fabege | 2,437 | 31,261 | ||||||
Hufvudstaden, Cl A | 990 | 13,559 | ||||||
51,034 | ||||||||
TOTAL SWEDEN | 65,329 | |||||||
SWITZERLAND — 1.7% | ||||||||
Industrials — 1.7% | ||||||||
Belimo Holding | 98 | 39,157 | ||||||
UNITED KINGDOM — 5.8% | ||||||||
Consumer Discretionary — 2.5% | ||||||||
Berkeley Group Holdings * | 1,141 | 60,396 | ||||||
Real Estate — 3.3% | ||||||||
Hammerson ‡ | 36,550 | 12,663 |
117
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Green Building ETF |
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Real Estate — continued | ||||||||
Land Securities Group ‡ | 6,825 | $ | 65,957 | |||||
78,620 | ||||||||
TOTAL UNITED KINGDOM | 139,016 | |||||||
UNITED STATES — 19.9% | ||||||||
Consumer Discretionary — 2.0% | ||||||||
M/I Homes * | 290 | 13,558 | ||||||
Meritage Homes * | 407 | 34,721 | ||||||
48,279 | ||||||||
Industrials — 3.6% | ||||||||
Carrier Global | 2,182 | 85,774 | ||||||
Real Estate — 14.3% | ||||||||
Boston Properties ‡ | 792 | 88,055 | ||||||
Brandywine Realty Trust ‡ | 1,453 | 16,201 | ||||||
Cousins Properties ‡ | 1,286 | 44,431 | ||||||
Douglas Emmett ‡ | 1,453 | 41,076 | ||||||
Franklin Street Properties ‡ | 1,300 | 5,876 | ||||||
Hudson Pacific Properties ‡ | 1,136 | 22,618 | ||||||
Kilroy Realty ‡ | 897 | 54,448 | ||||||
Piedmont Office Realty Trust, Cl A ‡ | 1,150 | 16,951 | ||||||
Vornado Realty Trust ‡ | 1,446 | 50,552 | ||||||
340,208 | ||||||||
TOTAL UNITED STATES | 474,261 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $2,545,048) | 2,378,505 | |||||||
TOTAL INVESTMENTS — 99.7% | ||||||||
(Cost $2,545,048) | $ | 2,378,505 |
Percentages are based on Net Assets of $2,385,646.
‡ | Real Estate Investment Trust |
* | Non-income producing security. |
Cl — Class
118
Schedule of Investments | May 31, 2022 (Unaudited) | |
Global X Green Building ETF |
As of May 31, 2022, 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.
119
Statements of Assets and Liabilities | ||
May 31, 2022 (Unaudited) |
Global X Robotics & Artificial Intelligence ETF | Global X Internet of Things ETF | Global X FinTech ETF | Global X Video Games & Esports ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 1,898,670,638 | $ | 331,505,752 | $ | 962,562,229 | $ | 387,630,934 | ||||||||
Cost of Repurchase Agreement | 27,986,515 | 2,155,488 | 29,885,649 | 7,601,889 | ||||||||||||
Cost of Foreign Currency | 1,233 | 297 | 430 | 707 | ||||||||||||
Investments, at Value | $ | 1,612,540,957 | * | $ | 342,600,762 | * | $ | 726,693,576 | * | $ | 271,756,354 | * | ||||
Repurchase Agreement, at Value | 27,986,515 | 2,155,488 | 29,885,649 | 7,601,889 | ||||||||||||
Cash | — | ��� | 285,535 | — | ||||||||||||
Foreign Currency, at Value | 1,234 | 297 | 439 | 706 | ||||||||||||
Reclaim Receivable | 4,877,028 | 181,247 | 182,029 | — | ||||||||||||
Receivable for Investment Securities Sold | 4,702,159 | — | — | — | ||||||||||||
Dividend, Interest, and Securities Lending Income Receivable | 3,055,396 | 467,385 | 523,391 | 819,518 | ||||||||||||
Unrealized Appreciation on Spot Contracts | — | — | 7 | — | ||||||||||||
Receivable for Capital Shares Sold | — | — | 3,545,146 | — | ||||||||||||
Total Assets | 1,653,163,289 | 345,405,179 | 761,115,772 | 280,178,467 | ||||||||||||
Liabilities: | ||||||||||||||||
Obligation to Return Securities Lending Collateral | 58,114,332 | 4,475,896 | 62,085,698 | 15,853,619 | ||||||||||||
Payable for Capital Shares Redeemed | 4,715,267 | — | — | — | ||||||||||||
Payable due to Investment Adviser | 899,091 | 193,655 | 389,070 | 108,598 | ||||||||||||
Payable for Investment Securities Purchased | — | — | 3,539,356 | — | ||||||||||||
Cash Overdraft | 5,310,564 | 103,220 | — | 492,297 | ||||||||||||
Custodian Fees Payable | 12,526 | 49 | — | 388 | ||||||||||||
Total Liabilities | 69,051,780 | 4,772,820 | 66,014,124 | 16,454,902 | ||||||||||||
Net Assets | $ | 1,584,111,509 | $ | 340,632,359 | $ | 695,101,648 | $ | 263,723,565 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 2,006,283,690 | $ | 308,103,015 | $ | 1,010,355,282 | $ | 415,200,135 | ||||||||
Total Distributable Earnings/(Loss) | (422,172,181 | ) | 32,529,344 | (315,253,634 | ) | (151,476,570 | ) | |||||||||
Net Assets | $ | 1,584,111,509 | $ | 340,632,359 | $ | 695,101,648 | $ | 263,723,565 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 66,370,000 | 11,560,000 | 27,450,000 | 11,350,000 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 23.87 | $ | 29.47 | $ | 25.32 | $ | 23.24 | ||||||||
*Includes Market Value of Securities on Loan | $ | 55,632,870 | $ | 3,413,459 | $ | 61,072,350 | $ | 13,031,065 |
120
Statements of Assets and Liabilities | ||
May 31, 2022 (Unaudited) |
Global X Autonomous & Electric Vehicles ETF | Global X Cloud Computing ETF | Global X Data Center REITs & Digital Infrastructure ETF | Global X Cybersecurity ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 1,296,751,374 | $ | 1,114,868,360 | $ | 97,193,279 | $ | 1,358,369,477 | ||||||||
Cost of Repurchase Agreement | 32,958,024 | — | — | — | ||||||||||||
Cost of Foreign Currency | 212,962 | — | 1 | — | ||||||||||||
Investments, at Value | $ | 1,092,175,712 | * | $ | 709,589,338 | $ | 90,693,656 | $ | 1,147,930,773 | |||||||
Repurchase Agreement, at Value | 32,958,024 | — | — | — | ||||||||||||
Cash | — | 798,227 | — | 423,984 | ||||||||||||
Foreign Currency, at Value | 208,464 | — | 1 | — | ||||||||||||
Dividend, Interest, and Securities Lending Income Receivable | 1,836,450 | 86,479 | 207,382 | 85,660 | ||||||||||||
Reclaim Receivable | 219,253 | — | — | 1,722 | ||||||||||||
Unrealized Appreciation on Spot Contracts | 4,523 | — | — | — | ||||||||||||
Receivable for Investment Securities Sold | — | 5,953,680 | — | 7,732,752 | ||||||||||||
Total Assets | 1,127,402,426 | 716,427,724 | 90,901,039 | 1,156,174,891 | ||||||||||||
Liabilities: | ||||||||||||||||
Obligation to Return Securities Lending Collateral | 68,903,783 | — | — | — | ||||||||||||
Payable due to Investment Adviser | 593,621 | 421,397 | 33,844 | 494,986 | ||||||||||||
Payable for Capital Shares Redeemed | — | 5,815,089 | — | 7,643,033 | ||||||||||||
Cash Overdraft | 749,147 | — | 8,181,098 | — | ||||||||||||
Custodian Fees Payable | 431 | 14 | 75 | 827 | ||||||||||||
Total Liabilities | 70,246,982 | 6,236,500 | 8,215,017 | 8,138,846 | ||||||||||||
Net Assets | $ | 1,057,155,444 | $ | 710,191,224 | $ | 82,686,022 | $ | 1,148,036,045 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 1,220,641,354 | $ | 1,149,046,930 | $ | 87,038,406 | $ | 1,382,527,622 | ||||||||
Total Distributable Loss | (163,485,910 | ) | (438,855,706 | ) | (4,352,384 | ) | (234,491,577 | ) | ||||||||
Net Assets | $ | 1,057,155,444 | $ | 710,191,224 | $ | 82,686,022 | $ | 1,148,036,045 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 42,390,002 | 39,800,000 | 5,260,000 | 43,560,000 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 24.94 | $ | 17.84 | $ | 15.72 | $ | 26.36 | ||||||||
*Includes Market Value of Securities on Loan | $ | 64,798,120 | $ | — | $ | — | $ | — |
121
Statements of Assets and Liabilities | ||
May 31, 2022 (Unaudited) |
Global X Artificial Intelligence & Technology ETF | Global X Metaverse ETF | Global X Millennial Consumer ETF | Global X Education ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 193,493,618 | $ | 2,426,070 | $ | 173,043,885 | $ | 10,481,009 | ||||||||
Cost of Repurchase Agreement | 1,081,641 | — | 120,982 | — | ||||||||||||
Cost of Foreign Currency | (651 | ) | — | — | 1 | |||||||||||
Investments, at Value | $ | 152,725,295 | * | $ | 2,350,165 | $ | 121,274,816 | * | $ | 4,016,022 | ||||||
Repurchase Agreement, at Value | 1,081,641 | — | 120,982 | — | ||||||||||||
Cash | 138,043 | 4,055 | 124,625 | 3,028 | ||||||||||||
Foreign Currency, at Value | — | — | — | 1 | ||||||||||||
Receivable for Investment Securities Sold | 1,567,389 | 444,466 | — | — | ||||||||||||
Dividend, Interest, and Securities Lending Income Receivable | 186,768 | 566 | 20,436 | 7,296 | ||||||||||||
Reclaim Receivable | 23,786 | — | — | — | ||||||||||||
Total Assets | 155,722,922 | 2,799,252 | 121,540,859 | 4,026,347 | ||||||||||||
Liabilities: | ||||||||||||||||
Obligation to Return Securities Lending Collateral | 2,246,041 | — | 251,220 | — | ||||||||||||
Payable for Capital Shares Redeemed | 1,593,044 | — | — | — | ||||||||||||
Payable due to Investment Adviser | 88,909 | 980 | 54,568 | 1,669 | ||||||||||||
Overdraft of Foreign Currency | 654 | — | — | — | ||||||||||||
Payable for Investment Securities Purchased | — | 444,152 | — | — | ||||||||||||
Custodian Fees Payable | — | 2 | 25 | 17 | ||||||||||||
Total Liabilities | 3,928,648 | 445,134 | 305,813 | 1,686 | ||||||||||||
Net Assets | $ | 151,794,274 | $ | 2,354,118 | $ | 121,235,046 | $ | 4,024,661 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 194,325,027 | $ | 2,410,000 | $ | 163,800,789 | $ | 12,450,336 | ||||||||
Total Distributable Loss | (42,530,753 | ) | (55,882 | ) | (42,565,743 | ) | (8,425,675 | ) | ||||||||
Net Assets | $ | 151,794,274 | $ | 2,354,118 | $ | 121,235,046 | $ | 4,024,661 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 6,670,002 | 100,000 | 4,110,000 | 610,000 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 22.76 | $ | 23.54 | $ | 29.50 | $ | 6.60 | ||||||||
*Includes Market Value of Securities on Loan | $ | 2,209,114 | $ | — | $ | 244,110 | $ | — |
122
Statements of Assets and Liabilities | ||
May 31, 2022 (Unaudited) |
Global X Cannabis ETF | Global X Genomics & Biotechnology ETF | Global X China Biotech Innovation ETF | Global X Telemedicine & Digital Health ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 181,904,585 | $ | 276,293,552 | $ | 3,705,418 | $ | 327,755,157 | ||||||||
Cost of Repurchase Agreement | 9,338,332 | 3,480,701 | — | 5,052,149 | ||||||||||||
Cost of Foreign Currency | — | 2 | — | 11 | ||||||||||||
Investments, at Value | $ | 70,956,002 | * | $ | 174,935,512 | * | $ | 2,641,385 | $ | 175,948,306 | * | |||||
Repurchase Agreement, at Value | 9,338,332 | 3,480,701 | — | 5,052,149 | ||||||||||||
Cash | — | — | 4,382 | 368,044 | ||||||||||||
Foreign Currency, at Value | — | 2 | — | 11 | ||||||||||||
Dividend, Interest, and Securities Lending Income Receivable | 199,611 | 32,552 | 2,651 | 45,098 | ||||||||||||
Receivable for Investment Securities Sold | 85,814 | — | — | — | ||||||||||||
Receivable for Capital Shares Sold | — | 2,359,321 | — | — | ||||||||||||
Reclaim Receivable | — | — | — | 10,799 | ||||||||||||
Total Assets | 80,579,759 | 180,808,088 | 2,648,418 | 181,424,407 | ||||||||||||
Liabilities: | ||||||||||||||||
Obligation to Return Securities Lending Collateral | 19,621,932 | 7,227,717 | — | 10,490,847 | ||||||||||||
Payable for Investment Securities Purchased | 38,099 | 2,268,348 | — | — | ||||||||||||
Payable due to Investment Adviser | 27,744 | 64,389 | 1,437 | 100,204 | ||||||||||||
Unrealized Depreciation on Spot Contracts | 33 | — | — | — | ||||||||||||
Cash Overdraft | 188,720 | 22,316 | — | — | ||||||||||||
Custodian Fees Payable | 99 | 18 | — | 10 | ||||||||||||
Total Liabilities | 19,876,627 | 9,582,788 | 1,437 | 10,591,061 | ||||||||||||
Net Assets | $ | 60,703,132 | $ | 171,225,300 | $ | 2,646,981 | $ | 170,833,346 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 298,429,490 | $ | 304,516,200 | $ | 4,641,506 | $ | 363,385,111 | ||||||||
Total Distributable Loss | (237,726,358 | ) | (133,290,900 | ) | (1,994,525 | ) | (192,551,765 | ) | ||||||||
Net Assets | $ | 60,703,132 | $ | 171,225,300 | $ | 2,646,981 | $ | 170,833,346 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 17,790,000 | 14,290,000 | 270,000 | 14,320,000 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 3.41 | $ | 11.98 | $ | 9.80 | $ | 11.93 | ||||||||
*Includes Market Value of Securities on Loan | $ | 17,831,556 | $ | 6,799,127 | $ | — | $ | 9,795,363 |
123
Statements of Assets and Liabilities | ||
May 31, 2022 (Unaudited) |
Global X Aging Population ETF | Global X Health & Wellness ETF | Global X CleanTech ETF | Global X U.S. Infrastructure Development ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 57,320,304 | $ | 31,286,051 | $ | 170,221,760 | $ | 4,345,416,109 | ||||||||
Cost of Repurchase Agreement | — | — | — | 1,522,016 | ||||||||||||
Cost of Foreign Currency | (1,460 | ) | 6,922 | 3 | — | |||||||||||
Investments, at Value | $ | 51,392,764 | $ | 23,641,109 | $ | 114,992,832 | $ | 4,371,177,534 | * | |||||||
Repurchase Agreement, at Value | — | — | — | 1,522,016 | ||||||||||||
Cash | 2,295 | 3,865 | 50,107 | 8,799,971 | ||||||||||||
Foreign Currency, at Value | — | 6,841 | 3 | — | ||||||||||||
Dividend, Interest, and Securities Lending Income Receivable | 47,125 | 28,125 | 99,599 | 5,512,235 | ||||||||||||
Reclaim Receivable | 37,958 | 13,374 | 19,337 | — | ||||||||||||
Unrealized Appreciation on Spot Contracts | — | 90 | — | — | ||||||||||||
Receivable for Investment Securities Sold | — | 1,291,615 | — | — | ||||||||||||
Total Assets | 51,480,142 | 24,985,019 | 115,161,878 | 4,387,011,756 | ||||||||||||
Liabilities: | ||||||||||||||||
Obligation to Return Securities Lending Collateral | — | — | — | 3,160,485 | ||||||||||||
Payable due to Investment Adviser | 21,550 | 10,583 | 45,550 | 1,753,759 | ||||||||||||
Payable for Investment Securities Purchased | — | — | — | 8,195,588 | ||||||||||||
Payable for Capital Shares Redeemed | — | 1,291,814 | — | — | ||||||||||||
Overdraft of Foreign Currency | 1,460 | — | — | — | ||||||||||||
Custodian Fees Payable | — | 4 | — | — | ||||||||||||
Total Liabilities | 23,010 | 1,302,401 | 45,550 | 13,109,832 | ||||||||||||
Net Assets | $ | 51,457,132 | $ | 23,682,618 | $ | 115,116,328 | $ | 4,373,901,924 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 56,478,093 | $ | 33,122,055 | $ | 193,697,552 | $ | 4,173,980,106 | ||||||||
Total Distributable Earnings/(Loss) | (5,020,961 | ) | (9,439,437 | ) | (78,581,224 | ) | 199,921,818 | |||||||||
Net Assets | $ | 51,457,132 | $ | 23,682,618 | $ | 115,116,328 | $ | 4,373,901,924 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 1,970,000 | 1,100,000 | 7,780,000 | 169,440,000 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 26.12 | $ | 21.53 | $ | 14.80 | $ | 25.81 | ||||||||
*Includes Market Value of Securities on Loan | $ | — | $ | — | $ | — | $ | 3,062,844 |
124
Statements of Assets and Liabilities | ||
May 31, 2022 (Unaudited) |
Global X Thematic Growth ETF | Global X AgTech & Food Innovation ETF | Global X Blockchain ETF | Global X Clean Water ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 3,340,224 | $ | 8,172,042 | $ | 178,745,015 | $ | 7,363,065 | ||||||||
Cost of Repurchase Agreement | 3,102,821 | — | 9,947,946 | — | ||||||||||||
Cost of Affiliated Investments | 124,684,157 | — | — | — | ||||||||||||
Cost of Foreign Currency | — | 84 | 67 | 2,634 | ||||||||||||
Investments, at Value | $ | 3,340,224 | * | $ | 6,484,361 | $ | 78,764,659 | * | $ | 6,290,044 | ||||||
Repurchase Agreement, at Value | 3,102,821 | — | 9,947,946 | — | ||||||||||||
Affiliated Investments, at Value | 79,839,236 | — | — | — | ||||||||||||
Cash | 104,900 | — | — | — | ||||||||||||
Foreign Currency, at Value | — | 85 | 67 | 2,649 | ||||||||||||
Dividend, Interest, and Securities Lending Income Receivable | 21,579 | 8,323 | 77,932 | 14,323 | ||||||||||||
Receivable for Investment Securities Sold | — | — | 326,663 | — | ||||||||||||
Reclaim Receivable | — | 2,165 | — | 484 | ||||||||||||
Receivable due from Investment Adviser | 11,031 | — | — | — | ||||||||||||
Total Assets | 86,419,791 | 6,494,934 | 89,117,267 | 6,307,500 | ||||||||||||
Liabilities: | ||||||||||||||||
Obligation to Return Securities Lending Collateral | 6,443,045 | — | 20,668,667 | — | ||||||||||||
Payable due to Investment Adviser | — | 2,487 | 29,134 | 2,642 | ||||||||||||
Unrealized Depreciation on Spot Contracts | — | — | — | 17 | ||||||||||||
Cash Overdraft | — | 547,633 | 414,687 | 4,995 | ||||||||||||
Custodian Fees Payable | — | — | 778 | 2 | ||||||||||||
Total Liabilities | 6,443,045 | 550,120 | 21,113,266 | 7,656 | ||||||||||||
Net Assets | $ | 79,976,746 | $ | 5,944,814 | $ | 68,004,001 | $ | 6,299,844 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 136,695,093 | $ | 7,469,823 | $ | 201,189,447 | $ | 7,428,111 | ||||||||
Total Distributable Loss | (56,718,347 | ) | (1,525,009 | ) | (133,185,446 | ) | (1,128,267 | ) | ||||||||
Net Assets | $ | 79,976,746 | $ | 5,944,814 | $ | 68,004,001 | $ | 6,299,844 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 2,540,000 | 330,000 | 8,040,000 | 450,000 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 31.49 | $ | 18.01 | $ | 8.46 | $ | 14.00 | ||||||||
*Includes Market Value of Securities on Loan | $ | 5,891,717 | $ | — | $ | 19,359,921 | $ | — |
125
Statements of Assets and Liabilities | ||
May 31, 2022 (Unaudited) |
Global X Hydrogen ETF | Global X Solar ETF | Global X Wind Energy ETF | Global X Green Building ETF | |||||||||||||
Assets: | ||||||||||||||||
Cost of Investments | $ | 45,424,051 | $ | 7,402,436 | $ | 4,418,863 | $ | 2,545,048 | ||||||||
Cost of Foreign Currency | 9,017 | 25,101 | 2,615 | 1,123 | ||||||||||||
Investments, at Value | $ | 34,960,826 | $ | 8,444,191 | $ | 3,771,138 | $ | 2,378,505 | ||||||||
Cash | — | — | 1,023 | 629 | ||||||||||||
Foreign Currency, at Value | 8,910 | 25,525 | 2,628 | 1,124 | ||||||||||||
Dividend, Interest, and Securities Lending Income Receivable | 6,914 | 3,111 | 1,422 | 4,943 | ||||||||||||
Reclaim Receivable | 664 | 232 | 900 | 1,343 | ||||||||||||
Unrealized Appreciation on Spot Contracts | 118 | — | — | 2 | ||||||||||||
Total Assets | 34,977,432 | 8,473,059 | 3,777,111 | 2,386,546 | ||||||||||||
Liabilities: | ||||||||||||||||
Payable due to Investment Adviser | 13,253 | 3,265 | 1,494 | — | ||||||||||||
Unrealized Depreciation on Spot Contracts | — | — | 15 | — | ||||||||||||
Cash Overdraft | 2,875,231 | 14,783 | — | — | ||||||||||||
Custodian Fees Payable | — | 69 | 1 | 900 | ||||||||||||
Total Liabilities | 2,888,484 | 18,117 | 1,510 | 900 | ||||||||||||
Net Assets | $ | 32,088,948 | $ | 8,454,942 | $ | 3,775,601 | $ | 2,385,646 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Paid-in Capital | $ | 50,178,417 | $ | 10,137,876 | $ | 4,767,391 | $ | 2,537,579 | ||||||||
Total Distributable Loss | (18,089,469 | ) | (1,682,934 | ) | (991,790 | ) | (151,933 | ) | ||||||||
Net Assets | $ | 32,088,948 | $ | 8,454,942 | $ | 3,775,601 | $ | 2,385,646 | ||||||||
Outstanding Shares of Beneficial Interest | ||||||||||||||||
(unlimited authorization — no par value) | 2,240,000 | 420,000 | 190,000 | 100,000 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share | $ | 14.33 | $ | 20.13 | $ | 19.87 | $ | 23.86 |
126
Statements of Operations | ||
For the period ended May 31, 2022 (Unaudited) |
Global X Robotics & Artificial Intelligence ETF | Global X Internet of Things ETF | Global X FinTech ETF | Global X Video Games & Esports ETF | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 10,749,794 | $ | 2,433,208 | $ | 3,073,519 | $ | 1,780,643 | ||||||||
Interest Income | 85 | 98 | 160 | — | ||||||||||||
Security Lending Income | 518,049 | 99,727 | 1,509,871 | 38,172 | ||||||||||||
Less: Foreign Taxes Withheld | (1,358,693 | ) | (115,512 | ) | (91,345 | ) | (197,130 | ) | ||||||||
Total Investment Income | 9,909,235 | 2,417,521 | 4,492,205 | 1,621,685 | ||||||||||||
Supervision and Administration Fees(1) | 7,127,493 | 1,470,399 | 3,064,732 | 859,883 | ||||||||||||
Custodian Fees(2) | 28,435 | 360 | 583 | 886 | ||||||||||||
Total Expenses | 7,155,928 | 1,470,759 | 3,065,315 | 860,769 | ||||||||||||
Net Investment Income | 2,753,307 | 946,762 | 1,426,890 | 760,916 | ||||||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(3) | 17,780,456 | 22,428,996 | 17,199,520 | (29,591,316 | ) | |||||||||||
Foreign Currency Transactions | (199,898 | ) | (4,312 | ) | 39,844 | �� | (58,935 | ) | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | 17,580,558 | 22,424,684 | 17,239,364 | (29,650,251 | ) | |||||||||||
Net Change in Unrealized Depreciation on: | ||||||||||||||||
Investments | (920,781,959 | ) | (130,860,418 | ) | (519,453,720 | ) | (58,760,383 | ) | ||||||||
Foreign Currency Translations | (277,425 | ) | (5,725 | ) | (6,309 | ) | (20,815 | ) | ||||||||
Net Change in Unrealized Depreciation on Investments and Foreign Currency Translations | (921,059,384 | ) | (130,866,143 | ) | (519,460,029 | ) | (58,781,198 | ) | ||||||||
Net Realized and Unrealized Loss on Investments and Foreign Currency Translations | (903,478,826 | ) | (108,441,459 | ) | (502,220,665 | ) | (88,431,449 | ) | ||||||||
Net Decrease in Net Assets Resulting from Operations | $ | (900,725,519 | ) | $ | (107,494,697 | ) | $ | (500,793,775 | ) | $ | (87,670,533 | ) |
(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 FinancialStatements.) |
127
Statements of Operations | ||
For the period ended May 31, 2022 (Unaudited) |
Global X Autonomous & Electric Vehicles ETF | Global X Cloud Computing ETF | Global X Data Center REITs & Digital Infrastructure ETF | Global X Cybersecurity ETF | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 8,655,585 | $ | 923,367 | $ | 727,425 | $ | 2,922,103 | ||||||||
Interest Income | 161 | 214 | 161 | 115 | ||||||||||||
Security Lending Income | 829,436 | 1,027 | — | — | ||||||||||||
Less: Foreign Taxes Withheld | (983,017 | ) | — | (15,475 | ) | (202,288 | ) | |||||||||
Total Investment Income | 8,502,165 | 924,608 | 712,111 | 2,719,930 | ||||||||||||
Supervision and Administration Fees(1) | 4,232,580 | 3,200,390 | 205,836 | 2,842,996 | ||||||||||||
Tax Expense | 2,855 | — | — | — | ||||||||||||
Custodian Fees(2) | 719 | 15 | 1,293 | 4,128 | ||||||||||||
Total Expenses | 4,236,154 | 3,200,405 | 207,129 | 2,847,124 | ||||||||||||
Net Investment Income (Loss) | 4,266,011 | (2,275,797 | ) | 504,982 | (127,194 | ) | ||||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(3) | 44,065,093 | (725,439 | ) | 1,901,557 | (12,445,620 | ) | ||||||||||
Foreign Currency Transactions | (76,564 | ) | — | (2,374 | ) | (77,930 | ) | |||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | 43,988,529 | (725,439 | ) | 1,899,183 | (12,523,550 | ) | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments | (300,800,232 | ) | (426,082,565 | ) | (11,470,585 | ) | (209,696,855 | ) | ||||||||
Foreign Currency Translations | (31,401 | ) | — | 69 | (1,669 | ) | ||||||||||
Net Change in Unrealized Depreciation on Investments and Foreign Currency Translations | (300,831,633 | ) | (426,082,565 | ) | (11,470,516 | ) | (209,698,524 | ) | ||||||||
Net Realized and Unrealized Loss on Investments and Foreign Currency Translations | (256,843,104 | ) | (426,808,004 | ) | (9,571,333 | ) | (222,222,074 | ) | ||||||||
Net Decrease in Net Assets Resulting from Operations | $ | (252,577,093 | ) | $ | (429,083,801 | ) | $ | (9,066,351 | ) | $ | (222,349,268 | ) |
(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.) |
128
Statements of Operations | ||
For the period ended May 31, 2022 (Unaudited) |
Global X Artificial Intelligence & Technology ETF | Global X Metaverse ETF(1) | Global X Millennial Consumer ETF | Global X Education ETF | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 973,992 | $ | 41,024 | $ | 563,486 | $ | 29,425 | ||||||||
Interest Income | — | — | 46 | — | ||||||||||||
Security Lending Income | 28,668 | — | 1,574 | — | ||||||||||||
Less: Foreign Taxes Withheld | (55,922 | ) | (17 | ) | — | (1,332 | ) | |||||||||
Total Investment Income | 946,738 | 41,007 | 565,106 | 28,093 | ||||||||||||
Supervision and Administration Fees(2) | 558,699 | 1,078 | 438,434 | 12,625 | ||||||||||||
Custodian Fees(3) | 393 | 2 | 115 | 30 | ||||||||||||
Total Expenses | 559,092 | 1,080 | 438,549 | 12,655 | ||||||||||||
Net Investment Income | 387,646 | 39,927 | 126,557 | 15,438 | ||||||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(4) | (698,649 | ) | (22,580 | ) | 10,406,795 | (1,001,824 | ) | |||||||||
Foreign Currency Transactions | (2,647 | ) | 2,676 | — | (1,183 | ) | ||||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | (701,296 | ) | (19,904 | ) | 10,406,795 | (1,003,007 | ) | |||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments | (56,299,910 | ) | (75,905 | ) | (72,994,681 | ) | (928,609 | ) | ||||||||
Foreign Currency Translations | (1,736 | ) | — | — | 128 | |||||||||||
Net Change in Unrealized Depreciation on Investments and Foreign Currency Translations | (56,301,646 | ) | (75,905 | ) | (72,994,681 | ) | (928,481 | ) | ||||||||
Net Realized and Unrealized Loss on Investments and Foreign Currency Translations | (57,002,942 | ) | (95,809 | ) | (62,587,886 | ) | (1,931,488 | ) | ||||||||
Net Decrease in Net Assets Resulting from Operations | $ | (56,615,296 | ) | $ | (55,882 | ) | $ | (62,461,329 | ) | $ | (1,916,050 | ) |
(1) | The Fund commenced operations on April 26, 2022. |
(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.) |
129
Statements of Operations | ||
For the period ended May 31, 2022 (Unaudited) |
Global X Cannabis ETF | Global X Genomics & Biotechnology ETF | Global X China Biotech Innovation ETF | Global X Telemedicine & Digital Health ETF | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 211,191 | $ | 173,242 | $ | 12,094 | $ | 320,634 | ||||||||
Interest Income | 10 | — | — | 104 | ||||||||||||
Security Lending Income | 1,169,333 | 10,530 | — | 108,811 | ||||||||||||
Less: Foreign Taxes Withheld | — | (5,877 | ) | (953 | ) | (7,115 | ) | |||||||||
Total Investment Income | 1,380,534 | 177,895 | 11,141 | 422,434 | ||||||||||||
Supervision and Administration Fees(1) | 207,483 | 463,563 | 10,554 | 844,301 | ||||||||||||
Custodian Fees(2) | 899 | 82 | — | 10 | ||||||||||||
Total Expenses | 208,382 | 463,645 | 10,554 | 844,311 | ||||||||||||
Net Investment Income (Loss) | 1,172,152 | (285,750 | ) | 587 | (421,877 | ) | ||||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(3) | (28,781,677 | ) | (23,910,038 | ) | (565,555 | ) | (29,710,590 | ) | ||||||||
Foreign Currency Transactions | 2,778 | (2,049 | ) | 24 | (16,061 | ) | ||||||||||
Net Realized Loss on Investments and Foreign Currency Transactions | (28,778,899 | ) | (23,912,087 | ) | (565,531 | ) | (29,726,651 | ) | ||||||||
Net Change in Unrealized Depreciation on: | ||||||||||||||||
Investments | (32,889,099 | ) | (73,618,354 | ) | (1,096,691 | ) | (39,575,991 | ) | ||||||||
Foreign Currency Translations | (33 | ) | (1,515 | ) | — | (548 | ) | |||||||||
Net Change in Unrealized Depreciation on Investments and Foreign Currency Translations | (32,889,132 | ) | (73,619,869 | ) | (1,096,691 | ) | (39,576,539 | ) | ||||||||
Net Realized and Unrealized Loss on Investments and Foreign Currency Translations | (61,668,031 | ) | (97,531,956 | ) | (1,662,222 | ) | (69,303,190 | ) | ||||||||
Net Decrease in Net Assets Resulting from Operations | $ | (60,495,879 | ) | $ | (97,817,706 | ) | $ | (1,661,635 | ) | $ | (69,725,067 | ) |
(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.) |
130
Statements of Operations | ||
For the period ended May 31, 2022 (Unaudited) |
Global X Aging Population ETF | Global X Health & Wellness ETF | Global X CleanTech ETF | Global X U.S. Infrastructure Development ETF | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 434,211 | $ | 196,964 | $ | 195,631 | $ | 29,923,411 | ||||||||
Interest Income | 4 | 4 | — | 1,262 | ||||||||||||
Security Lending Income | — | — | — | 6,872 | ||||||||||||
Less: Foreign Taxes Withheld | (24,773 | ) | (17,896 | ) | (8,312 | ) | (150,746 | ) | ||||||||
Total Investment Income | 409,442 | 179,072 | 187,319 | 29,780,799 | ||||||||||||
Supervision and Administration Fees(1) | 141,924 | 81,947 | 292,837 | 11,760,924 | ||||||||||||
Custodian Fees(2) | 83 | 9 | 313 | 318 | ||||||||||||
Total Expenses | 142,007 | 81,956 | 293,150 | 11,761,242 | ||||||||||||
Net Investment Income (Loss) | 267,435 | 97,116 | (105,831 | ) | 18,019,557 | |||||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(3) | 1,846,110 | (1,207,151 | ) | (8,373,521 | ) | 178,845,157 | ||||||||||
Foreign Currency Transactions | (142 | ) | (6,021 | ) | 5,063 | — | ||||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | 1,845,968 | (1,213,172 | ) | (8,368,458 | ) | 178,845,157 | ||||||||||
Net Change in Unrealized Depreciation on: | ||||||||||||||||
Investments | (4,337,233 | ) | (7,610,391 | ) | (36,589,898 | ) | (443,162,884 | ) | ||||||||
Foreign Currency Translations | (1,653 | ) | (531 | ) | (875 | ) | — | |||||||||
Net Change in Unrealized Depreciation on Investments and Foreign Currency Translations | (4,338,886 | ) | (7,610,922 | ) | (36,590,773 | ) | (443,162,884 | ) | ||||||||
Net Realized and Unrealized Loss on Investments and Foreign Currency Translations | (2,492,918 | ) | (8,824,094 | ) | (44,959,231 | ) | (264,317,727 | ) | ||||||||
Net Decrease in Net Assets Resulting from Operations | $ | (2,225,483 | ) | $ | (8,726,978 | ) | $ | (45,065,062 | ) | $ | (246,298,170 | ) |
(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.) |
131
Statements of Operations | ||
For the period ended May 31, 2022 (Unaudited) |
Global X Thematic Growth ETF | Global X AgTech & Food Innovation ETF | Global X Blockchain ETF | Global X Clean Water ETF | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | — | $ | 44,622 | $ | 1,006 | $ | 63,606 | ||||||||
Dividend Income, from Affiliated Investments | 1,064,807 | — | — | — | ||||||||||||
Interest Income | — | 8 | 27 | — | ||||||||||||
Security Lending Income | 150,253 | — | 717,457 | — | ||||||||||||
Less: Foreign Taxes Withheld | — | (3,920 | ) | — | (1,681 | ) | ||||||||||
Total Investment Income | 1,215,060 | 40,710 | 718,490 | 61,925 | ||||||||||||
Supervision and Administration Fees(1) | 235,136 | 14,807 | 244,048 | 19,122 | ||||||||||||
Custodian Fees(2) | 28 | 101 | 856 | 73 | ||||||||||||
Total Expenses | 235,164 | 14,908 | 244,904 | 19,195 | ||||||||||||
Reimbursement from Adviser 1(3) | (303,817 | ) | – | – | – | |||||||||||
Net Expenses | (68,653 | ) | 14,908 | 244,904 | 19,195 | |||||||||||
Net Investment Income | 1,283,713 | 25,802 | 473,586 | 42,730 | ||||||||||||
Net Realized Gain (Loss) on: | ||||||||||||||||
Investments(4) | — | 230,877 | (27,631,753 | ) | (80,607 | ) | ||||||||||
Affiliated Investments | (9,101,647 | ) | — | — | — | |||||||||||
Foreign Currency Transactions | — | 1,475 | 5,197 | (466 | ) | |||||||||||
Capital Gain Distribution from Affiliated Investments | 306,532 | — | — | — | ||||||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | (8,795,115 | ) | 232,352 | (27,626,556 | ) | (81,073 | ) | |||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments | — | (772,597 | ) | (103,530,105 | ) | (1,194,205 | ) | |||||||||
Affiliated Investments | (31,001,645 | ) | — | — | — | |||||||||||
Foreign Currency Translations | — | 204 | — | — | ||||||||||||
Net Change in Unrealized Depreciation on Investments and Foreign Currency Translations | (31,001,645 | ) | (772,393 | ) | (103,530,105 | ) | (1,194,205 | ) | ||||||||
Net Realized and Unrealized Loss on Investments and Foreign Currency Translations | (39,796,760 | ) | (540,041 | ) | (131,156,661 | ) | (1,275,278 | ) | ||||||||
Net Decrease in Net Assets Resulting from Operations | $ | (38,513,047 | ) | $ | (514,239 | ) | $ | (130,683,075 | ) | $ | (1,232,548 | ) |
(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) | See Note 3 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.) |
132
Statements of Operations | ||
For the period ended May 31, 2022 (Unaudited) |
Global X Hydrogen ETF | Global X Solar ETF | Global X Wind Energy ETF | Global X Green Building ETF(1) | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 39,854 | $ | 9,172 | $ | 27,673 | $ | 16,622 | ||||||||
Interest Income | 40 | 1 | 1 | — | ||||||||||||
Less: Foreign Taxes Withheld | (1,906 | ) | (1,013 | ) | (4,279 | ) | (440 | ) | ||||||||
Total Investment Income | 37,988 | 8,160 | 23,395 | 16,182 | ||||||||||||
Supervision and Administration Fees(2) | 74,001 | 20,039 | 9,967 | 1,454 | ||||||||||||
Custodian Fees(3) | 140 | 454 | 75 | 1 | ||||||||||||
Total Expenses | 74,141 | 20,493 | 10,042 | 1,455 | ||||||||||||
Net Investment Income (Loss) | (36,153 | ) | (12,333 | ) | 13,353 | 14,727 | ||||||||||
Net Realized Loss on: | ||||||||||||||||
Investments(4) | (7,428,610 | ) | (2,688,273 | ) | (300,295 | ) | (45 | ) | ||||||||
Foreign Currency Transactions | (3,026 | ) | (5,592 | ) | (501 | ) | (103 | ) | ||||||||
Net Realized Loss on Investments and Foreign Currency Transactions | (7,431,636 | ) | (2,693,865 | ) | (300,796 | ) | (148 | ) | ||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments | (9,939,478 | ) | 1,014,622 | (448,494 | ) | (166,543 | ) | |||||||||
Foreign Currency Translations | (1,681 | ) | 405 | 1 | 31 | |||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (9,941,159 | ) | 1,015,027 | (448,493 | ) | (166,512 | ) | |||||||||
Net Realized and Unrealized Loss on Investments and Foreign Currency Translations | (17,372,795 | ) | (1,678,838 | ) | (749,289 | ) | (166,660 | ) | ||||||||
Net Decrease in Net Assets Resulting from Operations | $ | (17,408,948 | ) | $ | (1,691,171 | ) | $ | (735,936 | ) | $ | (151,933 | ) |
(1) | The Fund commenced operations on April 11, 2022. |
(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.) |
133
Statements of Changes in Net Assets | ||
Global X Robotics & Artificial Intelligence ETF | Global X Internet of Things ETF | |||||||||||||||
Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 2,753,307 | $ | 1,654,290 | $ | 946,762 | $ | 1,589,942 | ||||||||
Net Realized Gain on Investments and Foreign Currency Transactions (1) | 17,580,558 | 105,766,523 | 22,424,684 | 6,751,212 | ||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (921,059,384 | ) | 194,707,839 | (130,866,143 | ) | 80,373,236 | ||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | (900,725,519 | ) | 302,128,652 | (107,494,697 | ) | 88,714,390 | ||||||||||
Distributions | — | (1,369,174 | ) | (1,600,465 | ) | (1,320,266 | ) | |||||||||
Return of Capital | — | (3,009,240 | ) | — | — | |||||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 9,162,680 | 516,103,043 | 5,209,484 | 139,901,773 | ||||||||||||
Redeemed | (227,814,043 | ) | (268,539,477 | ) | (72,773,041 | ) | (6,512,771 | ) | ||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | (218,651,363 | ) | 247,563,566 | (67,563,557 | ) | 133,389,002 | ||||||||||
Total Increase (Decrease) in Net Assets | (1,119,376,882 | ) | 545,313,804 | (176,658,719 | ) | 220,783,126 | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 2,703,488,391 | 2,158,174,587 | 517,291,078 | 296,507,952 | ||||||||||||
End of Year/Period | $ | 1,584,111,509 | $ | 2,703,488,391 | $ | 340,632,359 | $ | 517,291,078 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 310,000 | 14,770,000 | 150,000 | 4,030,000 | ||||||||||||
Redeemed | (8,530,000 | ) | (8,080,000 | ) | (2,320,000 | ) | (200,000 | ) | ||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | (8,220,000 | ) | 6,690,000 | (2,170,000 | ) | 3,830,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
134
Statements of Changes in Net Assets | ||
Global X FinTech ETF | Global X Video Games & Esports ETF | |||||||||||||||
Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | 1,426,890 | $ | (3,432,189 | ) | $ | 760,916 | $ | 546,006 | |||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions (1) | 17,239,364 | 38,623,458 | (29,650,251 | ) | 120,634,902 | |||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (519,460,029 | ) | (300,467 | ) | (58,781,198 | ) | (126,766,464 | ) | ||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | (500,793,775 | ) | 34,890,802 | (87,670,533 | ) | (5,585,556 | ) | |||||||||
Distributions | (61,778,507 | ) | — | (2,992,645 | ) | (4,336,763 | ) | |||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 80,810,023 | 457,538,483 | 6,227,856 | 502,883,686 | ||||||||||||
Redeemed | (112,141,625 | ) | (77,598,302 | ) | (137,076,095 | ) | (489,067,100 | ) | ||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | (31,331,602 | ) | 379,940,181 | (130,848,239 | ) | 13,816,586 | ||||||||||
Total Increase (Decrease) in Net Assets | (593,903,884 | ) | 414,830,983 | (221,511,417 | ) | 3,894,267 | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 1,289,005,532 | 874,174,549 | 485,234,982 | 481,340,715 | ||||||||||||
End of Year/Period | $ | 695,101,648 | $ | 1,289,005,532 | $ | 263,723,565 | $ | 485,234,982 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 2,490,000 | 9,580,000 | 240,000 | 15,330,000 | ||||||||||||
Redeemed | (3,360,000 | ) | (1,710,000 | ) | (5,330,000 | ) | (15,740,000 | ) | ||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | (870,000 | ) | 7,870,000 | (5,090,000 | ) | (410,000 | ) |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
135
Statements of Changes in Net Assets | ||
Global X Autonomous & Electric Vehicles ETF | Global X Cloud Computing ETF | |||||||||||||||
Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | 4,266,011 | $ | 2,906,179 | $ | (2,275,797 | ) | $ | (7,571,106 | ) | ||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions (1) | 43,988,529 | 80,701,523 | (725,439 | ) | 368,583,149 | |||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (300,831,633 | ) | 75,907,068 | (426,082,565 | ) | (231,440,130 | ) | |||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | (252,577,093 | ) | 159,514,770 | (429,083,801 | ) | 129,571,913 | ||||||||||
Distributions | (1,928,100 | ) | (2,137,703 | ) | (21,230,047 | ) | — | |||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 332,587,479 | 1,323,971,188 | 137,419,298 | 631,431,054 | ||||||||||||
Redeemed | (344,472,870 | ) | (293,724,764 | ) | (294,458,198 | ) | (848,948,000 | ) | ||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | (11,885,391 | ) | 1,030,246,424 | (157,038,900 | ) | (217,516,946 | ) | |||||||||
Total Increase (Decrease) in Net Assets | (266,390,584 | ) | 1,187,623,491 | (607,352,748 | ) | (87,945,033 | ) | |||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 1,323,546,028 | 135,922,537 | 1,317,543,972 | 1,405,489,005 | ||||||||||||
End of Year/Period | $ | 1,057,155,444 | $ | 1,323,546,028 | $ | 710,191,224 | $ | 1,317,543,972 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 11,660,000 | 48,040,000 | 7,150,000 | 21,430,000 | ||||||||||||
Redeemed | (12,790,000 | ) | (10,770,000 | ) | (13,780,000 | ) | (29,400,000 | ) | ||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | (1,130,000 | ) | 37,270,000 | (6,630,000 | ) | (7,970,000 | ) |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
136
Statements of Changes in Net Assets | ||
Global X Data Center REITs & Digital Infrastructure ETF | Global X Cybersecurity ETF | |||||||||||||||
Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | 504,982 | $ | 397,989 | $ | (127,194 | ) | $ | 2,556,730 | |||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions (1) | 1,899,183 | 2,329,475 | (12,523,550 | ) | 54,892,114 | |||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (11,470,516 | ) | 4,979,795 | (209,698,524 | ) | (5,445,712 | ) | |||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | (9,066,351 | ) | 7,707,259 | (222,349,268 | ) | 52,003,132 | ||||||||||
Distributions | (731,898 | ) | (239,154 | ) | (7,499,545 | ) | (165,949 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 22,967,028 | 76,496,797 | 360,211,050 | 1,727,556,856 | ||||||||||||
Redeemed | (8,580,342 | ) | (9,602,874 | ) | (114,416,476 | ) | (693,937,307 | ) | ||||||||
Increase in Net Assets from Capital Share Transactions | 14,386,686 | 66,893,923 | 245,794,574 | 1,033,619,549 | ||||||||||||
Total Increase in Net Assets | 4,588,437 | 74,362,028 | 15,945,761 | 1,085,456,732 | ||||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 78,097,585 | 3,735,557 | 1,132,090,284 | 46,633,552 | ||||||||||||
End of Year/Period | $ | 82,686,022 | $ | 78,097,585 | $ | 1,148,036,045 | $ | 1,132,090,284 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 1,420,000 | 4,690,000 | 12,220,000 | 58,280,000 | ||||||||||||
Redeemed | (540,000 | ) | (560,000 | ) | (4,320,000 | ) | (24,670,000 | ) | ||||||||
Net Increase in Shares Outstanding from Share Transactions | 880,000 | 4,130,000 | 7,900,000 | 33,610,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
137
Statements of Changes in Net Assets | ||
Global X Artificial Intelligence & Technology ETF | Global X Metaverse ETF | |||||||||||
Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | Period Ended May 31, 2022(1) (Unaudited) | ||||||||||
Operations: | ||||||||||||
Net Investment Income | $ | 387,646 | $ | 302,809 | $ | 39,927 | ||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions (2) | (701,296 | ) | 40,287,434 | (19,904 | ) | |||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (56,301,646 | ) | (8,749,293 | ) | (75,905 | ) | ||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | (56,615,296 | ) | 31,840,950 | (55,882 | ) | |||||||
Distributions | (77,000 | ) | (496,492 | ) | — | |||||||
Capital Share Transactions: | ||||||||||||
Issued | 43,511,028 | 156,875,013 | 2,410,000 | |||||||||
Redeemed | (21,358,925 | ) | (122,053,513 | ) | — | |||||||
Increase in Net Assets from Capital Share Transactions | 22,152,103 | 34,821,500 | 2,410,000 | |||||||||
Total Increase (Decrease) in Net Assets | (34,540,193 | ) | 66,165,958 | 2,354,118 | ||||||||
Net Assets: | ||||||||||||
Beginning of Year/Period | 186,334,467 | 120,168,509 | — | |||||||||
End of Year/Period | $ | 151,794,274 | $ | 186,334,467 | $ | 2,354,118 | ||||||
Share Transactions: | ||||||||||||
Issued | 1,640,000 | 5,430,000 | 100,000 | |||||||||
Redeemed | (870,000 | ) | (4,180,000 | ) | — | |||||||
Net Increase in Shares Outstanding from Share Transactions | 770,000 | 1,250,000 | 100,000 |
(1) | The Fund commenced operations on April 26, 2022. |
(2) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
138
Statements of Changes in Net Assets | ||
Global X Millennial Consumer ETF | Global X Education ETF | |||||||||||||||
Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 126,557 | $ | 343,605 | $ | 15,438 | $ | 4,008 | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions (1) | 10,406,795 | 33,121,119 | (1,003,007 | ) | (1,079,335 | ) | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (72,994,681 | ) | (7,238,875 | ) | (928,481 | ) | (5,996,495 | ) | ||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | (62,461,329 | ) | 26,225,849 | (1,916,050 | ) | (7,071,822 | ) | |||||||||
Distributions | (343,441 | ) | (197,478 | ) | (1,132 | ) | (4,036 | ) | ||||||||
Return of Capital | — | — | — | (6,036 | ) | |||||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 11,509,759 | 155,153,247 | 54 | 9,647,103 | ||||||||||||
Redeemed | (54,545,309 | ) | (68,616,926 | ) | (545,918 | ) | (2,933,247 | ) | ||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | (43,035,550 | ) | 86,536,321 | (545,864 | ) | 6,713,856 | ||||||||||
Total Increase (Decrease) in Net Assets | (105,840,320 | ) | 112,564,692 | (2,463,046 | ) | (368,038 | ) | |||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 227,075,366 | 114,510,674 | 6,487,707 | 6,855,745 | ||||||||||||
End of Year/Period | $ | 121,235,046 | $ | 227,075,366 | $ | 4,024,661 | $ | 6,487,707 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 320,000 | 3,710,000 | — | 520,000 | ||||||||||||
Redeemed | (1,530,000 | ) | (1,640,000 | ) | (70,000 | ) | (240,000 | ) | ||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | (1,210,000 | ) | 2,070,000 | (70,000 | ) | 280,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
139
Statements of Changes in Net Assets | ||
Global X Cannabis ETF | Global X Genomics & Biotechnology ETF | |||||||||||||||
Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | 1,172,152 | $ | 2,579,388 | $ | (285,750 | ) | $ | (753,596 | ) | ||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions (1) | (28,778,899 | ) | (70,548,608 | ) | (23,912,087 | ) | 7,773,338 | |||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (32,889,132 | ) | (83,571,989 | ) | (73,619,869 | ) | (41,829,286 | ) | ||||||||
Net Decrease in Net Assets Resulting from Operations | (60,495,879 | ) | (151,541,209 | ) | (97,817,706 | ) | (34,809,544 | ) | ||||||||
Distributions | (2,453,149 | ) | (1,884,853 | ) | (81,403 | ) | (157,150 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 19,530,600 | 275,820,914 | 58,398,981 | 244,145,634 | ||||||||||||
Redeemed | (1,427,283 | ) | (53,005,874 | ) | (44,846,668 | ) | (35,557,651 | ) | ||||||||
Increase in Net Assets from Capital Share Transactions | 18,103,317 | 222,815,040 | 13,552,313 | 208,587,983 | ||||||||||||
Total Increase (Decrease) in Net Assets | (44,845,711 | ) | 69,388,978 | (84,346,796 | ) | 173,621,289 | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 105,548,843 | 36,159,865 | 255,572,096 | 81,950,807 | ||||||||||||
End of Year/Period | $ | 60,703,132 | $ | 105,548,843 | $ | 171,225,300 | $ | 255,572,096 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 3,430,000 | 14,560,000 | 4,840,000 | 10,100,000 | ||||||||||||
Redeemed | (250,000 | ) | (2,950,000 | ) | (2,950,000 | ) | (1,600,000 | ) | ||||||||
Net Increase in Shares Outstanding from Share Transactions | 3,180,000 | 11,610,000 | 1,890,000 | 8,500,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
140
Statements of Changes in Net Assets | ||
Global X China Biotech Innovation ETF | Global X Telemedicine & Digital Health ETF | |||||||||||||||
Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | 587 | $ | (15,515 | ) | $ | (421,877 | ) | $ | (3,567,502 | ) | |||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions (1) | (565,531 | ) | (200,859 | ) | (29,726,651 | ) | 81,381,966 | |||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (1,096,691 | ) | 90,211 | (39,576,539 | ) | (167,183,859 | ) | |||||||||
Net Decrease in Net Assets Resulting from Operations | (1,661,635 | ) | (126,163 | ) | (69,725,067 | ) | (89,369,395 | ) | ||||||||
Distributions | — | — | — | (193,332 | ) | |||||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | — | 3,521,172 | 9,701,359 | 416,278,429 | ||||||||||||
Redeemed | — | (1,318,521 | ) | (244,718,861 | ) | (341,814,594 | ) | |||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | — | 2,202,651 | (235,017,502 | ) | 74,463,835 | |||||||||||
Total Increase (Decrease) in Net Assets | (1,661,635 | ) | 2,076,488 | (304,742,569 | ) | (15,098,892 | ) | |||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 4,308,616 | 2,232,128 | 475,575,915 | 490,674,807 | ||||||||||||
End of Year/Period | $ | 2,646,981 | $ | 4,308,616 | $ | 170,833,346 | $ | 475,575,915 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | — | 200,000 | 720,000 | 21,160,000 | ||||||||||||
Redeemed | — | (80,000 | ) | (15,540,000 | ) | (18,670,000 | ) | |||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | — | 120,000 | (14,820,000 | ) | 2,490,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
141
Statements of Changes in Net Assets | ||
Global X Aging Population ETF | Global X Health & Wellness ETF | |||||||||||||||
Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 267,435 | $ | 227,700 | $ | 97,116 | $ | 233,954 | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions (1) | 1,845,968 | 7,440,686 | (1,213,172 | ) | 4,528,210 | |||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (4,338,886 | ) | (8,326,852 | ) | (7,610,922 | ) | (1,454,915 | ) | ||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | (2,225,483 | ) | (658,466 | ) | (8,726,978 | ) | 3,307,249 | |||||||||
Distributions | (379,904 | ) | (168,728 | ) | (200,968 | ) | (137,684 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 2,009,432 | 37,949,132 | 2,796 | 34,773,877 | ||||||||||||
Redeemed | (7,702,896 | ) | (20,272,786 | ) | (7,483,562 | ) | (18,348,025 | ) | ||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | (5,693,464 | ) | 17,676,346 | (7,480,766 | ) | 16,425,852 | ||||||||||
Total Increase (Decrease) in Net Assets | (8,298,851 | ) | 16,849,152 | (16,408,712 | ) | 19,595,417 | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 59,755,983 | 42,906,831 | 40,091,330 | 20,495,913 | ||||||||||||
End of Year/Period | $ | 51,457,132 | $ | 59,755,983 | $ | 23,682,618 | $ | 40,091,330 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 70,000 | 1,290,000 | — | 1,220,000 | ||||||||||||
Redeemed | (280,000 | ) | (710,000 | ) | (330,000 | ) | (640,000 | ) | ||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | (210,000 | ) | 580,000 | (330,000 | ) | 580,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
142
Statements of Changes in Net Assets | ||
Global X CleanTech ETF | Global X U.S. Infrastructure Development ETF | |||||||||||||||
Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | (105,831 | ) | $ | 140,148 | $ | 18,019,557 | $ | 19,790,933 | |||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions (1) | (8,368,458 | ) | (14,025,855 | ) | 178,845,157 | 104,623,377 | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (36,590,773 | ) | (21,087,144 | ) | (443,162,884 | ) | 401,755,516 | |||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | (45,065,062 | ) | (34,972,851 | ) | (246,298,170 | ) | 526,169,826 | |||||||||
Distributions | (417,473 | ) | (85,349 | ) | (19,256,573 | ) | (7,771,784 | ) | ||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 19,630,575 | 206,263,932 | 251,637,416 | 4,363,784,152 | ||||||||||||
Redeemed | (34,490,097 | ) | (24,270,816 | ) | (798,677,483 | ) | (349,320,945 | ) | ||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | (14,859,522 | ) | 181,993,116 | (547,040,067 | ) | 4,014,463,207 | ||||||||||
Total Increase (Decrease) in Net Assets | (60,342,057 | ) | 146,934,916 | (812,594,810 | ) | 4,532,861,249 | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 175,458,385 | 28,523,469 | 5,186,496,734 | 653,635,485 | ||||||||||||
End of Year/Period | $ | 115,116,328 | $ | 175,458,385 | $ | 4,373,901,924 | $ | 5,186,496,734 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 1,200,000 | 8,430,000 | 8,960,000 | 172,070,000 | ||||||||||||
Redeemed | (2,010,000 | ) | (1,340,000 | ) | (30,290,000 | ) | (13,600,000 | ) | ||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | (810,000 | ) | 7,090,000 | (21,330,000 | ) | 158,470,000 |
(1) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
143
Statements of Changes in Net Assets | ||
Global X Thematic Growth ETF | Global X AgTech & Food Innovation ETF | |||||||||||||||
Period Ended May 31, 2022 (Unaudited) | Year Ended November 30, 2021 | Period Ended May 31, 2022 (Unaudited) | Period Ended November 30, 2021(1) | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 1,283,713 | $ | 726,486 | $ | 25,802 | $ | 8,140 | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions (2) | (8,795,115 | ) | 14,518,969 | 232,352 | (62,971 | ) | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (31,001,645 | ) | (18,755,820 | ) | (772,393 | ) | (915,209 | ) | ||||||||
Net Decrease in Net Assets Resulting from Operations | (38,513,047 | ) | (3,510,365 | ) | (514,239 | ) | (970,040 | ) | ||||||||
Distributions | (1,456,749 | ) | (391,721 | ) | (40,730 | ) | — | |||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 19,158,791 | 152,944,973 | 2,472,551 | 6,503,520 | ||||||||||||
Redeemed | (9,293,689 | ) | (75,042,293 | ) | (1,506,248 | ) | — | |||||||||
Increase in Net Assets from Capital Share Transactions | 9,865,102 | 77,902,680 | 966,303 | 6,503,520 | ||||||||||||
Total Increase (Decrease) in Net Assets | (30,104,694 | ) | 74,000,594 | 411,334 | 5,533,480 | |||||||||||
Net Assets: | ||||||||||||||||
Beginning of Year/Period | 110,081,440 | 36,080,846 | 5,533,480 | — | ||||||||||||
End of Year/Period | $ | 79,976,746 | $ | 110,081,440 | $ | 5,944,814 | $ | 5,533,480 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 480,000 | 2,910,000 | 130,000 | 280,000 | ||||||||||||
Redeemed | (250,000 | ) | (1,450,000 | ) | (80,000 | ) | — | |||||||||
Net Increase in Shares Outstanding from Share Transactions | 230,000 | 1,460,000 | 50,000 | 280,000 |
(1) | The Fund commenced operations on July 12, 2021. |
(2) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
144
Statements of Changes in Net Assets | ||
Global X Blockchain ETF | Global X Clean Water ETF | |||||||||||||||
Period Ended May 31, 2022 (Unaudited) | Period Ended November 30, 2021(1) | Period Ended May 31, 2022 (Unaudited) | Period Ended November 30, 2021(2) | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 473,586 | $ | 101,534 | $ | 42,730 | $ | 85,214 | ||||||||
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions (3) | (27,626,556 | ) | 5,704,456 | (81,073 | ) | 26,417 | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments | (103,530,105 | ) | 3,549,749 | (1,194,205 | ) | 121,153 | ||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | (130,683,075 | ) | 9,355,739 | (1,232,548 | ) | 232,784 | ||||||||||
Distributions | (4,557,764 | ) | — | (87,793 | ) | (8,160 | ) | |||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 80,850,538 | 129,901,496 | — | 8,645,836 | ||||||||||||
Redeemed | (5,325,910 | ) | (11,537,023 | ) | (1,079,254 | ) | (171,021 | ) | ||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions | 75,524,628 | 118,364,473 | (1,079,254 | ) | 8,474,815 | |||||||||||
Total Increase (Decrease) in Net Assets | (59,716,211 | ) | 127,720,212 | (2,399,595 | ) | 8,699,439 | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of Period | 127,720,212 | — | 8,699,439 | — | ||||||||||||
End of Period | $ | 68,004,001 | $ | 127,720,212 | $ | 6,299,844 | $ | 8,699,439 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 4,400,000 | 4,250,000 | — | 530,000 | ||||||||||||
Redeemed | (310,000 | ) | (300,000 | ) | (70,000 | ) | (10,000 | ) | ||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions | 4,090,000 | 3,950,000 | (70,000 | ) | 520,000 |
(1) | The Fund commenced operations on July 12, 2021. |
(2) | The Fund commenced operations on April 8, 2021. |
(3) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
145
Statements of Changes in Net Assets | ||
Global X Hydrogen ETF | Global X Solar ETF | |||||||||||||||
Period Ended May 31, 2022 (Unaudited) | Period Ended November 30, 2021(1) | Period Ended May 31, 2022 (Unaudited) | Period Ended November 30, 2021(2) | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Loss | $ | (36,153 | ) | $ | (16,660 | ) | $ | (12,333 | ) | $ | (1,628 | ) | ||||
Net Realized Loss on Investments and Foreign Currency Transactions (3) | (7,431,636 | ) | (126,061 | ) | (2,693,865 | ) | (15,189 | ) | ||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (9,941,159 | ) | (522,051 | ) | 1,015,027 | 27,171 | ||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | (17,408,948 | ) | (664,772 | ) | (1,691,171 | ) | 10,354 | |||||||||
Distributions | (15,749 | ) | — | (2,117 | ) | — | ||||||||||
Capital Share Transactions: | ||||||||||||||||
Issued | 18,037,686 | 33,092,140 | 12,731,297 | 8,984,259 | ||||||||||||
Redeemed | (951,409 | ) | — | (11,577,680 | ) | — | ||||||||||
Increase in Net Assets from Capital Share Transactions | 17,086,277 | 33,092,140 | 1,153,617 | 8,984,259 | ||||||||||||
Total Increase (Decrease) in Net Assets | (338,420 | ) | 32,427,368 | (539,671 | ) | 8,994,613 | ||||||||||
Net Assets: | ||||||||||||||||
Beginning of Period | 32,427,368 | — | 8,994,613 | — | ||||||||||||
End of Period | $ | 32,088,948 | $ | 32,427,368 | $ | 8,454,942 | $ | 8,994,613 | ||||||||
Share Transactions: | ||||||||||||||||
Issued | 960,000 | 1,330,000 | 670,000 | 350,000 | ||||||||||||
Redeemed | (50,000 | ) | — | (600,000 | ) | — | ||||||||||
Net Increase in Shares Outstanding from Share Transactions | 910,000 | 1,330,000 | 70,000 | 350,000 |
(1) | The Fund commenced operations on July 12, 2021. |
(2) | The Fund commenced operations on September 8, 2021. |
(3) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
146
Statements of Changes in Net Assets | ||
Global X Wind Energy ETF | Global X Green Building ETF | |||||||||||
Period Ended May 31, 2022 (Unaudited) | Period Ended November 30, 2021(1) | Period Ended May 31, 2022(2) (Unaudited) | ||||||||||
Operations: | ||||||||||||
Net Investment Income (Loss) | $ | 13,353 | $ | (689 | ) | $ | 14,727 | |||||
Net Realized Loss on Investments and Foreign Currency Transactions (3) | (300,796 | ) | (53,558 | ) | (148 | ) | ||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations | (448,493 | ) | (199,234 | ) | (166,512 | ) | ||||||
Net Decrease in Net Assets Resulting from Operations | (735,936 | ) | (253,481 | ) | (151,933 | ) | ||||||
Distributions | (2,373 | ) | — | — | ||||||||
Capital Share Transactions: | ||||||||||||
Issued | — | 4,767,391 | 2,537,579 | |||||||||
Increase in Net Assets from Capital Share Transactions | — | 4,767,391 | 2,537,579 | |||||||||
Total Increase (Decrease) in Net Assets | (738,309 | ) | 4,513,910 | 2,385,646 | ||||||||
Net Assets: | ||||||||||||
Beginning of Period | 4,513,910 | — | — | |||||||||
End of Period | $ | 3,775,601 | $ | 4,513,910 | $ | 2,385,646 | ||||||
Share Transactions: | ||||||||||||
Issued | — | 190,000 | 100,000 | |||||||||
Net Increase in Shares Outstanding from Share Transactions | — | 190,000 | 100,000 |
(1) | The Fund commenced operations on September 8, 2021. |
(2) | The Fund commenced operations on April 11, 2022. |
(3) | Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.) |
147
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 Robotics & Artificial Intelligence ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 36.24 | 0.04 | (12.41 | ) | (12.37 | ) | — | — | ||||||||||||||||
2021 | 31.78 | 0.02 | 4.50 | 4.52 | (0.02 | ) | — | |||||||||||||||||
2020 | 21.43 | 0.05 | 10.39 | 10.44 | (0.08 | ) | — | |||||||||||||||||
2019 | 19.70 | 0.19 | 1.93 | 2.12 | (0.39 | ) | — | |||||||||||||||||
2018 | 23.96 | 0.19 | (4.45 | ) | (4.26 | ) | — | *** | — | *** | ||||||||||||||
2017 | 14.87 | 0.01 | 9.09 | 9.10 | (0.01 | ) | — | |||||||||||||||||
Global X Internet of Things ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 37.68 | 0.07 | (8.16 | ) | (8.09 | ) | (0.07 | ) | (0.05 | ) | ||||||||||||||
2021 | 29.95 | 0.13 | 7.72 | 7.85 | (0.12 | ) | — | |||||||||||||||||
2020 | 22.89 | 0.17 | 7.08 | 7.25 | (0.19 | ) | — | |||||||||||||||||
2019 | 18.04 | 0.20 | 4.93 | 5.13 | (0.28 | ) | — | |||||||||||||||||
2018 | 20.12 | 0.17 | (2.03 | ) | (1.86 | ) | (0.11 | ) | (0.11 | ) | ||||||||||||||
2017 | 15.52 | 0.16 | 4.49 | 4.65 | (0.05 | ) | — | |||||||||||||||||
Global X FinTech ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 45.52 | 0.05 | (18.09 | ) | (18.04 | ) | (2.16 | ) | — | |||||||||||||||
2021 | 42.75 | (0.13 | ) | 2.90 | 2.77 | — | — | |||||||||||||||||
2020 | 30.49 | (0.11 | ) | 12.37 | 12.26 | — | — | |||||||||||||||||
2019 | 24.55 | (0.08 | ) | 6.06 | 5.98 | — | — | |||||||||||||||||
2018 | 21.79 | (0.08 | ) | 2.86 | 2.78 | — | (0.02 | ) | ||||||||||||||||
2017 | 14.91 | (0.03 | ) | 6.91 | 6.88 | — | — |
148
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 (Loss) to Average Net Assets (%) | Portfolio Turnover (%)†† | |||||||||||||||||||||||
— | — | 23.87 | (34.13 | ) | 1,584,112 | 0.68 | † | 0.26 | † | 7.21 | ||||||||||||||||||||
(0.04 | ) | (0.06 | ) | 36.24 | 14.23 | 2,703,488 | 0.68 | 0.06 | 22.66 | |||||||||||||||||||||
(0.01 | ) | (0.09 | ) | 31.78 | 48.90 | 2,158,175 | 0.68 | 0.21 | 22.27 | |||||||||||||||||||||
— | (0.39 | ) | 21.43 | 11.16 | 1,479,984 | 0.68 | 0.98 | 10.97 | ||||||||||||||||||||||
— | — | *** | 19.70 | (17.77 | ) | 1,726,274 | 0.70 | 0.83 | 28.50 | |||||||||||||||||||||
— | (0.01 | ) | 23.96 | 61.22 | 1,412,589 | 0.69 | 0.05 | 15.29 | ||||||||||||||||||||||
— | (0.12 | ) | 29.47 | (21.56 | ) | 340,632 | 0.68 | † | 0.44 | † | 0.94 | |||||||||||||||||||
— | (0.12 | ) | 37.68 | 26.24 | 517,291 | 0.68 | 0.37 | 9.25 | ||||||||||||||||||||||
— | (0.19 | ) | 29.95 | 31.88 | 296,508 | 0.68 | 0.71 | 14.28 | ||||||||||||||||||||||
— | (0.28 | ) | 22.89 | 29.01 | 131,627 | 0.68 | 1.04 | 11.71 | ||||||||||||||||||||||
— | (0.22 | ) | 18.04 | (9.33 | ) | 82,983 | 0.69 | 0.88 | 16.69 | |||||||||||||||||||||
— | (0.05 | ) | 20.12 | 30.04 | 85,521 | 0.70 | 0.85 | 24.90 | ||||||||||||||||||||||
— | (2.16 | ) | 25.32 | (41.40 | ) | 695,102 | 0.68 | † | 0.32 | † | 18.26 | |||||||||||||||||||
— | — | 45.52 | 6.48 | 1,289,006 | 0.68 | (0.28 | ) | 29.60 | ||||||||||||||||||||||
— | — | 42.75 | 40.21 | 874,175 | 0.68 | (0.33 | ) | 15.75 | ||||||||||||||||||||||
(0.04 | ) | (0.04 | ) | 30.49 | 24.42 | 413,152 | 0.68 | (0.29 | ) | 16.40 | ||||||||||||||||||||
— | (0.02 | ) | 24.55 | 12.79 | 327,734 | 0.68 | (0.29 | ) | 20.58 | |||||||||||||||||||||
— | — | 21.79 | 46.14 | 50,106 | 0.68 | (0.13 | ) | 11.65 |
* | Per share data calculated using average shares method. |
** | Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. |
*** | Amount is less than $0.005. |
† | Annualized. |
†† | Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers. |
Amounts designated as “—” are either $0 or have been rounded to $0.
149
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income (Loss) ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Distribution from Capital Gains ($) | |||||||||||||||||||
Global X Video Games & Esports ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 29.52 | 0.07 | (6.15 | ) | (6.08 | ) | (0.13 | ) | (0.07 | ) | ||||||||||||||
2021 | 28.57 | 0.04 | 1.14 | 1.18 | (0.23 | ) | — | *** | ||||||||||||||||
2020 | 15.73 | 0.02 | 12.86 | 12.88 | (0.04 | ) | — | |||||||||||||||||
2019(1) | 14.99 | — | 0.74 | 0.74 | — | — | ||||||||||||||||||
Global X Autonomous & Electric Vehicles ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 30.41 | 0.09 | (5.51 | ) | (5.42 | ) | (0.03 | ) | (0.02 | ) | ||||||||||||||
2021 | 21.75 | 0.09 | 8.65 | 8.74 | (0.08 | ) | — | |||||||||||||||||
2020 | 14.15 | 0.11 | 7.61 | 7.72 | (0.12 | ) | — | |||||||||||||||||
2019 | 13.26 | 0.22 | 1.11 | 1.33 | (0.44 | ) | — | |||||||||||||||||
2018(2) | 15.00 | 0.11 | (1.85 | ) | (1.74 | ) | — | — | ||||||||||||||||
Global X Cloud Computing ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 28.38 | (0.05 | ) | (10.02 | ) | (10.07 | ) | — | (0.47 | ) | ||||||||||||||
2021 | 25.84 | (0.15 | ) | 2.69 | 2.54 | — | — | |||||||||||||||||
2020 | 15.99 | (0.11 | ) | 9.97 | 9.86 | — | (0.01 | ) | ||||||||||||||||
2019(3) | 15.06 | (0.04 | ) | 0.97 | 0.93 | — | — | |||||||||||||||||
Global X Data Center REITs & Digital Infrastructure ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 17.83 | 0.10 | (2.04 | ) | (1.94 | ) | (0.09 | ) | (0.08 | ) | ||||||||||||||
2021 | 14.94 | 0.16 | 2.84 | 3.00 | (0.11 | ) | — | |||||||||||||||||
2020(4) | 14.97 | — | (0.03 | ) | (0.03 | ) | — | — |
150
Financial Highlights | ||
Return of Capital ($) | 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 (Loss) to Average Net Assets (%) | Portfolio Turnover (%)†† | |||||||||||||||||||||||
— | (0.20 | ) | 23.24 | (20.73 | ) | 263,724 | 0.50 | † | 0.44 | † | 32.43 | |||||||||||||||||||
— | (0.23 | ) | 29.52 | 4.09 | 485,235 | 0.50 | 0.09 | 23.45 | ||||||||||||||||||||||
— | (0.04 | ) | 28.57 | 82.04 | 481,341 | 0.50 | 0.04 | 12.02 | ||||||||||||||||||||||
— | — | 15.73 | 4.94 | 1,573 | 0.50 | † | (0.45 | )† | 0.27 | |||||||||||||||||||||
— | (0.05 | ) | 24.94 | (17.87 | ) | 1,057,155 | 0.68 | † | 0.69 | † | 18.94 | |||||||||||||||||||
— | (0.08 | ) | 30.41 | 40.22 | 1,323,546 | 0.68 | 0.33 | 18.17 | ||||||||||||||||||||||
— | (0.12 | ) | 21.75 | 54.98 | 135,923 | 0.68 | 0.67 | 13.76 | ||||||||||||||||||||||
— | (0.44 | ) | 14.15 | 10.61 | 14,855 | 0.68 | 1.67 | 31.26 | ||||||||||||||||||||||
— | — | 13.26 | (11.60 | ) | 15,248 | 0.68 | † | 1.21 | † | 23.57 | ||||||||||||||||||||
— | (0.47 | ) | 17.84 | (36.04 | ) | 710,191 | 0.68 | † | (0.48 | )† | 15.53 | |||||||||||||||||||
— | — | 28.38 | 9.83 | 1,317,544 | 0.68 | (0.53 | ) | 23.77 | ||||||||||||||||||||||
— | (0.01 | ) | 25.84 | 61.68 | 1,405,489 | 0.68 | (0.53 | ) | 23.03 | |||||||||||||||||||||
— | — | 15.99 | 6.18 | 472,386 | 0.68 | † | (0.44 | )† | 12.52 | |||||||||||||||||||||
— | (0.17 | ) | 15.72 | (11.03 | ) | 82,686 | 0.50 | † | 1.23 | † | 21.12 | |||||||||||||||||||
— | (0.11 | ) | 17.83 | 20.17 | 78,098 | 0.50 | 0.93 | 15.80 | ||||||||||||||||||||||
— | — | 14.94 | (0.20 | ) | 3,736 | 0.50 | † | 0.26 | † | — |
* | Per share data calculated using average shares method. |
** | Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. |
*** | Amount is less than $0.005. |
† | Annualized. |
†† | Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers. |
(1) | The Fund commenced operations on October 25, 2019. |
(2) | The Fund commenced operations on April 13, 2018. |
(3) | The Fund commenced operations on April 12, 2019. |
(4) | The Fund commenced operations on October 27, 2020. |
Amounts designated as “—” are either $0 or have been rounded to $0.
151
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Distribution from Capital Gains ($) | |||||||||||||||||||
Global X Cybersecurity ETF | �� | |||||||||||||||||||||||
2022 (Unaudited) | 31.75 | — | (5.18 | ) | (5.18 | ) | (0.09 | ) | (0.12 | ) | ||||||||||||||
2021 | 22.75 | 0.12 | 8.90 | 9.02 | (0.01 | ) | (0.01 | ) | ||||||||||||||||
2020 | 17.14 | 0.09 | 5.67 | 5.76 | (0.13 | ) | (0.02 | ) | ||||||||||||||||
2019(1) | 15.27 | — | 1.87 | 1.87 | — | — | ||||||||||||||||||
Global X Artificial Intelligence & Technology ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 31.58 | 0.06 | (8.87 | ) | (8.81 | ) | (0.01 | ) | — | |||||||||||||||
2021 | 25.84 | 0.05 | 5.78 | 5.83 | (0.09 | ) | — | |||||||||||||||||
2020 | 17.35 | 0.17 | 8.44 | 8.61 | (0.12 | ) | — | |||||||||||||||||
2019 | 14.24 | 0.10 | 3.13 | 3.23 | (0.12 | ) | — | |||||||||||||||||
2018(2) | 15.00 | 0.05 | (0.81 | ) | (0.76 | ) | — | — | ||||||||||||||||
Global X Metaverse ETF | ||||||||||||||||||||||||
2022 (Unaudited) (3) | 24.10 | 0.41 | (0.97 | ) | (0.56 | ) | — | — | ||||||||||||||||
Global X Millennial Consumer ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 42.68 | 0.03 | (13.14 | ) | (13.11 | ) | (0.07 | ) | — | |||||||||||||||
2021 | 35.23 | 0.08 | 7.43 | 7.51 | (0.06 | ) | — | |||||||||||||||||
2020 | 25.55 | 0.05 | 9.74 | 9.79 | (0.10 | ) | (0.01 | ) | ||||||||||||||||
2019 | 21.57 | 0.10 | 3.99 | 4.09 | (0.10 | ) | (0.01 | ) | ||||||||||||||||
2018 | 19.11 | 0.09 | 2.54 | 2.63 | (0.05 | ) | (0.12 | ) | ||||||||||||||||
2017 | 15.58 | 0.07 | 3.51 | 3.58 | (0.05 | ) | — |
152
Financial Highlights | ||
Return of Capital ($) | 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 (Loss) to Average Net Assets (%) | Portfolio Turnover (%)†† | |||||||||||||||||||||||
— | (0.21 | ) | 26.36 | (16.43 | ) | 1,148,036 | 0.50 | † | (0.02 | )† | 16.61 | |||||||||||||||||||
— | (0.02 | ) | 31.75 | 39.68 | 1,132,090 | 0.50^ | 0.41 | 26.34 | ||||||||||||||||||||||
— | (0.15 | ) | 22.75 | 33.78 | 46,634 | 0.50^ | 0.43 | 21.29 | ||||||||||||||||||||||
— | — | 17.14 | 12.25 | 1,714 | 0.50^† | (0.16 | )† | 3.57 | ||||||||||||||||||||||
— | (0.01 | ) | 22.76 | (27.90 | ) | 151,794 | 0.68 | † | 0.47 | † | 12.44 | |||||||||||||||||||
— | (0.09 | ) | 31.58 | 22.60 | 186,334 | 0.68 | 0.17 | 26.37 | ||||||||||||||||||||||
— | (0.12 | ) | 25.84 | 49.84 | 120,169 | 0.68 | 0.79 | 19.45 | ||||||||||||||||||||||
— | (0.12 | ) | 17.35 | 22.87 | 44,245 | 0.68 | 0.61 | 16.34 | ||||||||||||||||||||||
— | — | 14.24 | (5.07 | ) | 42,001 | 0.68 | † | 0.54 | † | 7.93 | ||||||||||||||||||||
— | — | 23.54 | (2.32 | ) | 2,354 | 0.50 | † | 18.51 | † | 19.68 | ||||||||||||||||||||
— | (0.07 | ) | 29.50 | (30.78 | ) | 121,235 | 0.50 | † | 0.14 | † | 10.21 | |||||||||||||||||||
— | (0.06 | ) | 42.68 | 21.33 | 227,075 | 0.50 | 0.18 | 11.59 | ||||||||||||||||||||||
— | (0.11 | ) | 35.23 | 38.47 | 114,511 | 0.50^^ | 0.19 | 7.11 | ||||||||||||||||||||||
— | (0.11 | ) | 25.55 | 19.07 | 75,383 | 0.50^^ | 0.42 | 10.44 | ||||||||||||||||||||||
— | (0.17 | ) | 21.57 | 13.87 | 31,279 | 0.50^^ | 0.40 | 10.94 | ||||||||||||||||||||||
— | (0.05 | ) | 19.11 | 23.05 | 11,467 | 0.54^^ | 0.40 | 20.97 |
* | Per share data calculated using average shares method. |
** | Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. |
† | Annualized. |
†† | Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers. |
^ | Effective April 1, 2021, the Fund’s management fees were permanently lowered to 0.50%. Prior to April 1, 2021, the ratio of Expenses to Average Net Assets included the effect of a waiver. If these offsets were excluded, the ratio would have been 0.52% for the year ended November 30, 2021 and 0.60% for the years ended November 30, 2020 and November 30, 2019. |
^^ | Effective April 1, 2020, the Fund’s fees were permanently lowered to 0.50%. Prior to April 1, 2020, the ratio of Expenses to Average Net Assets included the effect of a waiver. If these offsets were excluded, the ratio would have been 0.56%, 0.68%, 0.68% and 0.68%, for the years ended November 30, 2020, 2019, 2018 and 2017, respectively. |
(1) | The Fund commenced operations on October 25, 2019. |
(2) | The Fund commenced operations on May 11, 2018. |
(3) | The Fund commenced operations on April 26, 2022. |
153
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 ($) | |||||||||||||||||||
Global X Education ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 9.54 | 0.02 | (2.96 | ) | (2.94 | ) | — | *** | — | |||||||||||||||
2021 | 17.14 | 0.01 | (7.60 | ) | (7.59 | ) | — | *** | — | |||||||||||||||
2020(1) | 15.20 | (0.01 | ) | 1.95 | 1.94 | — | — | |||||||||||||||||
Global X Cannabis ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 7.22 | 0.07 | (3.73 | ) | (3.66 | ) | (0.15 | ) | — | |||||||||||||||
2021 | 12.05 | 0.22 | (4.81 | ) | (4.59 | ) | (0.24 | ) | — | |||||||||||||||
2020 | 15.31 | 0.81 | (3.46 | ) | (2.65 | ) | (0.61 | ) | — | |||||||||||||||
2019(2) | 24.41 | 0.22 | (9.32 | ) | (9.10 | ) | — | — | ||||||||||||||||
Global X Genomics & Biotechnology ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 20.61 | (0.02 | ) | (8.60 | ) | (8.62 | ) | (0.01 | ) | — | ||||||||||||||
2021 | 21.01 | (0.08 | ) | (0.29 | ) | (0.37 | ) | — | (0.03 | ) | ||||||||||||||
2020 | 15.61 | (0.07 | ) | 5.47 | 5.40 | — | — | |||||||||||||||||
2019(3) | 15.28 | (0.05 | ) | 0.38 | 0.33 | — | — | |||||||||||||||||
Global X China Biotech Innovation ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 15.96 | — | (6.16 | ) | (6.16 | ) | — | — | ||||||||||||||||
2021 | 14.88 | (0.05 | ) | 1.13 | 1.08 | — | — | |||||||||||||||||
2020(4) | 15.09 | (0.02 | ) | (0.19 | ) | (0.21 | ) | — | — |
154
Financial Highlights | ||
Return of Capital ($) | 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 (Loss) to Average Net Assets (%) | Portfolio Turnover (%)†† | |||||||||||||||||||||||
— | — | 6.60 | (30.80 | ) | 4,025 | 0.50 | † | 0.61 | † | 15.61 | ||||||||||||||||||||
(0.01 | ) | (0.01 | ) | 9.54 | (44.30 | ) | 6,488 | 0.50 | 0.04 | 35.89 | ||||||||||||||||||||
— | — | 17.14 | 12.76 | 6,856 | 0.51 | † | (0.23 | )† | 10.62 | |||||||||||||||||||||
— | (0.15 | ) | 3.41 | (51.54 | ) | 60,703 | 0.50 | † | 2.82 | † | 19.73 | |||||||||||||||||||
— | (0.24 | ) | 7.22 | (38.79 | ) | 105,549 | 0.50 | 1.76 | 113.26 | |||||||||||||||||||||
— | (0.61 | ) | 12.05 | (17.03 | ) | 36,160 | 0.51 | 8.11 | 59.79 | |||||||||||||||||||||
— | — | 15.31 | (37.28 | ) | 4,594 | 0.50 | † | 6.19 | † | 11.40 | ||||||||||||||||||||
— | (0.01 | ) | 11.98 | (41.85 | ) | 171,225 | 0.50 | † | (0.31 | )† | 23.55 | |||||||||||||||||||
— | (0.03 | ) | 20.61 | (1.77 | ) | 255,572 | 0.50 | (0.35 | ) | 29.25 | ||||||||||||||||||||
— | — | 21.01 | 34.59 | 81,951 | 0.56 | ‡ | (0.40 | ) | 29.76 | |||||||||||||||||||||
— | — | 15.61 | 2.16 | 18,734 | 0.68 | † | (0.59 | )† | 23.12 | |||||||||||||||||||||
— | — | 9.80 | (38.60 | ) | 2,647 | 0.65 | † | 0.04 | † | 23.57 | ||||||||||||||||||||
— | — | 15.96 | 7.26 | 4,309 | 0.65 | (0.31 | ) | 50.08 | ||||||||||||||||||||||
— | — | 14.88 | (1.39 | ) | 2,232 | 0.67 | † | (0.65 | )† | 10.48 |
* | 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. |
*** | Amount is less than $0.005. |
† | Annualized. |
†† | Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers. |
‡ | Effective June 15, 2020, the Fund’s fees were permanently lowered to 0.50%. |
(1) | The Fund commenced operations on July 10, 2020. |
(2) | The Fund commenced operations on September 17, 2019. |
(3) | The Fund commenced operations on April 5, 2019. |
(4) | The Fund commenced operations on September 22, 2020. |
Amounts designated as “—” are either $0 or have been rounded to $0.
155
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income (Loss) ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Distribution from Capital Gains ($) | |||||||||||||||||||
Global X Telemedicine & Digital Health ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 16.32 | (0.02 | ) | (4.37 | ) | (4.39 | ) | — | — | |||||||||||||||
2021 | 18.41 | (0.10 | ) | (1.98 | ) | (2.08 | ) | (0.01 | ) | — | ||||||||||||||
2020(1) | 15.23 | 0.01 | 3.17 | 3.18 | — | — | ||||||||||||||||||
Global X Aging Population ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 27.41 | 0.13 | (1.25 | ) | (1.12 | ) | (0.17 | ) | — | |||||||||||||||
2021 | 26.82 | 0.13 | 0.55 | 0.68 | (0.09 | ) | — | |||||||||||||||||
2020 | 23.55 | 0.10 | 3.35 | 3.45 | (0.13 | ) | (0.05 | ) | ||||||||||||||||
2019 | 20.67 | 0.13 | 2.99 | 3.12 | (0.18 | ) | (0.06 | ) | ||||||||||||||||
2018 | 19.60 | 0.13 | 1.14 | 1.27 | (0.09 | ) | (0.11 | ) | ||||||||||||||||
2017 | 15.17 | 0.08 | 4.51 | 4.59 | (0.09 | ) | (0.07 | ) | ||||||||||||||||
Global X Health & Wellness ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 28.04 | 0.07 | (6.44 | ) | (6.37 | ) | (0.14 | ) | — | |||||||||||||||
2021 | 24.11 | 0.20 | 3.87 | 4.07 | (0.14 | ) | — | |||||||||||||||||
2020 | 21.17 | 0.10 | 2.92 | 3.02 | (0.08 | ) | — | |||||||||||||||||
2019 | 18.59 | 0.14 | 2.60 | 2.74 | (0.16 | ) | — | |||||||||||||||||
2018 | 16.75 | 0.14 | 2.18 | 2.32 | (0.15 | ) | (0.33 | ) | ||||||||||||||||
2017 | 14.72 | 0.17 | 1.94 | 2.11 | (0.08 | ) | — |
156
Financial Highlights | ||
Return of Capital ($) | 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 (Loss) to Average Net Assets (%) | Portfolio Turnover (%)†† | |||||||||||||||||||||||
— | — | 11.93 | (26.90 | ) | 170,833 | 0.68 | † | (0.34 | )† | 18.03 | ||||||||||||||||||||
— | (0.01 | ) | 16.32 | (11.32 | ) | 475,576 | 0.68 | (0.52 | ) | 42.39 | ||||||||||||||||||||
— | — | 18.41 | 20.88 | 490,675 | 0.68 | † | 0.18 | † | 9.67 | |||||||||||||||||||||
— | (0.17 | ) | 26.12 | (4.13 | ) | 51,457 | 0.50 | † | 0.94 | † | 11.07 | |||||||||||||||||||
— | (0.09 | ) | 27.41 | 2.51 | 59,756 | 0.50 | 0.43 | 19.57 | ||||||||||||||||||||||
— | (0.18 | ) | 26.82 | 14.79 | 42,907 | 0.50^ | 0.43 | 9.10 | ||||||||||||||||||||||
— | (0.24 | ) | 23.55 | 15.38 | 23,548 | 0.50^ | 0.62 | 14.18 | ||||||||||||||||||||||
— | (0.20 | ) | 20.67 | 6.55 | 15,503 | 0.50^ | 0.63 | 14.39 | ||||||||||||||||||||||
— | (0.16 | ) | 19.60 | 30.58 | 7,841 | 0.52^ | 0.44 | 10.20 | ||||||||||||||||||||||
— | (0.14 | ) | 21.53 | (22.83 | ) | 23,683 | 0.50 | † | 0.59 | † | 9.12 | |||||||||||||||||||
— | (0.14 | ) | 28.04 | 16.90 | 40,091 | 0.50 | 0.71 | 14.90 | ||||||||||||||||||||||
— | (0.08 | ) | 24.11 | 14.34 | 20,496 | 0.50^^ | 0.48 | 20.54 | ||||||||||||||||||||||
— | (0.16 | ) | 21.17 | 14.89 | 20,115 | 0.50^^ | 0.74 | 18.05 | ||||||||||||||||||||||
— | (0.48 | ) | 18.59 | 14.16 | 10,222 | 0.50^^ | 0.77 | 20.93 | ||||||||||||||||||||||
— | (0.08 | ) | 16.75 | 14.38 | 2,512 | 0.54^^ | 1.08 | 16.73 |
* | Per share data calculated using average shares method. |
** | Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. |
† | Annualized. |
†† | Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers. |
^ | Effective April 1, 2020, the Fund’s fees were permanently lowered to 0.50%. Prior to April 1, 2020, the ratio of Expenses to Average Net Assets included the effect of a waiver. If these offsets were excluded, the ratio would have been 0.55%, 0.68%, 0.68% and 0.68%, for the years ended November 30, 2020, 2019, 2018 and 2017, respectively. |
^^ | Effective April 1, 2020, the Fund’s fees were permanently lowered to 0.50%. Prior to April 1, 2020, the ratio of Expenses to Average Net Assets included the effect of a waiver. If these offsets were excluded, the ratio would have been 0.57%, 0.68%, 0.68% and 0.68%, for the years ended November 30, 2020, 2019, 2018 and 2017, respectively. |
(1) | The Fund commenced operations on July 29, 2020. |
Amounts designated as “—” are either $0 or have been rounded to $0.
157
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income (Loss) ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Distribution from Capital Gains ($) | |||||||||||||||||||
Global X CleanTech ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 20.43 | (0.01 | ) | (5.56 | ) | (5.57 | ) | (0.06 | ) | — | ||||||||||||||
2021 | 19.02 | 0.02 | 1.40 | 1.42 | (0.01 | ) | — | |||||||||||||||||
2020(1) | 15.07 | 0.02 | 3.93 | 3.95 | — | — | ||||||||||||||||||
Global X U.S. Infrastructure Development ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 27.19 | 0.10 | (1.38 | ) | (1.28 | ) | (0.09 | ) | (0.01 | ) | ||||||||||||||
2021 | 20.24 | 0.17 | 6.87 | 7.04 | (0.09 | ) | — | *** | ||||||||||||||||
2020 | 17.43 | 0.16 | 2.74 | 2.90 | (0.09 | ) | — | |||||||||||||||||
2019 | 15.57 | 0.13 | 1.90 | 2.03 | (0.17 | ) | — | |||||||||||||||||
2018 | 16.16 | 0.14 | (0.68 | ) | (0.54 | ) | (0.05 | ) | — | |||||||||||||||
2017(2) | 14.98 | 0.10 | 1.08 | 1.18 | — | — | ||||||||||||||||||
Global X Thematic Growth ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 47.65 | 0.51 | (16.08 | ) | (15.57 | ) | (0.59 | ) | — | |||||||||||||||
2021 | 42.45 | 0.39 | 5.10 | 5.49 | (0.29 | ) | — | |||||||||||||||||
2020 | 26.50 | 0.10 | 15.96 | 16.06 | (0.11 | ) | — | |||||||||||||||||
2019(3) | 25.23 | — | 1.27 | 1.27 | — | — | ||||||||||||||||||
Global X AgTech & Food Innovation ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 19.76 | 0.08 | (1.69 | ) | (1.61 | ) | (0.04 | ) | (0.10 | ) | ||||||||||||||
2021(4) | 25.34 | 0.05 | (5.63 | ) | (5.58 | ) | — | — |
158
Financial Highlights | ||
Return of Capital ($) | 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 (Loss) to Average Net Assets (%) | Portfolio Turnover (%)†† | |||||||||||||||||||||||
— | (0.06 | ) | 14.80 | (27.32 | ) | 115,116 | 0.50 | † | (0.18 | )† | 10.02 | |||||||||||||||||||
— | (0.01 | ) | 20.43 | 7.48 | 175,458 | 0.50 | 0.09 | 35.53 | ||||||||||||||||||||||
— | — | 19.02 | 26.21 | 28,523 | 0.50 | † | 1.18 | † | — | |||||||||||||||||||||
— | (0.10 | ) | 25.81 | (4.75 | ) | 4,373,902 | 0.47 | † | 0.72 | † | 8.41 | |||||||||||||||||||
— | (0.09 | ) | 27.19 | 34.90 | 5,186,497 | 0.47 | 0.64 | 10.07 | ||||||||||||||||||||||
— | (0.09 | ) | 20.24 | 16.77 | 653,635 | 0.47 | 0.96 | 9.08 | ||||||||||||||||||||||
— | (0.17 | ) | 17.43 | 13.28 | 183,065 | 0.47^^ | 0.81 | 9.18 | ||||||||||||||||||||||
— | (0.05 | ) | 15.57 | (3.36 | ) | 140,914 | 0.47^^ | 0.77 | 6.76 | |||||||||||||||||||||
— | — | 16.16 | 7.88 | 20,203 | 0.47^^† | 0.91 | † | — | ||||||||||||||||||||||
— | (0.59 | ) | 31.49 | (33.05 | ) | 79,977 | (0.15 | )†‡ | 2.73 | † | 17.32 | |||||||||||||||||||
— | (0.29 | ) | 47.65 | 12.95 | 110,081 | (0.13 | )‡ | 0.77 | 32.16 | |||||||||||||||||||||
— | (0.11 | ) | 42.45 | 60.81 | 36,081 | (0.12 | )‡ | 0.29 | 103.23 | |||||||||||||||||||||
— | — | 26.50 | 5.03 | 2,650 | (0.15 | )†‡ | 0.15 | † | — | |||||||||||||||||||||
— | (0.14 | ) | 18.01 | (8.23 | ) | 5,945 | 0.50 | † | 0.87 | † | 27.58 | |||||||||||||||||||
— | — | 19.76 | (22.02 | ) | 5,533 | 0.51 | † | 0.58 | † | 32.72 |
* | Per share data calculated using average shares method. |
** | Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. |
*** | Amount is less than $0.005. |
† | Annualized. |
†† | Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers. |
^^ | Effective April 1, 2019, the Fund’s fees were permanently lowered to 0.47%. Prior to April 1, 2019, the ratio of Expenses to Average Net Assets included the effect of a waiver. If these offsets were excluded, the ratio would have been 0.50%, 0.58%, and 0.58%, for the years ended November 30, 2019, 2018 and 2017, respectively. |
‡ | The ratio of Expenses to Average Net Assets includes the effect of a reimbursement of acquired fund fees (See Note 3 in Notes to Financial Statements.) If these offsets and acquired fund fees were excluded, the ratio would have been 0.50%. |
(1) | The Fund commenced operations on October 27, 2020. |
(2) | The Fund commenced operations on March 6, 2017. |
(3) | The Fund commenced operations on October 25, 2019. |
(4) | The Fund commenced operations on July 12, 2021. |
Amounts designated as “—” are either $0 or have been rounded to $0.
159
Financial Highlights | ||
Selected Per Share Data & Ratios
For a Share Outstanding Throughout the Period
Net Asset Value, Beginning of Period ($) | Net Investment Income (Loss) ($)* | Net Realized and Unrealized Gain (Loss) on Investments ($) | Total from Operations ($) | Distribution from Net Investment Income ($) | Distribution from Capital Gains ($) | |||||||||||||||||||
Global X Blockchain ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 32.33 | 0.08 | (23.02 | ) | (22.94 | ) | (0.93 | ) | — | |||||||||||||||
2021(1) | 25.01 | 0.06 | 7.26 | 7.32 | — | — | ||||||||||||||||||
Global X Clean Water ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 16.73 | 0.09 | (2.65 | ) | (2.56 | ) | (0.17 | ) | — | *** | ||||||||||||||
2021(2) | 15.04 | 0.26 | 1.47 | 1.73 | (0.04 | ) | — | |||||||||||||||||
Global X Hydrogen ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 24.38 | (0.02 | ) | (10.02 | ) | (10.04 | ) | — | (0.01 | ) | ||||||||||||||
2021(1) | 25.04 | (0.03 | ) | (0.63 | ) | (0.66 | ) | — | — | |||||||||||||||
Global X Solar ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 25.70 | (0.03 | ) | (5.54 | ) | (5.57 | ) | — | — | *** | ||||||||||||||
2021(3) | 24.19 | (0.01 | ) | 1.52 | 1.51 | — | — | |||||||||||||||||
Global X Wind Energy ETF | ||||||||||||||||||||||||
2022 (Unaudited) | 23.76 | 0.07 | (3.95 | ) | (3.88 | ) | (0.01 | ) | — | |||||||||||||||
2021(3) | 24.82 | (0.01 | ) | (1.05 | ) | (1.06 | ) | — | — | |||||||||||||||
Global X Green Building ETF | ||||||||||||||||||||||||
2022(Unaudited) (4) | 25.37 | 0.15 | (1.66 | ) | (1.51 | ) | — | — |
160
Financial Highlights | ||
Return of Capital ($) | 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 (Loss) to Average Net Assets (%) | Portfolio Turnover (%)†† | |||||||||||||||||||||||
— | (0.93 | ) | 8.46 | (72.74 | ) | 68,004 | 0.50 | † | 0.97 | † | 11.61 | |||||||||||||||||||
— | — | 32.33 | 29.27 | 127,720 | 0.50 | † | 0.52 | † | 19.49 | |||||||||||||||||||||
— | (0.17 | ) | 14.00 | (15.51 | ) | 6,300 | 0.50 | † | 1.12 | † | 12.55 | |||||||||||||||||||
— | (0.04 | ) | 16.73 | 11.52 | 8,699 | 0.50 | † | 2.44 | † | 4.84 | ||||||||||||||||||||
— | (0.01 | ) | 14.33 | (41.19 | ) | 32,089 | 0.50 | † | (0.24 | )† | 20.20 | |||||||||||||||||||
— | — | 24.38 | (2.64 | ) | 32,427 | 0.51 | † | (0.33 | )† | 40.38 | ||||||||||||||||||||
— | — | 20.13 | (21.66 | ) | 8,455 | 0.50 | † | (0.31 | )† | 82.09 | ||||||||||||||||||||
— | — | 25.70 | 6.24 | 8,995 | 0.50 | † | (0.22 | )† | 9.85 | |||||||||||||||||||||
— | (0.01 | ) | 19.87 | (16.33 | ) | 3,776 | 0.50 | † | 0.67 | † | 18.46 | |||||||||||||||||||
— | — | 23.76 | (4.27 | ) | 4,514 | 0.50 | † | (0.10 | )† | 23.01 | ||||||||||||||||||||
— | — | 23.86 | (5.95 | ) | 2,386 | 0.45 | † | 4.56 | † | 3.13 |
* | Per share data calculated using average shares method. |
** | Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. |
*** | Amount was 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 July 12, 2021. |
(2) | The Fund commenced operations on April 8, 2021. |
(3) | The Fund commenced operations on September 8, 2021. |
(4) | The Fund commenced operations on April 11, 2022. |
161
Notes to Financial Statements (Unaudited) | ||
May 31, 2022 |
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, (the “1940 Act”) as an open-end management investment company. As of May 31, 2022, the Trust had one hundred and one portfolios, ninety-four of which were operational. The financial statements herein and the related notes pertain to the Global X Robotics & Artificial Intelligence ETF, Global X Internet of Things ETF, Global X FinTech ETF, Global X Video Games & Esports ETF, Global X Autonomous & Electric Vehicles ETF, Global X Cloud Computing ETF, Global X Data Center REITs & Digital Infrastructure ETF, Global X Cybersecurity ETF, Global X Artificial Intelligence & Technology ETF, Global X Metaverse ETF, Global X Millennial Consumer ETF, Global X Education ETF, Global X Cannabis ETF, Global X Genomics & Biotechnology ETF, Global X China Biotech Innovation ETF, Global X Telemedicine & Digital Health ETF, Global X Aging Population ETF, Global X Health & Wellness ETF, Global X CleanTech ETF, Global X U.S. Infrastructure Development ETF, Global X Thematic Growth ETF, Global X AgTech & Food Innovation ETF, Global X Blockchain ETF, Global X Clean Water ETF, Global X Hydrogen ETF, Global X Solar ETF, Global X Wind Energy ETF and Global X Green Building ETF (each a “Fund” and collectively, the “Funds”). Each Fund, other than the Global X Millennial Consumer ETF, Global X Aging Population ETF, Global X Health & Wellness ETF and Global X U.S. Infrastructure Development ETF, has elected non-diversified status under the 1940 Act.
Global X Metaverse ETF commenced operations on April 26, 2022 and Global X Green Building ETF commenced operations on April 11, 2022.
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
162
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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 the NASDAQ Stock Market (“NASDAQ”), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded (or at approximately 4:00 pm Eastern Standard Time if a security’s primary exchange is normally open at that time), or, if there is no such reported sale, at the most recent mean between the quoted bid and asked prices, which approximates fair value (absent both bid and asked prices on such exchange, the bid price may be used).
For securities traded on NASDAQ, the NASDAQ official closing price will be used. 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 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 (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 of the Trust (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, each Fund may fair value a security if an event that may materially affect the value of a Fund’s 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 Fund calculates its net asset value (“NAV”). A Significant Event may relate to a single issuer or to an entire market sector. Events that may be Significant Events include: government actions, natural disasters,
163
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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 NAVs, it may request that a Committee meeting be called. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration all relevant information reasonably available to the Committee. As of May 31, 2022, there were no 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;
Level 2 – Other significant observable inputs (including quoted prices in non-active markets, quoted prices for similar investments, fair value of investments for which the Funds have the ability to fully redeem tranches at NAV as of the measurement date or within the near term, and short-term investments valued at amortized cost); and
Level 3 – Significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments and fair value of investments for which the Funds do not have the ability to fully redeem tranches at NAV as of the measurement date or within the near term).
Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement.
164
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
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.
For the period ended May 31, 2022, there have been no significant changes to the Funds’ fair valuation methodologies.
DUE TO/FROM BROKERS — Due to/from brokers includes cash and collateral balances with the Funds’ clearing brokers or counterparties at May 31, 2022. 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 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.
165
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
As of May 31, 2022, 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 Robotics & Artificial Intelligence ETF | ||||||||||||||||
BNP Paribas | $ | 27,986,515 | $ | 27,986,515 | $ | − | $ | − | ||||||||
Global X Internet of Things ETF | ||||||||||||||||
BNP Paribas | $ | 2,155,488 | $ | 2,155,488 | $ | − | $ | − | ||||||||
Global X FinTech ETF | ||||||||||||||||
BNP Paribas | $ | 29,885,649 | $ | 29,885,649 | $ | − | $ | − | ||||||||
Global X Video Games & Esports ETF | ||||||||||||||||
BNP Paribas | $ | 7,601,889 | $ | 7,601,889 | $ | − | $ | − | ||||||||
Global X Autonomous & Electric Vehicles ETF | ||||||||||||||||
BNP Paribas | $ | 32,958,024 | $ | 32,958,024 | $ | − | $ | − | ||||||||
Global X Artificial Intelligence & Technology ETF | ||||||||||||||||
BNP Paribas | $ | 1,081,641 | $ | 1,081,641 | $ | − | $ | − | ||||||||
Global X Millennial Consumer ETF | ||||||||||||||||
BNP Paribas | $ | 120,982 | $ | 120,982 | $ | − | $ | − | ||||||||
Global X Cannabis ETF | ||||||||||||||||
BNP Paribas | $ | 9,338,332 | $ | 9,338,332 | $ | − | $ | − | ||||||||
Global X Genomics & Biotechnology ETF | ||||||||||||||||
BNP Paribas | $ | 3,480,701 | $ | 3,480,701 | $ | − | $ | − | ||||||||
Global X Telemedicine & Digital Health ETF | ||||||||||||||||
BNP Paribas | $ | 5,052,149 | $ | 5,052,149 | $ | − | $ | − | ||||||||
Global X U.S. Infrastructure Development ETF | ||||||||||||||||
BNP Paribas | $ | 1,522,016 | $ | 1,522,016 | $ | − | $ | − | ||||||||
Global X Thematic Growth ETF | ||||||||||||||||
BNP Paribas | $ | 3,102,821 | $ | 3,102,821 | $ | − | $ | − | ||||||||
Global X Blockchain ETF | ||||||||||||||||
BNP Paribas | $ | 9,947,946 | $ | 9,947,946 | $ | − | $ | − |
* | Repurchase agreements with an overnight and continuous maturity. |
(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%) 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
166
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
conclusions regarding tax positions may be subject to review and adjustment at a later date based on factors including, but not limited to, examination by tax authorities (i.e., the last three tax year ends, as applicable), and on-going analysis of and changes to tax laws, and regulations and interpretations thereof.
If a Fund has foreign tax filings that have not been made, the tax years that remain subject to examination may date back to the inception of the Fund.
As of and during the reporting period ended May 31, 2022, 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 Statements of Operations. During the reporting period, the Funds did not incur any interest or penalties. The Funds are also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next 12 months.
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.
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS — The Funds distribute their net investment income on a pro rata basis. Any net investment income and net realized capital gains are distributed at least annually. All distributions are recorded on the ex-dividend date.
INVESTMENTS IN REITs – With respect to the Funds, dividend income is recorded based on the income included in distributions received from REIT investments using published REIT reclassifications, including some management estimates when actual amounts are not available. Distributions received in excess of these estimated amounts are recorded as a reduction of the cost of investments or reclassified to capital gains. The actual amounts of income, return of capital, and capital gains are only determined by each REIT after its fiscal year end, and may differ from the estimated amounts.
CASH OVERDRAFT CHARGES – Per the terms of an agreement with BBH, if a Fund 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.
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
167
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
dates of such transactions. The Funds do not isolate that portion of realized or unrealized gains and losses resulting from changes in the foreign exchange rate from fluctuations arising from changes in the market prices of the securities. These gains and losses are included in net realized and unrealized gains and losses on investments on the Statements of Operations. Net realized and unrealized gains and losses on foreign currency transactions and translations represent net foreign exchange gains or losses from foreign currency spot contracts, disposition of foreign currencies, currency gains or losses realized between trade and settlement dates on securities transactions and the difference between the amount of the investment income and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent amounts actually received or paid.
CREATION UNITS — The Funds issue and redeem their shares (“Shares”) on a continuous basis at NAV and only in large blocks of 10,000 Shares, referred to as “Creation Units”. Purchasers of Creation Units (“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.
168
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
If a Creation Unit is purchased or redeemed for cash, an additional variable fee may be charged. The following table discloses Creation Unit breakdown:
Creation Unit Shares | Creation Fee | Value at May 31, 2022 | Redemption Fee | |||||||||||||
Global X Robotics & Artificial Intelligence ETF | 10,000 | $ | 600 | $ | 238,700 | $ | 600 | |||||||||
Global X Internet of Things ETF | 10,000 | 600 | 294,700 | 600 | ||||||||||||
Global X FinTech ETF | 10,000 | 400 | 253,200 | 400 | ||||||||||||
Global X Video Games & Esports ETF | 10,000 | 600 | 232,400 | 600 | ||||||||||||
Global X Autonomous & Electric Vehicles ETF | 10,000 | 700 | 249,400 | 700 | ||||||||||||
Global X Cloud Computing ETF | 10,000 | 250 | 178,400 | 250 | ||||||||||||
Global X Data Center REITs & Digital Infrastructure ETF | 10,000 | 300 | 157,200 | 300 | ||||||||||||
Global X Cybersecurity ETF | 10,000 | 250 | 263,600 | 250 | ||||||||||||
Global X Artificial Intelligence & Technology ETF | 10,000 | 600 | 227,600 | 600 | ||||||||||||
Global X Metaverse ETF | 10,000 | 400 | 235,400 | 400 | ||||||||||||
Global X Millennial Consumer ETF | 10,000 | 300 | 295,000 | 300 | ||||||||||||
Global X Education ETF | 10,000 | 500 | 66,000 | 500 | ||||||||||||
Global X Cannabis ETF | 10,000 | 250 | 34,100 | 250 | ||||||||||||
Global X Genomics & Biotechnology ETF | 10,000 | 250 | 119,800 | 250 | ||||||||||||
Global X China Biotech Innovation ETF | 10,000 | 600 | 98,000 | 600 | ||||||||||||
Global X Telemedicine & Digital Health ETF | 10,000 | 250 | 119,300 | 250 | ||||||||||||
Global X Aging Population ETF | 10,000 | 800 | 261,200 | 800 | ||||||||||||
Global X Health & Wellness ETF | 10,000 | 800 | 215,300 | 800 | ||||||||||||
Global X CleanTech ETF | 10,000 | 600 | 148,000 | 600 | ||||||||||||
Global X U.S. Infrastructure Development ETF | 10,000 | 400 | 258,100 | 400 | ||||||||||||
Global X Thematic Growth ETF | 10,000 | 250 | 314,900 | 250 | ||||||||||||
Global X AgTech & Food Innovation ETF | 10,000 | 300 | 180,100 | 300 | ||||||||||||
Global X Blockchain ETF | 10,000 | 250 | 84,600 | 250 | ||||||||||||
Global X Clean Water ETF | 10,000 | 500 | 140,000 | 500 | ||||||||||||
Global X Hydrogen ETF | 10,000 | 300 | 143,300 | 300 | ||||||||||||
Global X Solar ETF | 10,000 | 900 | 201,300 | 900 | ||||||||||||
Global X Wind Energy ETF | 10,000 | 600 | 198,700 | 600 | ||||||||||||
Global X Green Building ETF | 10,000 | 1,000 | 238,600 | 1,000 |
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.
169
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
3. RELATED PARTY TRANSACTIONS 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 respective Funds, under a supervision and administration agreement (the “Supervision and Administration Agreement”), each Fund pays a monthly fee to the Adviser at the annual rate below (stated as a percentage of the average daily net assets of the respective Fund). 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 expenses, (except for Global X Thematic Growth ETF), and other transaction expenses, interest expenses, and extraordinary expenses (such as litigation and indemnification expenses).
The Supervision and Administration Agreement for the Global X Thematic Growth ETF provides that the Adviser also bears the costs for acquired fund fees and expenses generated by investments by the Fund in affiliated investment companies. For the period ended May 31, 2022, the Adviser paid acquired fund fees and expenses of $303,817 and made such reimbursement payments to the Global X Thematic Growth ETF on a monthly basis.
170
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
3. RELATED PARTY TRANSACTIONS AND SERVICE PROVIDER TRANSACTIONS (continued)
The following table discloses the supervision and administration fees payable pursuant to the Supervision and Administration Agreement:
Supervision and Administration Fee | ||||
Global X Robotics & Artificial Intelligence ETF | 0.68 | % | ||
Global X Internet of Things ETF | 0.68 | % | ||
Global X FinTech ETF | 0.68 | % | ||
Global X Video Games & Esports ETF | 0.50 | % | ||
Global X Autonomous & Electric Vehicles ETF | 0.68 | % | ||
Global X Cloud Computing ETF | 0.68 | % | ||
Global X Data Center REITs & Digital Infrastructure ETF | 0.50 | % | ||
Global X Cybersecurity ETF*** | 0.50 | % | ||
Global X Artificial Intelligence & Technology ETF | 0.68 | % | ||
Global X Metaverse ETF | 0.50 | % | ||
Global X Millennial Consumer ETF* | 0.50 | % | ||
Global X Education ETF | 0.50 | % | ||
Global X Cannabis ETF | 0.50 | % | ||
Global X Genomics & Biotechnology ETF | 0.50 | % | ||
Global X China Biotech Innovation ETF | 0.65 | % | ||
Global X Telemedicine & Digital Health ETF | 0.68 | % | ||
Global X Aging Population ETF* | 0.50 | % | ||
Global X Health & Wellness ETF* | 0.50 | % | ||
Global X CleanTech ETF | 0.50 | % | ||
Global X U.S. Infrastructure Development ETF** | 0.47 | % | ||
Global X Thematic Growth ETF | 0.50 | % | ||
Global X AgTech & Food Innovation ETF | 0.50 | % | ||
Global X Blockchain ETF | 0.50 | % | ||
Global X Clean Water ETF | 0.50 | % | ||
Global X Hydrogen ETF | 0.50 | % | ||
Global X Solar ETF | 0.50 | % | ||
Global X Wind Energy ETF | 0.50 | % | ||
Global X Green Building ETF | 0.45 | % |
*Pursuant to expense limitation agreements, prior to April 1, 2020, the Adviser contractually agreed to waive or reimburse fees and/or limit annual fund expenses to the extent necessary to assure that the operating expenses of the Global X Millennial Consumer ETF, the Global X Aging Population ETF and the Global X Health & Wellness ETF (the “Funds”) (exclusive of taxes, brokerage fees, commissions, and other transaction expenses, interest, and extraordinary expenses (such as litigation and indemnification expenses)) would not exceed 0.50% of the Funds’ average daily net assets per
171
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
3. RELATED PARTY TRANSACTIONS AND SERVICE PROVIDER TRANSACTIONS (continued)
year until April 1, 2020. Each Fund (at a later date) may reimburse the Adviser for the fees and expenses it waived or reimbursed and/or limited pursuant to the expense limitation agreement during any of the three fiscal years prior to April 1, 2020, provided that, among other things, any reimbursement made to the Adviser does not cause Total Annual Fund Operating Expenses to exceed the maximum permitted rate during the period in which it is paid and the Board has approved such reimbursement to the Adviser. Although the Board voted to permanently reduce each Fund’s management fees to 0.50% and end the expense limitation agreements as of April 1, 2020, waived or reimbursed fees prior to April 1, 2020 are still subject to recoupment. As of May 31, 2022, the amounts of waivers/reimbursements subject to recoupment for the Global X Millennial Consumer ETF, the Global X Aging Population ETF and the Global X Health & Wellness ETF, $18,918 expiring 2022, $9,461 expiring 2022 and $8,496 expiring 2022, respectively. As of May 31, 2022, there had been no recoupment of previously waived and reimbursed fees.
** Pursuant to an expense limitation agreement between the Global X U.S. Infrastructure Development ETF (the “Fund”) and the Adviser prior to April 1, 2019, the Adviser contractually agreed to reimburse or waive fees and/or limit annual 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, interest, and extraordinary expenses (such as litigation and indemnification expenses)) (“Total Annual Fund Operating Expenses”) would not exceed 0.47% of the Fund’s average daily net assets until April 1, 2019. Pursuant to the expense limitation agreement, the Fund (at a later date) may reimburse the Adviser for the fees it reimbursed or waived and/or limited pursuant to the expense limitation agreement during any of the prior three fiscal years, provided that, among other things, reimbursement to be made to the Adviser does not cause Total Annual Fund Operating Expenses of the Fund to exceed 0.47% during the year in which it is paid and the Board has approved such reimbursement to the Adviser. Although the Board voted to permanently reduce the Fund’s fees to 0.47% and end the expense limitation agreement as of April 1, 2019, prior waived or reimbursed fees are still subject to recoupment. As of May 31, 2022, the amount of waivers/reimbursements subject to recoupment for the Fund was $44,734 expiring in 2022. As of May 31, 2022, there had been no recoupment of previously waived and reimbursed fees.
*** Pursuant to an expense limitation agreement between the Global X Cybersecurity ETF (the “Fund”) and the Adviser prior to April 1, 2021, the Adviser contractually agreed to waive or reimburse fees and/or limit annual 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, interest, and extraordinary expenses (such as litigation and indemnification expenses)) would not exceed 0.50% of the Fund’s average daily net assets until April 1, 2021. The Board voted to permanently reduce the Fund’s fees to 0.50% and end the expense limitation agreement as of April 1, 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
172
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
3. RELATED PARTY TRANSACTIONS AND SERVICE PROVIDER TRANSACTIONS (continued)
be filed or furnished by the Funds under Federal and state securities laws. As compensation for these services, SEIGFS receives certain out-of-pocket costs, transaction fees and asset-based fees which are accrued daily and paid monthly by the Adviser. SEI Investments Distribution Co. (“SIDCO”) serves as the Funds’ underwriter and distributor of Creation Units pursuant to a distribution agreement. SIDCO has no obligation to sell any specific quantity of 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.
BBH serves as the 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 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.
173
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
4. INVESTMENT TRANSACTIONS
For the period ended May 31, 2022, 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 Robotics & Artificial Intelligence ETF | $ | 158,568,384 | $ | 153,269,097 | ||||
Global X Internet of Things ETF | 4,094,760 | 11,342,694 | ||||||
Global X FinTech ETF | 170,587,255 | 230,924,214 | ||||||
Global X Video Games & Esports ETF | 114,497,647 | 136,315,663 | ||||||
Global X Autonomous & Electric Vehicles ETF | 250,664,280 | 241,086,623 | ||||||
Global X Cloud Computing ETF | 150,700,245 | 176,532,917 | ||||||
Global X Data Center REITs & Digital Infrastructure ETF | 18,866,029 | 17,500,729 | ||||||
Global X Cybersecurity ETF | 191,438,324 | 195,642,657 | ||||||
Global X Artificial Intelligence & Technology ETF | 24,139,153 | 20,864,595 | ||||||
Global X Metaverse ETF | 886,563 | 467,790 | ||||||
Global X Millennial Consumer ETF | 18,124,251 | 18,259,371 | ||||||
Global X Education ETF | 801,892 | 811,951 | ||||||
Global X Cannabis ETF | 16,437,284 | 17,570,838 | ||||||
Global X Genomics & Biotechnology ETF | 45,418,927 | 45,496,948 | ||||||
Global X China Biotech Innovation ETF | 781,226 | 779,709 | ||||||
Global X Telemedicine & Digital Health ETF | 47,315,779 | 46,389,334 | ||||||
Global X Aging Population ETF | 6,302,336 | 6,397,386 | ||||||
Global X Health & Wellness ETF | 2,999,972 | 3,778,684 | ||||||
Global X CleanTech ETF | 12,351,388 | 13,226,936 | ||||||
Global X U.S. Infrastructure Development ETF | 418,438,956 | 418,520,246 | ||||||
Global X Thematic Growth ETF | 16,811,949 | 16,689,987 | ||||||
Global X AgTech & Food Innovation ETF | 1,823,036 | 1,659,863 | ||||||
Global X Blockchain ETF | 16,064,794 | 11,758,882 | ||||||
Global X Clean Water ETF | 952,388 | 1,095,250 | ||||||
Global X Hydrogen ETF | 7,367,092 | 6,184,628 | ||||||
Global X Solar ETF | 8,755,348 | 7,242,083 | ||||||
Global X Wind Energy ETF | 774,452 | 752,984 | ||||||
Global X Green Building ETF | 399,795 | 74,881 |
174
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
4. INVESTMENT TRANSACTIONS (continued)
For each of the periods ended May 31, 2022 and November 30, 2021, in-kind transactions associated with creations and redemptions were, respectively:
2022 | Purchases | Sales and Maturities | Realized Gain/(Loss) | |||||||||
Global X Robotics & Artificial Intelligence ETF | $ | 9,152,391 | $ | 227,472,947 | $ | 34,634,105 | ||||||
Global X Internet of Things ETF | 4,273,506 | 64,640,139 | 23,011,813 | |||||||||
Global X FinTech ETF | 78,106,242 | 108,878,861 | 24,031,995 | |||||||||
Global X Video Games & Esports ETF | 5,123,208 | 116,122,197 | (17,274,122 | ) | ||||||||
Global X Autonomous & Electric Vehicles ETF | 321,683,847 | 339,475,310 | 72,139,763 | |||||||||
Global X Cloud Computing ETF | 138,481,193 | 293,649,179 | 34,452,153 | |||||||||
Global X Data Center REITs & Digital Infrastructure ETF | 20,899,960 | 8,025,772 | 856,514 | |||||||||
Global X Cybersecurity ETF | 356,472,431 | 112,860,314 | 15,633,078 | |||||||||
Global X Artificial Intelligence & Technology ETF | 38,881,769 | 19,819,375 | 245,071 | |||||||||
Global X Metaverse ETF | 2,029,877 | – | – | |||||||||
Global X Millennial Consumer ETF | 11,502,933 | 54,502,967 | 13,373,796 | |||||||||
Global X Education ETF | – | 524,626 | (255,824 | ) | ||||||||
Global X Cannabis ETF | 19,424,655 | 1,403,436 | (63,446 | ) | ||||||||
Global X Genomics & Biotechnology ETF | 57,983,480 | 44,886,106 | (1,888,600 | ) | ||||||||
Global X China Biotech Innovation ETF | – | – | – | |||||||||
Global X Telemedicine & Digital Health ETF | 8,887,316 | 244,608,906 | (13,929,595 | ) | ||||||||
Global X Aging Population ETF | 1,957,955 | 7,646,313 | 1,790,626 | |||||||||
Global X Health & Wellness ETF | – | 6,780,692 | (134,496 | ) | ||||||||
Global X CleanTech ETF | 14,932,863 | 29,507,407 | (1,220,578 | ) | ||||||||
Global X U.S. Infrastructure Development ETF | 251,188,020 | 798,120,674 | 202,180,416 | |||||||||
Global X Thematic Growth ETF | 19,195,587 | 9,315,312 | (418,321 | ) | ||||||||
Global X AgTech & Food Innovation ETF | 2,224,666 | 1,430,849 | 387,467 | |||||||||
Global X Blockchain ETF | 74,109,488 | 5,317,460 | (177,306 | ) | ||||||||
Global X Clean Water ETF | – | 981,125 | 59,117 | |||||||||
Global X Hydrogen ETF | 17,030,119 | 898,291 | 120,712 | |||||||||
Global X Solar ETF | 5,617,451 | 5,993,787 | (822,016 | ) | ||||||||
Global X Wind Energy ETF | – | – | – | |||||||||
Global X Green Building ETF | 2,220,556 | – | – |
175
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
4. INVESTMENT TRANSACTIONS (continued)
2021 | Purchases | Sales and Maturities | Realized Gain/(Loss) | |||||||||
Global X Robotics & Artificial Intelligence ETF | $ | 516,176,567 | $ | 268,404,834 | $ | 104,021,753 | ||||||
Global X Internet of Things ETF | 124,298,078 | 5,853,786 | 2,702,825 | |||||||||
Global X FinTech ETF | 455,294,813 | 77,635,643 | 32,639,364 | |||||||||
Global X Video Games & Esports ETF | 438,401,077 | 441,702,887 | 122,014,036 | |||||||||
Global X Autonomous & Electric Vehicles ETF | 1,243,079,372 | 291,206,321 | 85,610,777 | |||||||||
Global X Cloud Computing ETF | 635,933,771 | 853,780,576 | 365,920,393 | |||||||||
Global X Data Center REITs & Digital Infrastructure ETF | 69,706,585 | 9,421,401 | 2,014,075 | |||||||||
Global X Cybersecurity ETF | 1,711,103,704 | 690,141,933 | 61,785,267 | |||||||||
Global X Artificial Intelligence & Technology ETF | 141,480,507 | 118,763,825 | 40,858,235 | |||||||||
Global X Millennial Consumer ETF | 155,261,180 | 68,410,599 | 33,089,756 | |||||||||
Global X Education ETF | 8,876,876 | 2,847,433 | (337,863 | ) | ||||||||
Global X Cannabis ETF | 275,557,718 | 51,606,966 | 24,761,396 | |||||||||
Global X Genomics & Biotechnology ETF | 240,138,908 | 35,229,260 | 13,974,372 | |||||||||
Global X China Biotech Innovation ETF | 630,424 | 485,396 | 145,716 | |||||||||
Global X Telemedicine & Digital Health ETF | 396,173,748 | 342,418,244 | 86,292,306 | |||||||||
Global X Aging Population ETF | 35,801,242 | 19,845,490 | 8,006,911 | |||||||||
Global X Health & Wellness ETF | 27,943,145 | 16,642,208 | 4,758,017 | |||||||||
Global X CleanTech ETF | 155,189,990 | 20,025,277 | 495,401 | |||||||||
Global X U.S. Infrastructure Development ETF | 4,358,056,593 | 348,552,979 | 121,363,658 | |||||||||
Global X Thematic Growth ETF | 153,127,441 | 75,266,423 | 17,652,968 | |||||||||
Global X AgTech & Food Innovation ETF | 6,436,426 | – | – | |||||||||
Global X Blockchain ETF | 128,912,482 | 12,034,770 | 7,300,346 | |||||||||
Global X Clean Water ETF | 7,685,779 | 170,354 | 32,550 | |||||||||
Global X Hydrogen ETF | 30,579,365 | – | – | |||||||||
Global X Solar ETF | 4,426,914 | – | – | |||||||||
Global X Wind Energy ETF | 2,801,043 | – | – |
For the period ended May 31, 2022, there were no purchases or sales of long-term U.S. Government securities by 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.
176
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
5. TAX INFORMATION (continued)
The tax character of dividends and distributions declared during the years or periods ended November 30, 2021 and November 30, 2020 were as follows:
Global X Funds | Ordinary Income | Long-Term Capital Gain | Return of Capital | Totals | ||||||||||||
Global X Robotics & Artificial Intelligence ETF | ||||||||||||||||
2021 | $ | 1,369,174 | $ | – | $ | 3,009,240 | $ | 4,378,414 | ||||||||
2020 | 5,209,655 | – | 891,490 | 6,101,145 | ||||||||||||
Global X Internet of Things ETF | ||||||||||||||||
2021 | $ | 1,320,266 | $ | – | $ | – | $ | 1,320,266 | ||||||||
2020 | 1,147,071 | – | – | 1,147,071 | ||||||||||||
Global X FinTech ETF | ||||||||||||||||
2021 | $ | – | $ | – | $ | – | $ | – | ||||||||
2020 | – | – | – | – | ||||||||||||
Global X Video Games & Esports ETF | ||||||||||||||||
2021 | $ | 4,336,763 | $ | – | $ | – | $ | 4,336,763 | ||||||||
2020 | 67,560 | – | – | 67,560 | ||||||||||||
Global X Autonomous & Electric Vehicles ETF | ||||||||||||||||
2021 | $ | 2,137,703 | $ | – | $ | – | $ | 2,137,703 | ||||||||
2020 | 148,067 | – | – | 148,067 | ||||||||||||
Global X Cloud Computing ETF | ||||||||||||||||
2021 | $ | – | $ | – | $ | – | $ | – | ||||||||
2020 | 158,369 | 57,631 | – | 216,000 | ||||||||||||
Global X Data Center REITs & Digital Infrastructure ETF | ||||||||||||||||
2021 | $ | 239,154 | $ | – | $ | – | $ | 239,154 | ||||||||
2020 | – | – | – | – | ||||||||||||
Global X Cybersecurity ETF | ||||||||||||||||
2021 | $ | 163,450 | $ | 2,499 | $ | – | $ | 165,949 | ||||||||
2020 | 130,636 | – | – | 130,636 | ||||||||||||
Global X Artificial Intelligence & Technology ETF | ||||||||||||||||
2021 | $ | 496,492 | $ | – | $ | – | $ | 496,492 | ||||||||
2020 | 293,815 | – | – | 293,815 | ||||||||||||
Global X Millennial Consumer ETF | ||||||||||||||||
2021 | $ | 197,478 | $ | – | $ | – | $ | 197,478 | ||||||||
2020 | 295,120 | 31,340 | – | 326,460 | ||||||||||||
Global X Education ETF | ||||||||||||||||
2021 | $ | 4,036 | $ | – | $ | 6,036 | $ | 10,072 | ||||||||
2020 | – | – | – | – | ||||||||||||
Global X Cannabis ETF | ||||||||||||||||
2021 | $ | 1,884,853 | $ | – | $ | – | $ | 1,884,853 | ||||||||
2020 | 501,916 | – | – | 501,916 | ||||||||||||
Global X Genomics & Biotechnology ETF | ||||||||||||||||
2021 | $ | 157,150 | $ | – | $ | – | $ | 157,150 | ||||||||
2020 | – | – | – | – | ||||||||||||
Global X China Biotech Innovation ETF | ||||||||||||||||
2021 | $ | – | $ | – | $ | – | $ | – | ||||||||
2020 | – | – | – | – |
177
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
5. TAX INFORMATION (continued)
Global X Funds | Ordinary Income | Long-Term Capital Gain | Return of Capital | Totals | ||||||||||||
Global X Telemedicine & Digital Health ETF | ||||||||||||||||
2021 | $ | 193,332 | $ | – | $ | – | $ | 193,332 | ||||||||
2020 | – | – | – | – | ||||||||||||
Global X Aging Population ETF | ||||||||||||||||
2021 | $ | 168,728 | $ | – | $ | – | $ | 168,728 | ||||||||
2020 | 161,566 | 45,724 | – | 207,290 | ||||||||||||
Global X Health & Wellness ETF | ||||||||||||||||
2021 | $ | 137,684 | $ | – | $ | – | $ | 137,684 | ||||||||
2020 | 95,104 | – | – | 95,104 | ||||||||||||
Global X CleanTech ETF | ||||||||||||||||
2021 | $ | 85,349 | $ | – | $ | – | $ | 85,349 | ||||||||
2020 | – | – | – | – | ||||||||||||
Global X U.S. Infrastructure Development ETF | ||||||||||||||||
2021 | $ | 7,771,784 | $ | – | $ | – | $ | 7,771,784 | ||||||||
2020 | 1,004,004 | – | – | 1,004,004 | ||||||||||||
Global X Thematic Growth ETF | ||||||||||||||||
2021 | $ | 391,721 | $ | – | $ | – | $ | 391,721 | ||||||||
2020 | 16,854 | – | – | 16,854 | ||||||||||||
Global X AgTech & Food Innovation ETF | ||||||||||||||||
2021 | $ | – | $ | – | $ | – | $ | – | ||||||||
Global X Blockchain ETF | ||||||||||||||||
2021 | $ | – | $ | – | $ | – | $ | – | ||||||||
Global X Clean Water ETF | ||||||||||||||||
2021 | $ | 8,160 | $ | – | $ | – | $ | 8,160 | ||||||||
Global X Hydrogen ETF | ||||||||||||||||
2021 | $ | – | $ | – | $ | – | $ | – | ||||||||
Global X Solar ETF | ||||||||||||||||
2021 | $ | – | $ | – | $ | – | $ | – | ||||||||
Global X Wind Energy ETF | ||||||||||||||||
2021 | $ | – | $ | – | $ | – | $ | – |
178
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
5. TAX INFORMATION (continued)
As of November 30, 2021, the components of tax basis distributable earnings (accumulated losses) were as follows:
Global X Funds | ||||||||||||
Global X Robotics & Artificial Intelligence ETF | Global X Internet of Things ETF | Global X FinTech ETF | ||||||||||
Undistributed Ordinary Income | $ | – | $ | 834,626 | $ | 53,277,389 | ||||||
Undistributed Long-Term Capital Gain | – | 628,188 | – | |||||||||
Capital Loss Carryforwards | (150,741,956 | ) | – | (29,232,938 | ) | |||||||
Unrealized Appreciation on Investments and Foreign Currency | 629,295,293 | 140,161,697 | 223,274,194 | |||||||||
Other Temporary Differences | 1 | (5 | ) | 3 | ||||||||
Total Distributable Earnings | $ | 478,553,338 | $ | 141,624,506 | $ | 247,318,648 |
Global X Funds | ||||||||||||
Global X Video Games & Esports ETF | Global X Autonomous & Electric Vehicles ETF | Global X Cloud Computing ETF | ||||||||||
Undistributed Ordinary Income | $ | 1,985,253 | $ | 1,083,211 | $ | – | ||||||
Undistributed Long-Term Capital Gain | 1,007,377 | 547,077 | 21,230,015 | |||||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | (63,806,021 | ) | 89,388,998 | (2,774,947 | ) | |||||||
Late Year Loss Deferral | – | – | (6,996,928 | ) | ||||||||
Other Temporary Differences | (1 | ) | (3 | ) | 2 | |||||||
Total Distributable Earnings (Accumulated Losses) | $ | (60,813,392 | ) | $ | 91,019,283 | $ | 11,458,142 |
Global X Funds | ||||||||||||
Global X Data Center REITs & Digital Infrastructure ETF | Global X Cybersecurity ETF | Global X Artificial Intelligence & Technology ETF | ||||||||||
Undistributed Ordinary Income | $ | 541,477 | $ | 6,460,101 | $ | 76,997 | ||||||
Undistributed Long-Term Capital Gain | 277 | 81,575 | – | |||||||||
Post October Losses | – | (378,665 | ) | – | ||||||||
Capital Loss Carryforwards | – | – | (79,609 | ) | ||||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | 4,904,111 | (10,805,777 | ) | 14,164,157 | ||||||||
Other Temporary Differences | – | 2 | (2 | ) | ||||||||
Total Distributable Earnings (Accumulated Losses) | $ | 5,445,865 | $ | (4,642,764 | ) | $ | 14,161,543 |
179
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
5. TAX INFORMATION (continued)
Global X Funds | ||||||||||||
Global X Millennial Consumer ETF | Global X Education ETF | Global X Cannabis ETF | ||||||||||
Undistributed Ordinary Income | $ | 265,511 | $ | – | $ | 1,140,709 | ||||||
Capital Loss Carryforwards | (466,313 | ) | (896,391 | ) | (66,990,231 | ) | ||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | 20,439,830 | (5,612,102 | ) | (108,927,806 | ) | |||||||
Other Temporary Differences | (1 | ) | – | (2 | ) | |||||||
Total Distributable Earnings (Accumulated Losses) | $ | 20,239,027 | $ | (6,508,493 | ) | $ | (174,777,330 | ) |
Global X Funds | ||||||||||||
Global X Genomics & Biotechnology ETF | Global X China Biotech Innovation ETF | Global X Telemedicine & Digital Health ETF | ||||||||||
Undistributed Ordinary Income | $ | 20,335 | $ | – | $ | – | ||||||
Capital Loss Carryforwards | (4,935,526 | ) | (342,730 | ) | (5,333,192 | ) | ||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | (30,476,601 | ) | 24,336 | (114,166,327 | ) | |||||||
Late Year Loss Deferral | – | (14,496 | ) | (3,327,178 | ) | |||||||
Other Temporary Differences | 1 | – | (1 | ) | ||||||||
Total Accumulated Losses | $ | (35,391,791 | ) | $ | (332,890 | ) | $ | (122,826,698 | ) |
Global X Funds | ||||||||||||
Global X Aging Population ETF | Global X Health & Wellness ETF | Global X CleanTech ETF | ||||||||||
Undistributed Ordinary Income | $ | 148,495 | $ | 188,616 | $ | 399,782 | ||||||
Capital Loss Carryforwards | (607,603 | ) | (207,413 | ) | (10,334,015 | ) | ||||||
Unrealized Depreciation on Investments and Foreign Currency | (1,956,466 | ) | (492,694 | ) | (23,164,452 | ) | ||||||
Other Temporary Differences | – | – | (4 | ) | ||||||||
Total Accumulated Losses | $ | (2,415,574 | ) | $ | (511,491 | ) | $ | (33,098,689 | ) |
Global X Funds | ||||||||||||
Global X U.S. Infrastructure Development ETF | Global X Thematic Growth ETF | Global X AgTech & Food Innovation ETF | ||||||||||
Undistributed Ordinary Income | $ | 15,555,496 | $ | 351,357 | $ | 36,941 | ||||||
Capital Loss Carryforwards | – | (602,290 | ) | – | ||||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | 449,921,063 | (16,497,616 | ) | (1,006,982 | ) | |||||||
Other Temporary Differences | 2 | (2 | ) | 1 | ||||||||
Total Distributable Earnings (Accumulated Losses) | $ | 465,476,561 | $ | (16,748,551 | ) | $ | (970,040 | ) |
180
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
5. TAX INFORMATION (continued)
Global X Funds | ||||||||||||
Global X Blockchain ETF | Global X Clean Water ETF | Global X Hydrogen ETF | ||||||||||
Undistributed Ordinary Income | $ | 4,557,761 | $ | 76,275 | $ | 15,747 | ||||||
Capital Loss Carryforwards | (1,816,728 | ) | – | – | ||||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | (685,639 | ) | 115,799 | (680,519 | ) | |||||||
Other Temporary Differences | (1 | ) | – | – | ||||||||
Total Distributable Earnings (Accumulated Losses) | $ | 2,055,393 | $ | 192,074 | $ | (664,772 | ) |
Global X Funds | ||||||||
Global X Solar ETF | Global X Wind Energy ETF | |||||||
Undistributed Ordinary Income | $ | 2,117 | $ | – | ||||
Capital Loss Carryforwards | – | (1,716 | ) | |||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency | 8,237 | (250,717 | ) | |||||
Late Year Loss Deferral | – | (1,046 | ) | |||||
Other Temporary Differences | – | (2 | ) | |||||
Total Distributable Earnings (Accumulated Losses) | $ | 10,354 | $ | (253,481 | ) |
Qualified late year ordinary (including currency and specified gain/loss items) and Post-October capital losses represent losses realized from January 1, 2021 through November 30, 2021 and November 1, 2021 through November 30, 2021, respectively, that in accordance with Federal income tax regulations, the Funds have elected to defer and treat as having arisen in the following fiscal year.
181
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
5. TAX INFORMATION (continued)
For taxable years beginning after December 22, 2010, a Registered Investment Company within the meaning of the 1940 Act is permitted to carry forward net capital losses to offset capital gains realized in later years, and the losses carried forward retain their original character as either long-term or short-term losses. Losses carried forward under these provisions are as follows:
Global X Funds | Short-Term Loss | Long-Term Loss | Total | |||||||||
Global X Robotics & Artificial Intelligence ETF | $ | 84,566,247 | $ | 66,175,709 | $ | 150,741,956 | ||||||
Global X FinTech ETF | 9,879,322 | 19,353,616 | 29,232,938 | |||||||||
Global X Artificial Intelligence & Technology ETF | 79,609 | - | 79,609 | |||||||||
Global X Millennial Consumer ETF | 466,313 | - | 466,313 | |||||||||
Global X Education ETF | 892,023 | 4,368 | 896,391 | |||||||||
Global X Cannabis ETF | 66,990,231 | - | 66,990,231 | |||||||||
Global X Genomics & Biotechnology ETF | 4,935,526 | - | 4,935,526 | |||||||||
Global X China Biotech Innovation ETF | 342,730 | - | 342,730 | |||||||||
Global X Telemedicine & Digital Health ETF | 5,333,192 | - | 5,333,192 | |||||||||
Global X Aging Population ETF | 395,424 | 212,179 | 607,603 | |||||||||
Global X Health & Wellness ETF | 32,918 | 174,495 | 207,413 | |||||||||
Global X CleanTech ETF | 10,334,015 | - | 10,334,015 | |||||||||
Global X Thematic Growth ETF | 602,290 | - | 602,290 | |||||||||
Global X Blockchain ETF | 1,816,728 | - | 1,816,728 | |||||||||
Global X Wind Energy ETF | 1,716 | - | 1,716 |
During the year ended November 30, 2021, 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 Robotics & Artificial Intelligence ETF | $ | 3,842,429 | $ | - | $ | 3,842,429 | ||||||
Global X Internet of Things ETF | 2,400,581 | 1,093,750 | 3,494,331 | |||||||||
Global X FinTech ETF | 1,103,918 | 2,017,792 | 3,121,710 | |||||||||
Global X Autonomous & Electric Vehicles ETF | 624,629 | 418,854 | 1,043,483 | |||||||||
Global X Cloud Computing ETF | 1,239,928 | - | 1,239,928 | |||||||||
Global X Artificial Intelligence & Technology ETF | 381,637 | 157,197 | 538,834 | |||||||||
Global X Millennial Consumer ETF | 381,063 | - | 381,063 | |||||||||
Global X Cannabis ETF | - | 146,699 | 146,699 | |||||||||
Global X Health & Wellness ETF | 142,079 | - | 142,079 |
182
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
5. TAX INFORMATION (continued)
The Federal tax cost basis of investments and aggregate gross unrealized appreciation and depreciation on investments held by the Funds at May 31, 2022, were as follows:
Global X Funds | Federal Tax Cost | Aggregated Gross Unrealized Appreciation | Aggregated Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) | ||||||||||||
Global X Robotics & Artificial Intelligence ETF | $ | 1,926,657,153 | $ | 239,378,657 | $ | (525,508,338 | ) | $ | (286,129,681 | ) | ||||||
Global X Internet of Things ETF | 333,661,240 | 46,450,992 | (35,355,982 | ) | 11,095,010 | |||||||||||
Global X FinTech ETF | 992,447,878 | 46,386,359 | (282,255,012 | ) | (235,868,653 | ) | ||||||||||
Global X Video Games & Esports ETF | 395,232,823 | 5,361,077 | (121,235,657 | ) | (115,874,580 | ) | ||||||||||
Global X Autonomous & Electric Vehicles ETF | 1,329,709,398 | 52,282,437 | (256,858,099 | ) | (204,575,662 | ) | ||||||||||
Global X Cloud Computing ETF | 1,114,868,360 | 31,220,920 | (436,499,942 | ) | (405,279,022 | ) | ||||||||||
Global X Data Center REITs & Digital Infrastructure ETF | 97,193,279 | 2,656,264 | (9,155,887 | ) | (6,499,623 | ) | ||||||||||
Global X Cybersecurity ETF | 1,358,369,477 | 51,608,486 | (262,047,190 | ) | (210,438,704 | ) | ||||||||||
Global X Artificial Intelligence & Technology ETF | 194,575,259 | 4,098,444 | (44,866,767 | ) | (40,768,323 | ) | ||||||||||
Global X Metaverse ETF | 2,426,070 | 98,046 | (173,951 | ) | (75,905 | ) | ||||||||||
Global X Millennial Consumer ETF | 173,164,867 | 2,975,910 | (54,744,979 | ) | (51,769,069 | ) | ||||||||||
Global X Education ETF | 10,481,009 | 151,582 | (6,616,569 | ) | (6,464,987 | ) | ||||||||||
Global X Cannabis ETF | 191,242,917 | 60,886 | (111,009,469 | ) | (110,948,583 | ) | ||||||||||
Global X Genomics & Biotechnology ETF | 279,774,253 | 4,586,539 | (105,944,579 | ) | (101,358,040 | ) | ||||||||||
Global X China Biotech Innovation ETF | 3,705,418 | 119,042 | (1,183,075 | ) | (1,064,033 | ) | ||||||||||
Global X Telemedicine & Digital Health ETF | 332,807,306 | 4,932,631 | (156,739,482 | ) | (151,806,851 | ) | ||||||||||
Global X Aging Population ETF | 57,320,304 | 3,763,325 | (9,690,865 | ) | (5,927,540 | ) | ||||||||||
Global X Health & Wellness ETF | 31,286,051 | 899,004 | (8,543,946 | ) | (7,644,942 | ) | ||||||||||
Global X CleanTech ETF | 170,221,760 | 709,255 | (55,938,183 | ) | (55,228,928 | ) | ||||||||||
Global X U.S. Infrastructure Development ETF | 4,346,938,125 | 347,545,036 | (321,783,611 | ) | 25,761,425 | |||||||||||
Global X Thematic Growth ETF | 131,127,202 | – | (44,844,921 | ) | (44,844,921 | ) | ||||||||||
Global X AgTech & Food Innovation ETF | 8,172,042 | 492,754 | (2,180,435 | ) | (1,687,681 | ) | ||||||||||
Global X Blockchain ETF | 188,692,961 | 95,141 | (100,075,497 | ) | (99,980,356 | ) | ||||||||||
Global X Clean Water ETF | 7,363,065 | 69,641 | (1,142,662 | ) | (1,073,021 | ) | ||||||||||
Global X Hydrogen ETF | 45,424,051 | 469,267 | (10,932,492 | ) | (10,463,225 | ) | ||||||||||
Global X Solar ETF | 7,402,436 | 1,094,692 | (52,937 | ) | 1,041,755 | |||||||||||
Global X Wind Energy ETF | 4,418,863 | 107,805 | (755,530 | ) | (647,725 | ) | ||||||||||
Global X Green Building ETF | 2,545,048 | 14,420 | (180,963 | ) | (166,543 | ) | ||||||||||
The difference between book-basis and tax-basis unrealized appreciation (depreciation) is due to differences in the timing of recognition of gains and losses on investments for tax and book purposes. The Funds’ net unrealized appreciation difference is attributable primarily to wash sales, mark-to-market treatment of passive foreign investment companies and partnership adjustments.
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.
183
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
6. CONCENTRATION OF RISKS
The Funds may invest in companies focused on business activities in emerging economic themes. Such thematic companies typically face intense competition and potentially rapid product obsolescence. Thematic companies may have limited product lines, markets, financial resources or personnel. These companies typically engage in significant amounts of spending on research and development, capital expenditures and mergers and acquisitions, and there is no guarantee that the products or services produced by these companies will be successful. These companies are also frequently dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. There can be no assurance these companies will be able to successfully protect their intellectual property to prevent the misappropriation of their technology, or that competitors will not develop technology that is substantially similar or superior to such companies’ technology. Such companies may be potential targets for cyberattacks, which can have a materially adverse impact on the performance of these companies. The emergent nature of many economic themes could result in increasing regulatory scrutiny in the future, which may impede the growth of companies that develop and/or focus on such economic themes. Similarly, the collection of data from consumers and other sources is frequently a critical component in emerging economic themes and could face increased scrutiny as regulators consider how the data is collected, stored, safeguarded and used. Finally, these companies may be involved in young, fast evolving industries with increased exposure to the risks associated with changes in applicable laws (including regulation, other rule changes, and related Federal and state enforcement activities), as well as market developments, which may cause businesses to contract or close suddenly and negatively impact the value of these companies.
Special Risk Considerations of Investing in China – Variable Interest Entity Investments. For purposes of raising capital offshore on exchanges outside of China, including on U.S. exchanges, many Chinese-based operating companies are structured as Variable Interest Entities (“VIEs”). In this structure, the Chinese-based operating company is the VIE and establishes a shell company in a foreign jurisdiction, such as the Cayman Islands. The shell company lists on a foreign exchange and enters into contractual arrangements with the VIE. This structure allows Chinese companies in which the Chinese government restricts foreign ownership to raise capital from foreign investors. While the shell company has no equity ownership of the VIE, these contractual arrangements permit the shell company to consolidate the VIE’s financial statements with its own for accounting purposes and provide for economic exposure to the performance of the underlying Chinese operating company. Therefore, an investor in the listed shell company, such as certain of the Funds, will have exposure to the Chinese-based operating company only through contractual arrangements and has no ownership in the Chinese-based operating company. Furthermore, because the shell company only has specific rights provided for in these service agreements with the VIE, its abilities to control the activities at the Chinese-based operating company are limited and the operating company may engage in activities that negatively impact investment value. While the VIE structure has been
184
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
6. CONCENTRATION OF RISKS (continued)
widely adopted, it is not formally recognized under Chinese law and therefore there is a risk that the Chinese government could prohibit the existence of such structures or negatively impact the VIE’s contractual arrangements with the listed shell company by declaring them invalid. If these contracts were found to be unenforceable under Chinese law, investors in the listed shell company, such as the Fund, may suffer significant losses with little or no recourse available. If the Chinese government determines that the agreements establishing the VIE structures do not comply with Chinese law and regulations, including those related to restrictions on foreign ownership, it could subject a Chinese-based issuer to penalties, revocation of business and operating licenses, or forfeiture of ownership interest. In addition, the listed shell company’s control over a VIE may also be jeopardized if a natural person who holds the equity interest in the VIE breaches the terms of the agreement, is subject to legal proceedings or if any physical instruments for authenticating documentation, such as chops and seals, are used without the Chinese-based issuer’s authorization to enter into contractual arrangements in China. Chops and seals, which are carved stamps used to sign documents, represent a legally binding commitment by the company. Moreover, any future regulatory action may prohibit the ability of the shell company to receive the economic benefits of the Chinese based operating company, which may cause the value of a Fund’s investment in the listed shell company to suffer a significant loss. For example, in 2021, the Chinese government prohibited use of the VIE structure for investment in after-school tutoring companies. There is no guarantee that the government will not place similar restrictions on other industries.
On June 3, 2021, President Biden expanded upon a previously issued executive order that prohibited U.S. persons from transacting in publicly traded securities designated by the U.S. Department of Defense as “Communist Chinese Military Companies” or “CCMCs” or in instruments that are derivative of, or are designed to provide investment exposure to, prohibited CCMC securities. President Biden’s executive order (the “Executive Order”) retains the structure of the investment-based CCMC sanctions program introduced in late 2020 but expands the prohibitions to address threats from the use of Chinese surveillance technology outside the People’s Republic of China and the development or use of Chinese surveillance technology to facilitate repression or serious human rights abuse.
Under the Executive Order, U.S. persons will be prohibited from engaging in the purchase or sale of publicly-traded securities, as well as securities derivative of, or designed to provide investment exposure to, such securities. This prohibition took effect on August 2, 2021 for entities listed in the Appendix to the Executive Order (and 60 days after designation, with respect to subsequently designated entities). In addition, U.S. persons were required to divest of targeted securities of entities listed in the Appendix to the Executive Order by June 3, 2022 (or 365 days from designation, with respect to subsequently designated entities).
185
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
6. CONCENTRATION OF RISKS (continued)
The Executive Order replaces the previous list of CCMCs with a new Non-SDN Chinese Military Industrial Complex Companies List. The U.S. Department of the Treasury, rather than the U.S. Department of Defense, will make designations going forward.
These actions, any future sanctions or other actions, or even the threat of further sanctions or other actions, may negatively affect the value and liquidity of certain of the Funds’ investments. For example, a Fund may be prohibited from investing in securities issued by companies subject to such sanctions. In addition, sanctions may require a Fund to freeze its existing investments, prohibiting such Fund from buying, selling or otherwise transacting in these investments. Each Fund may be subject to taxes imposed by countries in which they invest. Such taxes are generally based on either income or gains earned or repatriated. The Funds accrue and apply such taxes to net investment income, net realized gains and net unrealized gains as income and/or capital gains are earned.
The 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 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 its underlying index).
Commodity related securities are susceptible to fluctuations in certain commodity markets. Any negative changes in commodity markets could have a substantial impact on these Funds.
The elimination of the London Inter-Bank Offered Rate (“LIBOR”) may adversely affect the interest rates on, and value of, certain Fund investments for which the value is tied to LIBOR. The U.K. Financial Conduct Authority has announced that it intends to stop compelling or inducing banks to submit LIBOR rates after 2021. On March 5, 2021, the administrator of LIBOR clarified that the publication of LIBOR on a representative basis will cease for the one-week and two-month U.S. dollar LIBOR settings immediately after December 31, 2021, and for the remaining U.S. dollar LIBOR settings immediately after June 30, 2023. Alternatives to LIBOR are established or in development in most major currencies, including the Secured Overnight Financing Rate (“SOFR”), which is intended to replace U.S. dollar LIBOR. Markets are slowly developing in response to these new rates. Questions regarding the impact of this transition remain a concern for the Funds. Accordingly, it is difficult to predict the full impact of the transition away from LIBOR
186
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
6. CONCENTRATION OF RISKS (continued)
on the Funds until new reference rates and fallbacks for both legacy and new products, instruments and contracts are commercially accepted.
A more complete description of risks is included in each Fund’s Prospectus and Statement of Additional Information.
7. LOANS OF PORTFOLIO SECURITIES
Each Fund may lend portfolio securities having a market value up to one-third of its 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 values of the securities loaned were to increase and the borrower did not increase the collateral accordingly and the borrower failed 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 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.
187
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
7. LOANS OF PORTFOLIO SECURITIES (continued)
At May 31, 2022, the following Funds had securities on loan, by counterparty:
Market Value | Cash Collateral | |||||||
Global X Robotics & Artificial Intelligence ETF | ||||||||
Barclays Capital Inc. | $ | 5,452,458 | $ | 5,685,700 | ||||
BNP Paribas Securities Corp | 478,325 | 531,230 | ||||||
BofA Securities Inc. | 6,075,072 | 6,561,897 | ||||||
Citigroup | 6,404,140 | 6,559,133 | ||||||
Goldman Sachs & Co. | 5,303,845 | 5,681,479 | ||||||
J.P. Morgan Securities LLC | 4,928,903 | 5,150,891 | ||||||
Morgan Stanley & Co. LLC | 21,813,313 | 22,428,162 | ||||||
National Financial Services LLC | 739,212 | 805,620 | ||||||
Nomura Securities International Inc | 609,351 | 645,100 | ||||||
Scotia Capital | 127,502 | 135,000 | ||||||
SG Americas Securities | 1,073,047 | 1,143,625 | ||||||
UBS AG London Branch | 315,986 | 334,500 | ||||||
UBS Securities LLC | 2,311,716 | 2,451,995 | ||||||
Total | $ | 55,632,870 | $ | 58,114,332 |
Global X Internet of Things ETF | ||||||||
Barclays Capital Inc. | $ | 218,120 | $ | 233,700 | ||||
BNP Paribas Securities Corp | 284,640 | 286,680 | ||||||
Citigroup | - | 822,305 | ||||||
Credit Suisse Securities | 437,787 | 471,661 | ||||||
Goldman Sachs & Co. | 496,710 | 524,414 | ||||||
J.P. Morgan Securities LLC | 1,812,840 | 1,956,678 | ||||||
SG Americas Securities | 163,362 | 180,458 | ||||||
Total | $ | 3,413,459 | $ | 4,475,896 |
Global X FinTech ETF | ||||||||
Barclays Capital Inc. | $ | 5,708,700 | $ | 5,843,160 | ||||
BMO Capital Markets | 481,610 | 483,155 | ||||||
BNP Parabis S.A. (New York Branch) | 15,512 | 17,760 | ||||||
BNP Paribas Securities Corp | 746,665 | 768,395 | ||||||
BofA Securities Inc. | 9,430,767 | 9,117,208 | (1) | |||||
Citigroup | 5,445,838 | 5,580,154 | ||||||
Goldman Sachs & Co. | 3,087,188 | 3,225,150 | ||||||
J.P. Morgan Securities LLC | 4,675,753 | 4,841,667 | ||||||
Morgan Stanley & Co. LLC | 26,033,820 | 26,409,504 | ||||||
National Financial Services LLC | 17,270 | 18,920 | ||||||
Scotia Capital | 1,997,834 | 2,208,311 | ||||||
UBS AG London Branch | 172,956 | 198,024 | ||||||
UBS Securities LLC | 3,258,437 | 3,374,290 | ||||||
Total | $ | 61,072,350 | $ | 62,085,698 |
188
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
7. LOANS OF PORTFOLIO SECURITIES (continued)
Market Value | Cash Collateral | |||||||
Global X Video Games & Esports ETF | ||||||||
Barclays Capital Inc. | $ | 60,345 | $ | 58,725 | (1) | |||
BNP Paribas Securities Corp. | 218,355 | 215,525 | (1) | |||||
BofA Securities Inc. | 794,396 | 846,370 | ||||||
Citigroup | 4,869,713 | 5,128,055 | ||||||
Goldman Sachs & Co. | 1,116,540 | 1,169,004 | ||||||
J.P. Morgan Securities LLC | 1,179,197 | 1,252,728 | ||||||
Morgan Stanley & Co. LLC | 4,482,930 | 4,366,760 | (1) | |||||
National Financial Services LLC | 112,080 | 121,170 | ||||||
Normura Securities International Inc. | 55,680 | 69,600 | ||||||
UBS AG London Branch | 141,829 | 2,625,682 | ||||||
Total | $ | 13,031,065 | $ | 15,853,619 |
Global X Autonomous & Electric Vehicles ETF | ||||||||
Barclays Capital Inc. | $ | 1,097,854 | $ | 1,078,200 | (1) | |||
BMO Capital Markets | 1,715,942 | 1,813,585 | ||||||
BNP Paribas Securities Corp. | 7,156,178 | 7,345,180 | ||||||
BofA Securities Inc. | 5,869,096 | 6,428,463 | ||||||
Citigroup | 3,803,342 | 4,227,630 | ||||||
Goldman Sachs & Co. | 18,511,539 | 19,804,488 | ||||||
J.P. Morgan Securities LLC | 3,745,638 | 4,012,650 | ||||||
Morgan Stanley & Co. LLC | 10,387,587 | 10,793,898 | ||||||
National Financial Services LLC | 2,047,525 | 2,187,658 | ||||||
Normura Securities International Inc. | 297,563 | 315,000 | ||||||
Scotia Capital | 7,126,521 | 7,814,147 | ||||||
UBS AG London Branch | 503,586 | 521,160 | ||||||
UBS Securities LLC | 2,535,749 | 2,561,724 | ||||||
Total | $ | 64,798,120 | $ | 68,903,783 |
Global X Artificial Intelligence & Technology ETF | ||||||||
BNP Paribas Securities Corp. | $ | 268,906 | $ | 266,030 | (1) | |||
BofA Securities Inc. | 1,455,888 | 1,481,025 | ||||||
Citigroup | 205,733 | 209,611 | ||||||
J.P. Morgan Securities LLC | 258,427 | 268,775 | ||||||
Wells Fargo Securities LLC | 20,160 | 20,600 | ||||||
Total | $ | 2,209,114 | $ | 2,246,041 |
Global X Millennial Consumer ETF | ||||||||
BNP Paribas Securities Corp. | $ | 244,110 | $ | 251,220 | ||||
Total | $ | 244,110 | $ | 251,220 |
189
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
7. LOANS OF PORTFOLIO SECURITIES (continued)
Market Value | Cash Collateral | |||||||
Global X Cannabis ETF | ||||||||
Barclays Capital Inc. | $ | 4,643,338 | $ | 4,901,524 | ||||
BMO Capital Markets | 126,431 | 134,744 | ||||||
BNP Parabis S.A. (New York Branch) | 216,780 | 238,814 | ||||||
BNP Paribas Securities (USA) LLC | 930,459 | 957,315 | ||||||
Credit Suisse Securities | 119,327 | 149,997 | ||||||
Goldman Sachs & Co. | 630,734 | 704,218 | ||||||
J.P. Morgan Securities LLC | 3,857,896 | 4,266,770 | ||||||
Morgan Stanley & Co. LLC | 2,456,855 | 2,565,569 | ||||||
National Financial Services LLC | 37,633 | 42,500 | ||||||
Scotia Capital | 3,309,407 | 3,483,249 | ||||||
UBS AG London Branch | 1,125,225 | 1,215,032 | ||||||
UBS Securities LLC | 377,471 | 962,200 | ||||||
Total | $ | 17,831,556 | $ | 19,621,932 |
Global X Genomics & Biotechnology ETF | ||||||||
Barclays Capital Inc. | $ | 1,480,373 | $ | 1,711,414 | ||||
Citigroup | 476,501 | 539,683 | ||||||
Goldman Sachs & Co. | 2,081,519 | 2,184,885 | | |||||
Morgan Stanley & Co. LLC | 1,029,815 | 1,081,535 | ||||||
UBS AG London Branch | 964,659 | 921,500 | (1) | |||||
Wells Fargo Securities LLC | 766,260 | 788,700 | ||||||
Total | $ | 6,799,127 | $ | 7,227,717 |
Global X Telemedicine & Digital Health ETF | ||||||||
Barclays Capital Inc. | $ | 434,072 | $ | 466,300 | ||||
Citigroup | 3,926,868 | 4,126,036 | ||||||
Goldman Sachs & Co. | 4,926,522 | 5,270,018 | ||||||
National Financial Services LLC | 235,301 | 251,093 | ||||||
UBS AG London Branch | 272,600 | 377,400 | ||||||
Total | $ | 9,795,363 | $ | 10,490,847 |
Global X U.S. Infrastructure Development ETF | ||||||||
UBS Securities LLC | $ | 3,062,844 | $ | 3,160,485 | ||||
Total | $ | 3,062,844 | $ | 3,160,485 |
Global X Thematic Growth ETF | ||||||||
Barclays Capital Inc. | $ | 946,580 | $ | 993,750 | ||||
Citigroup | 291,295 | 301,875 | ||||||
Goldman Sachs & Co. | 1,262,228 | 1,308,776 | ||||||
Morgan Stanley & Co. LLC | 3,005,838 | 3,130,380 | ||||||
UBS AG London Branch | 385,776 | 708,264 | ||||||
Total | $ | 5,891,717 | $ | 6,443,045 |
190
Notes to Financial Statements (Unaudited) (Continued) | ||
May 31, 2022 |
7. LOANS OF PORTFOLIO SECURITIES (continued)
Market Value | Cash Collateral | |||||||
Global X Blockchain ETF | ||||||||
BMO Capital Markets | $ | 802,138 | $ | 781,353 | (1) | |||
BNP Parabis S.A. (New York Branch) | 263,958 | 302,216 | ||||||
BNP Paribas Securities Corp. | 406,120 | 399,620 | (1) | |||||
BofA Securities Inc. | 5,845,654 | 6,488,937 | ||||||
Goldman Sachs & Co. | 4,327,962 | 4,719,477 | ||||||
J.P. Morgan Securities LLC | 857,489 | 852,600 | (1) | |||||
National Financial Services LLC | 4,156,053 | 4,128,750 | (1) | |||||
Nomura Securities International Inc. | 221,143 | 245,698 | ||||||
Scotia Capital | 2,479,404 | 2,750,016 | ||||||
Total | $ | 19,359,921 | $ | 20,668,667 |
(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.
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. REGULATORY MATTERS
In December 2020, the U.S. Securities and Exchange Commission (the “SEC) adopted a new rule providing a framework for fund valuation practices (“Rule 2a-5”). Rule 2a-5 establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 will permit fund boards to designate certain parties to perform fair value determinations, subject to board oversight and certain other conditions. Rule 2a-5 also defines when market quotations are “readily available” for purposes of the 1940 Act and the threshold for determining whether a fund must fair value a security. In connection with Rule 2a-5, the SEC also adopted a related recordkeeping rule, (together with Rule 2a-5, the “Rules”) and is rescinding previously issued guidance, including with respect to the role of a board in determining fair value and the accounting and auditing of fund investments. The Funds will be required to comply with the Rules by September 8, 2022. Management is currently assessing the potential impact of the new Rules on the Funds’ financial statements.
191
Notes to Financial Statements (Unaudited) (Concluded) | ||
May 31, 2022 |
10. SUBSEQUENT EVENTS
The Board of the Trust approved a reverse stock split of one to six (1:6) of the issued and outstanding shares of the Global X Cannabis ETF (the “Reverse Stock Split”). The Reverse Stock Split was completed after the close of business on June 10, 2022.
The Funds have been evaluated by management regarding the need for additional disclosures (other than what is disclosed in the preceding paragraph) and/or adjustments resulting from subsequent events. Based on this evaluation, no additional adjustments were required to the financial statements.
192
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 their investment in the 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 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 (December 1, 2021 to May 31, 2022).
The table on the next page illustrates the 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 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 SEC 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.
193
Disclosure of Fund Expenses (Unaudited) (Continued) | ||
Beginning Account Value 12/1/2021 | Ending Account Value 5/31/2022 | Annualized Expense Ratios | Expenses Paid During Period(1) | |||||||||||||
Global X Robotics & Artificial Intelligence ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 658.70 | 0.68 | % | $ | 2.81 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.54 | 0.68 | 3.43 | ||||||||||||
Global X Internet of Things ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 784.40 | 0.68 | % | $ | 3.03 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.54 | 0.68 | 3.43 | ||||||||||||
Global X FinTech ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 586.00 | 0.68 | % | $ | 2.69 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.54 | 0.68 | 3.43 | ||||||||||||
Global X Video Games & Esports ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 792.70 | 0.50 | % | $ | 2.23 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 | ||||||||||||
Global X Autonomous & Electric Vehicles ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 821.30 | 0.68 | % | $ | 3.09 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.54 | 0.68 | 3.43 | ||||||||||||
Global X Cloud Computing ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 639.60 | 0.68 | % | $ | 2.78 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.54 | 0.68 | 3.43 | ||||||||||||
Global X Data Center REITs & Digital Infrastructure ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 889.70 | 0.50 | % | $ | 2.36 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 | ||||||||||||
Global X Cybersecurity ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 835.70 | 0.50 | % | $ | 2.29 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 | ||||||||||||
Global X Artificial Intelligence & Technology ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 721.00 | 0.68 | % | $ | 2.92 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.54 | 0.68 | 3.43 | ||||||||||||
Global X Metaverse ETF * | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 976.80 | 0.50 | % | $ | 0.47 | (2) | |||||||
Hypothetical 5% Return | 1,000.00 | 1,022.40 | 0.50 | 2.52 | ||||||||||||
Global X Millennial Consumer ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 692.20 | 0.50 | % | $ | 2.11 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 |
194
Disclosure of Fund Expenses (Unaudited) (Continued) | ||
Beginning Account Value 12/1/2021 | Ending Account Value 5/31/2022 | Annualized Expense Ratios | Expenses Paid During Period(1) | |||||||||||||
Global X Education ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 692.00 | 0.50 | % | $ | 2.11 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 | ||||||||||||
Global X Cannabis ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 484.60 | 0.50 | % | $ | 1.85 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 | ||||||||||||
Global X Genomics & Biotechnology ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 581.50 | 0.50 | % | $ | 1.97 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 | ||||||||||||
Global X China Biotech Innovation ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 614.00 | 0.65 | % | $ | 2.62 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.69 | 0.65 | 3.28 | ||||||||||||
Global X Telemedicine & Digital Health ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 731.00 | 0.68 | % | $ | 2.93 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,021.54 | 0.68 | 3.43 | ||||||||||||
Global X Aging Population ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 958.70 | 0.50 | % | $ | 2.44 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 | ||||||||||||
Global X Health & Wellness ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 771.70 | 0.50 | % | $ | 2.21 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 | ||||||||||||
Global X CleanTech ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 726.80 | 0.50 | % | $ | 2.15 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 | ||||||||||||
Global X U.S. Infrastructure Development ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 952.50 | 0.47 | % | $ | 2.29 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.59 | 0.47 | 2.37 | ||||||||||||
Global X Thematic Growth ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 669.50 | 0.00 | % | $ | 0.00 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,024.18 | 0.00 | 0.00 | ||||||||||||
Global X AgTech & Food Innovation ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 917.70 | 0.50 | % | $ | 2.39 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 |
195
Disclosure of Fund Expenses (Unaudited) (Concluded) | ||
Beginning Account Value 12/1/2021 | Ending Account Value 5/31/2022 | Annualized Expense Ratios | Expenses Paid During Period(1) | |||||||||||||
Global X Blockchain ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 272.60 | 0.50 | % | $ | 1.59 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 | ||||||||||||
Global X Clean Water ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 844.90 | 0.50 | % | $ | 2.30 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 | ||||||||||||
Global X Hydrogen ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 588.10 | 0.50 | % | $ | 1.98 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 | ||||||||||||
Global X Solar ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 783.40 | 0.50 | % | $ | 2.27 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.39 | 0.50 | 2.57 | ||||||||||||
Global X Wind Energy ETF | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 836.70 | 0.50 | % | $ | 2.29 | ||||||||
Hypothetical 5% Return | 1,000.00 | 1,022.44 | 0.50 | 2.52 | ||||||||||||
Global X Green Building ETF ** | ||||||||||||||||
Actual Fund Return | $ | 1,000.00 | $ | 940.50 | 0.45 | % | $ | 0.60 | (3) | |||||||
Hypothetical 5% Return | 1,000.00 | 1,022.69 | 0.45 | 2.27 |
(1) | Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). |
(2) | Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 35/365 (to reflect the period from inception to date). |
(3) | Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 50/365 (to reflect the period from inception to date). |
* | The Fund commenced operations on April 26, 2022. |
** | The Fund commenced operations on April 11, 2022. |
196
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 Board meetings of the Global X Funds (the “Trust”) held by videoconference on November 12, 20211 and February 25, 20221 (the “New Fund Board Meetings”), the Board of Trustees (the “Board”) (including the Trust’s Independent Trustees, voting separately) considered and unanimously approved (i) the initial Investment Advisory Agreement (each a “New Investment Advisory Agreement”) for each of the Global X Green Building ETF and the Global X Metaverse ETF, respectively (each a “New Fund” and, together, the “New Funds”) and (ii) the initial Supervision and Administration Agreement between the Trust (each a “New Supervision and Administration Agreement”), on behalf of each New Fund, and Global X Management Company LLC (“Global X Management”). Each New Advisory Agreement and New Supervision and Administration Agreement are referred to collectively as the “New Fund 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 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 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.
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 videoconference 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.
197
Approval of Investment Advisory Agreement (Unaudited) (Continued) | ||
NEW FUND AGREEMENTS
In determining to approve the New Fund Agreements for the New 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 New Fund Agreements and the range of services proposed to be provided to the New Funds 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 Funds;
● Global X Management’s responsibilities under the New Fund Agreements to, among other things, (i) manage the investment operations of the New Funds 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 Funds, (iv) select broker-dealers to execute portfolio transactions for the New Funds when necessary, (v) assist in the preparation and filing of reports and proxy statements (if any) to the shareholders of the New Funds, and the periodic updating of the registration statements, prospectuses, statements of additional information, and other reports and documents for the New Funds 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 Funds 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 Funds; and
● the quality of Global X Management’s resources and personnel that would be made available to the New Funds, including Global X Management’s experience and the professional qualifications of Global X Management’s key personnel.
198
Approval of Investment Advisory Agreement (Unaudited) (Continued) | ||
Based on these considerations, the Board concluded, at the New Fund Board Meetings, that it was satisfied with the nature, extent and quality of the services proposed to be provided to the New Funds by Global X Management.
Performance
The Board determined that, because the New Funds had not yet begun investment operations as of the dates of the New Fund Board Meeting, meaningful data relating to the investment performance of the New Funds 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 each New Fund;
● the management fee (including the proposed investment advisory fee) (“Management Fee”) that was proposed to be borne by each New Fund under the respective New Fund Agreement for the various investment advisory, supervisory and administrative services that the New 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 New Funds); and
● the expected profitability to Global X Management, if any, from all of the services proposed to be provided to the New Funds by Global X Management and all aspects of the relationship between Global X Management and the New Funds.
Based on these considerations, the Board concluded that the proposed Management Fee to be paid by each 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 each New Fund. In connection with this consideration, Global X Management provided the Board with comparative expense data for each New Fund, including fees and expenses paid by
199
Approval of Investment Advisory Agreement (Unaudited) (Continued) | ||
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 Funds) and the expected total expense ratios for the New Funds. In this regard, the Board took into consideration that the purpose of adopting a unitary Management Fee structure for the New Funds was to create a simple, all-inclusive fee that would provide a level of predictability with respect to the overall expense ratios (i.e., the total fees) of the New Funds and that the proposed Management Fee for each 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 Funds, including the costs of various third-party services required by the New Funds, including investment advisory, administrative, audit, certain custody, portfolio accounting, legal, transfer agency and printing costs, but that each 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 Meetings, 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 Funds grow and whether the proposed unitary Management Fees for the New Funds reflected these economies of scale;
● the significant investment of time, personnel and other resources that Global X Management intends to make in the New Funds in order to seek to assure that the New Funds are 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 each New Fund and its shareholders.
200
Approval of Investment Advisory Agreement (Unaudited) (Concluded) | ||
Based on these considerations, the Board concluded, at the New Fund Board Meetings, that the proposed unitary Management Fees for the New Funds 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 Funds. As a result, the Board concluded that, in the case of each 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 Funds.
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.
201
Liquidity Risk Management Program (Unaudited) | ||
Pursuant to Rule 22e-4 under the 1940 Act, the Funds’ investment adviser has adopted, and the Board has approved, a liquidity risk management program (the “Program”) to govern the Funds’ approach to managing liquidity risk. The Program is overseen by the Funds’ Liquidity Risk Management Committee (the “Committee”), and the Program’s principal objectives include assessing, managing and periodically reviewing each Fund’s liquidity risk, based on factors specific to the circumstances of the Funds.
At a meeting of the Board held on May 20, 2022, the Trustees received a report from the Committee addressing the operations of the Program and assessing its adequacy and effectiveness of implementation for the period from January 1, 2021 through December 31, 2021. The Committee’s report noted that the Committee had determined that the Program is reasonably designed to assess and manage each Fund’s Liquidity Risk and operated adequately and effectively to manage each Fund’s Liquidity Risk for the period covered by the report. The Committee’s report noted that during the period covered by the report, there were no liquidity events that impacted the Funds or their ability to timely meet redemptions without dilution to existing shareholders.
There can be no assurance that the Program will achieve its objectives in the future. Please refer to the prospectus for more information regarding a Fund’s exposure to liquidity risk and other principal risks to which an investment in the Funds may be subject.
202
Supplemental Information (Unaudited) | ||
Net asset value, or “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.
203
605 3rd Avenue, 43rd Floor
New York, NY 10158
1-888-493-8631
www.globalxetfs.com
Investment Adviser and Administrator:
Global X Management Company LLC
605 3rd Avenue, 43rd Floor
New York, NY 10158
Distributor:
SEI Investments Distribution Co.
One Freedom Valley Drive
Oaks, PA 19456
Sub-Administrator:
SEI Investments Global Funds Services
One Freedom Valley Drive
Oaks, PA 19456
Counsel for Global X Funds and the Independent Trustees:
Stradley Ronon Stevens & Young, LLP
2000 K Street, N.W.
Suite 700
Washington, DC 20006
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-007-0700
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: August 8, 2022
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: August 8, 2022
By (Signature and Title) |
/s/ John Belanger
John Belanger
Chief Financial Officer
Chief Financial Officer
Date: August 8, 2022