# EDGAR Filing Document

**Accession Number:** 0001432353
**File Stem:** 0002048251-26-000834
**Filing Date:** 2026-1
**Character Count:** 38476
**Document Hash:** 180962a3a0b62ae3649f16d078ba6ad0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-000834.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0002048251-26-000834

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Global X Funds
- **CENTRAL INDEX KEY:** 0001432353

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22209
- **FILM NUMBER:** 26577319

**BUSINESS ADDRESS:**
- **STREET 1:** 605 THIRD AVENUE
- **STREET 2:** 43RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10158
- **BUSINESS PHONE:** (212) 644-6110

**MAIL ADDRESS:**
- **STREET 1:** 605 THIRD AVENUE
- **STREET 2:** 43RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10158

## Series and Classes Contracts Data

### Global X Infrastructure Development ex-U.S. ETF (Series ID: S000085030)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000249893 | Global X Infrastructure Development ex-U.S. ETF | IPAV            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** GLOBAL X FUNDS

- **b. Investment Company Act file number:** 811-22209

- **c. CIK number of Registrant:** 0001432353

- **d. LEI of Registrant:** 5493003RA4QUTSYF1N15

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 605 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10158

  - **Telephone number:** 2126446110

**Item A.2. Information about the Series.**

- **a. Name of Series:** Global X Infrastructure Development ex-U.S. ETF

- **b. EDGAR series identifier (if any):** S000085030

- **c. LEI of Series:** 529900PS3Q09UOSCV397

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $4639469.39

**Total Liabilities:** $9666.74

**Net Assets:** $4629802.65

**Cash Not Reported:** $2073.66

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249893 | 1.15%                | 1.96%                | 1.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $64593.38                | $-14487.53                                 |
| Month 2  | $0.00                    | $88338.93                                  |
| Month 3  | $0.00                    | $62519.50                                  |

### Schedule of Portfolio Investments

| Name                                                    | Title                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ferrovial SE                                            | FERROVIAL SE COMMON STOCK                       | CUSIP: N/A<br>LEI: 72450022R2ZFL41Y6I04       | Long             | EC               |  | ES        |      2179 | NS      | $142778.29    | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMUDA BERHAD                                           | GAMUDA BHD COMMON STOCK                         | CUSIP: N/A<br>LEI: 254900RW4N94L9KA9137       | Long             | EC               |  | MY        |     36900 | NS      | $47771.32     | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rail Vikas Nigam Ltd                                    | RAIL VIKAS NIGAM LTD COMMON STOCK               | CUSIP: N/A<br>LEI: 8945004J7EIKTCOWI620       | Long             | EC               |  | IN        |      5102 | NS      | $18486.35     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NEW YORK (THE)                                  | FX Forward Contract: USD/JPY SETTLE 2025-12-01  | CUSIP: N/A<br>LEI: HPFHU0OQ28E4N0NFVK49       | N/A              | DFE              |  | US        |         1 | NC      | $-0.70        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DALMIA BHARAT LIMITED                                   | DALMIA BHARAT LTD COMMON STOCK                  | CUSIP: N/A<br>LEI: 335800Q2I12HTQ7ETZ32       | Long             | EC               |  | IN        |       721 | NS      | $16196.96     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Taihan Cable & Solution Co., Ltd.                       | TAIHAN CABLE & SOLUTION CO LTD COMMON STOCK     | CUSIP: N/A<br>LEI: 988400DCPX4WRVN1G369       | Long             | EC               |  | KR        |       971 | NS      | $14657.60     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| POSCO Holdings Inc.                                     | POSCO HOLDINGS INC COMMON STOCK                 | CUSIP: N/A<br>LEI: 988400E5HRVX81AYLM04       | Long             | EC               |  | KR        |       609 | NS      | $128164.76    | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SHAPIR ENGINEERING AND INDUSTRY LTD                     | SHAPIR ENGINEERING AND INDUS COMMON STOCK       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | IL        |      1321 | NS      | $11888.84     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| LS ELECTRIC CO., LTD                                    | LS ELECTRIC CO LTD COMMON STOCK                 | CUSIP: N/A<br>LEI: 988400AF8KS117D7D072       | Long             | EC               |  | KR        |       135 | NS      | $42226.23     | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co., Ltd.                            | SHIN-ETSU CHEMICAL CO LTD COMMON STOCK          | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               |  | JP        |      4645 | NS      | $139960.21    | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUESCOPE STEEL LIMITED                                 | BLUESCOPE STEEL LTD COMMON STOCK                | CUSIP: N/A<br>LEI: 529900H6UQI16XACWC95       | Long             | EC               |  | AU        |      3933 | NS      | $62598.47     | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc Aktiebolag                                       | EPIROC AB-A COMMON STOCK                        | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               |  | SE        |      5575 | NS      | $119754.55    | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| JSW STEEL LIMITED                                       | JSW STEEL LTD COMMON STOCK                      | CUSIP: Y44680158<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | EC               |  | IN        |      8402 | NS      | $108989.53    | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| THE RAMCO CEMENTS LIMITED                               | RAMCO CEMENTS LTD/THE COMMON STOCK              | CUSIP: N/A<br>LEI: 3358003MPDJN515PDG51       | Long             | EC               |  | IN        |      1139 | NS      | $13211.24     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXANS SA                                               | NEXANS SA COMMON STOCK                          | CUSIP: N/A<br>LEI: 96950015FU78G84UIV14       | Long             | EC               |  | FR        |       331 | NS      | $47902.54     | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JFE Holdings, Inc.                                      | JFE HOLDINGS INC COMMON STOCK                   | CUSIP: N/A<br>LEI: 3538002Y11Y03NA9B530       | Long             | EC               |  | JP        |      4833 | NS      | $59309.16     | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| WEST CHINA CEMENT LIMITED                               | WEST CHINA CEMENT LTD COMMON STOCK              | CUSIP: N/A<br>LEI: 529900MMG3NBTIWPPR63       | Long             | EC               |  | HK        |     18000 | NS      | $7028.36      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| J. K. CEMENT LIMITED.                                   | JK CEMENT LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: 335800IECEF3EIDGF809       | Long             | EC               |  | IN        |       376 | NS      | $24204.23     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VICAT SA                                                | VICAT COMMON STOCK                              | CUSIP: N/A<br>LEI: 9695009YI1863TOVDP79       | Long             | EC               |  | FR        |       153 | NS      | $12553.79     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON STEEL CORPORATION                                | NIPPON STEEL CORP COMMON STOCK                  | CUSIP: N/A<br>LEI: 35380065QWQ4U2V3PA33       | Long             | EC               |  | JP        |     34105 | NS      | $138102.85    | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| GERDAU S.A.                                             | GERDAU SA -SPON ADR DEPOSITARY RECEIPT          | CUSIP: 373737105<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EC               |  | US        |     11417 | NS      | $41101.20     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| INFRONEER Holdings Inc.                                 | INFRONEER HOLDINGS INC COMMON STOCK             | CUSIP: N/A<br>LEI: 353800G6TWA2W0MY9K16       | Long             | EC               |  | JP        |      1476 | NS      | $18969.04     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| China Railway Group Limited                             | CHINA RAILWAY GROUP LTD-H COMMON STOCK          | CUSIP: N/A<br>LEI: 529900TFRLG8UDJ7QA89       | Long             | EC               |  | HK        |     36500 | NS      | $18330.64     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NEW YORK (THE)                                  | FX Forward Contract: USD/EUR SETTLE 2025-12-01  | CUSIP: N/A<br>LEI: HPFHU0OQ28E4N0NFVK49       | N/A              | DFE              |  | US        |         1 | NC      | $-1.25        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STEEL AUTHORITY OF INDIA LIMITED                        | STEEL AUTHORITY OF INDIA COMMON STOCK           | CUSIP: Y8166R114<br>LEI: 335800ZJXMF183ZCQI90 | Long             | EC               |  | IN        |     13123 | NS      | $19792.88     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| WEBUILD S.P.A.                                          | WEBUILD SPA COMMON STOCK                        | CUSIP: N/A<br>LEI: 549300UKR289DF4UXQ47       | Long             | EC               |  | IT        |      3779 | NS      | $14832.51     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ATKINSREALIS GROUP INC.                                 | ATKINSREALIS GROUP INC COMMON STOCK             | CUSIP: 04764T104<br>LEI: UL01OYG5OMLM5G6CFM03 | Long             | EC               |  | CA        |      1488 | NS      | $92575.04     | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TCC Group Holdings CO., LTD.                            | TCC GROUP HOLDINGS CO LTD COMMON STOCK          | CUSIP: N/A<br>LEI: 529900C56C3PB9X9ZO58       | Long             | EC               |  | TW        |     60883 | NS      | $44326.16     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| KEI INDUSTRIES LIMITED                                  | KEI INDUSTRIES LTD COMMON STOCK                 | CUSIP: N/A<br>LEI: 335800UDWBC2AWPU7M56       | Long             | EC               |  | IN        |       551 | NS      | $25537.05     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| JINDAL STAINLESS LIMITED                                | JINDAL STAINLESS LTD COMMON STOCK               | CUSIP: N/A<br>LEI: 3358003QFQMSFDO7BP20       | Long             | EC               |  | IN        |      2330 | NS      | $20084.93     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Sacyr, S.A.                                             | SACYR SA COMMON STOCK                           | CUSIP: N/A<br>LEI: 959800XKAB9VNAVN9425       | Long             | EC               |  | ES        |      4445 | NS      | $19850.47     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SAIPEM S.P.A.                                           | SAIPEM SPA COMMON STOCK                         | CUSIP: N/A<br>LEI: 549300PHV8MBDHWB8X12       | Long             | EC               |  | IT        |     11298 | NS      | $30773.63     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PENTA-OCEAN CONSTRUCTION CO.,LTD.                       | PENTA-OCEAN CONSTRUCTION CO COMMON STOCK        | CUSIP: N/A<br>LEI: 529900QN42Q9UIW3AS17       | Long             | EC               |  | JP        |      2162 | NS      | $23899.07     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AMBUJA CEMENTS LIMITED                                  | AMBUJA CEMENTS LTD COMMON STOCK                 | CUSIP: N/A<br>LEI: 335800NT6LQHR1428E20       | Long             | EC               |  | IN        |      7241 | NS      | $44540.07     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AURIZON HOLDINGS LIMITED                                | AURIZON HOLDINGS LTD COMMON STOCK               | CUSIP: N/A<br>LEI: 5299005PC1O6NOWL3H48       | Long             | EC               |  | AU        |     15512 | NS      | $36418.40     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| HELIOS TOWERS PLC                                       | HELIOS TOWERS PLC COMMON STOCK                  | CUSIP: N/A<br>LEI: 213800DGC7GS4XCHCU30       | Long             | EC               |  | GB        |      6976 | NS      | $14752.09     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cementir Holding N.V.                                   | CEMENTIR HOLDING NV COMMON STOCK                | CUSIP: N/A<br>LEI: 8156008B101B97A43B02       | Long             | EC               |  | GB        |       357 | NS      | $7200.82      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KEC INTERNATIONAL LIMITED                               | KEC INTERNATIONAL LTD COMMON STOCK              | CUSIP: N/A<br>LEI: 335800UCWKGDJBU7ZT31       | Long             | EC               |  | IN        |      1159 | NS      | $8885.48      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MAIRE S.P.A.                                            | MAIRE SPA COMMON STOCK                          | CUSIP: N/A<br>LEI: 815600D85A61200A1B83       | Long             | EC               |  | IT        |      1268 | NS      | $18674.33     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG E&A CO.,LTD                                     | SAMSUNG E&A CO LTD COMMON STOCK                 | CUSIP: N/A<br>LEI: 988400HDAY5KIVHGZ188       | Long             | EC               |  | KR        |      1404 | NS      | $24392.07     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| KALPATARU PROJECTS INTERNATIONAL LIMITED                | KALPATARU PROJECTS INTERNATI COMMON STOCK       | CUSIP: N/A<br>LEI: 3358005ZIDG7MGP6TY07       | Long             | EC               |  | IN        |       998 | NS      | $13385.51     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie des chemins de fer nationaux du Canada        | CANADIAN NATL RAILWAY CO COMMON STOCK           | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               |  | CA        |      1433 | NS      | $137569.23    | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Companhia Siderurgica Nacional S. A.                    | CIA SIDERURGICA NACIONAL SA COMMON STOCK        | CUSIP: N/A<br>LEI: 529900K40TEND42S0T46       | Long             | EC               |  | BR        |      5400 | NS      | $8529.72      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Acciona, S.A.                                           | ACCIONA SA COMMON STOCK                         | CUSIP: N/A<br>LEI: 54930002KP75TLLLNO21       | Long             | EC               |  | ES        |       211 | NS      | $42339.09     | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| SHREE CEMENT LIMITED                                    | SHREE CEMENT LTD COMMON STOCK                   | CUSIP: N/A<br>LEI: 335800W6FNBDUZ89L830       | Long             | EC               |  | IN        |        89 | NS      | $26267.92     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cemex, S.A.B. de C.V.                                   | CEMEX SAB-SPONS ADR PART CER DEPOSITARY RECEIPT | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               |  | US        |     13054 | NS      | $140852.66    | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JINDAL STEEL LIMITED                                    | JINDAL STEEL LTD COMMON STOCK                   | CUSIP: Y4447P100<br>LEI: 335800UIKQBF6QO2NP15 | Long             | EC               |  | IN        |      3492 | NS      | $40773.02     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                        | ARCELORMITTAL COMMON STOCK                      | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               |  | NL        |      3396 | NS      | $146534.92    | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TATA STEEL LIMITED                                      | TATA STEEL LTD COMMON STOCK                     | CUSIP: N/A<br>LEI: 335800E6C75YGSGD5T66       | Long             | EC               |  | IN        |     69021 | NS      | $129604.15    | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Doosan Bobcat Inc.                                      | DOOSAN BOBCAT INC COMMON STOCK                  | CUSIP: N/A<br>LEI: 9884007K6X0Q0112FX44       | Long             | EC               |  | KR        |       405 | NS      | $15201.44     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| PRYSMIAN S.P.A.                                         | PRYSMIAN SPA COMMON STOCK                       | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               |  | IT        |      1431 | NS      | $143322.54    | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nanshan Aluminium International Holdings Limited        | NANSHAN ALUMINIUM INTERNATIO COMMON STOCK       | CUSIP: N/A<br>LEI: 529900367BXF58I64F89       | Long             | EC               |  | HK        |       800 | NS      | $4169.75      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COMSYS Holdings Corporation                             | COMSYS HOLDINGS CORP COMMON STOCK               | CUSIP: N/A<br>LEI: 529900BXEDA1UA6QX260       | Long             | EC               |  | JP        |       798 | NS      | $22009.56     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| OYAK CIMENTO FABRIKALARI ANONIM SIRKETI                 | OYAK CIMENTO FABRIKALARI COMMON STOCK           | CUSIP: N/A<br>LEI: 789000RZ63UR4V4JZH98       | Long             | EC               |  | TR        |      8927 | NS      | $4849.88      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NMDC Group PJSC                                         | NMDC GROUP PJSC COMMON STOCK                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | AE        |      2025 | NS      | $11842.85     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom S.A.                                    | CELLNEX TELECOM SA COMMON STOCK                 | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               |  | ES        |      4586 | NS      | $137634.29    | 2.97%             |  |  |  | Yes           |                  1 | On Loan: No      |
| BANK OF NEW YORK (THE)                                  | FX Forward Contract: USD/EUR SETTLE 2025-12-01  | CUSIP: N/A<br>LEI: HPFHU0OQ28E4N0NFVK49       | N/A              | DFE              |  | US        |         1 | NC      | $-0.01        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK (THE)                                  | FX Forward Contract: USD/JPY SETTLE 2025-12-01  | CUSIP: N/A<br>LEI: HPFHU0OQ28E4N0NFVK49       | N/A              | DFE              |  | US        |         1 | NC      | $-0.38        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Buzzi SpA                                               | BUZZI SPA COMMON STOCK                          | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               |  | IT        |       668 | NS      | $41165.66     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| KEPCO Engineering & Construction Company, Inc           | KEPCO ENGINEERING & CONSTRUC COMMON STOCK       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |       168 | NS      | $10509.64     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| China Energy Engineering Corporation Limited            | CHINA ENERGY ENGINEERING C-H COMMON STOCK       | CUSIP: N/A<br>LEI: 30030095F4B9XDN9QY57       | Long             | EC               |  | HK        |     61000 | NS      | $8853.52      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KOMATSU LTD.                                            | KOMATSU LTD COMMON STOCK                        | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               |  | JP        |      4185 | NS      | $137363.47    | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| HUAXIN BUILDING MATERIALS GROUP CO., LTD.               | HUAXIN CEMENT CO LTD-H COMMON STOCK             | CUSIP: N/A<br>LEI: 300300SD5S95ZOS05G37       | Long             | EC               |  | HK        |      2300 | NS      | $5075.27      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TERNIUM S.A.                                            | TERNIUM SA-SPONSORED ADR DEPOSITARY RECEIPT     | CUSIP: 880890108<br>LEI: 529900QG4KU23TEI2E46 | Long             | EC               |  | US        |       369 | NS      | $13590.27     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Asia Cement Corporation                                 | ASIA CEMENT CORP COMMON STOCK                   | CUSIP: N/A<br>LEI: 213800EFQXH43HMGJL59       | Long             | EC               |  | TW        |     19040 | NS      | $23538.38     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NKT A/S                                                 | NKT A/S COMMON STOCK                            | CUSIP: N/A<br>LEI: 529900197LKWCEQ0NL18       | Long             | EC               |  | DK        |       481 | NS      | $57850.05     | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruichi Steel Tube Ltd.                                | MARUICHI STEEL TUBE LTD COMMON STOCK            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      1265 | NS      | $11693.45     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| EIFFAGE SA                                              | EIFFAGE COMMON STOCK                            | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               |  | FR        |       793 | NS      | $109517.68    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| China Tower Corporation Limited                         | CHINA TOWER CORP LTD-H COMMON STOCK             | CUSIP: Y15076121<br>LEI: 300300T6BNNP0L7O7H91 | Long             | EC               |  | HK        |     40740 | NS      | $64415.00     | 1.39%             |  |  |  | Yes           |                  1 | On Loan: No      |
| IJM CORPORATION BERHAD                                  | IJM CORP BHD COMMON STOCK                       | CUSIP: N/A<br>LEI: 2549007CQQ2EBO5HLX96       | Long             | EC               |  | MY        |     23000 | NS      | $12856.62     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SWCC Corporation                                        | SWCC CORP COMMON STOCK                          | CUSIP: N/A<br>LEI: 353800A7RNYOC4KL4T49       | Long             | EC               |  | JP        |       200 | NS      | $13662.29     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Construction Machinery Co., Ltd.                | HITACHI CONSTRUCTION MACHINE COMMON STOCK       | CUSIP: N/A<br>LEI: 5493009B7C53PDH8W826       | Long             | EC               |  | JP        |       839 | NS      | $24436.11     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| STRABAG SE                                              | STRABAG SE-BR COMMON STOCK                      | CUSIP: N/A<br>LEI: 529900TYYSRJH2VJSP60       | Long             | EC               |  | AT        |       147 | NS      | $13153.33     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG                                 | HEIDELBERG MATERIALS AG COMMON STOCK            | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               |  | DE        |       557 | NS      | $143054.22    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BUDIMEX SPOLKA AKCYJNA                                  | BUDIMEX COMMON STOCK                            | CUSIP: N/A<br>LEI: 25940093SDJZW2C1V355       | Long             | EC               |  | PL        |       115 | NS      | $19716.36     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MAANSHAN IRON & STEEL COMPANY LIMITED                   | MAANSHAN IRON & STEEL-H COMMON STOCK            | CUSIP: N/A<br>LEI: 529900A75J4LKKIUAJ17       | Long             | EC               |  | HK        |     13200 | NS      | $4238.59      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| YAMATO KOGYO CO.,LTD.                                   | YAMATO KOGYO CO LTD COMMON STOCK                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |       227 | NS      | $15193.94     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| LARSEN AND TOUBRO LIMITED                               | LARSEN & TOUBRO LTD COMMON STOCK                | CUSIP: N/A<br>LEI: 3358003FR3JIC5FRXA90       | Long             | EC               |  | IN        |      2976 | NS      | $135399.31    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| VINCI SA                                                | VINCI SA COMMON STOCK                           | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               |  | FR        |       993 | NS      | $140884.17    | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ANHUI CONCH CEMENT COMPANY LIMITED                      | ANHUI CONCH CEMENT CO LTD-H COMMON STOCK        | CUSIP: N/A<br>LEI: 300300JVKW56SSAEQZ33       | Long             | EC               |  | HK        |     10407 | NS      | $31305.48     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Peab AB                                                 | PEAB AB-CLASS B COMMON STOCK                    | CUSIP: N/A<br>LEI: 549300FQS4VD3153I854       | Long             | EC               |  | SE        |      1387 | NS      | $11720.40     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIKUN & BINUI LTD                                      | SHIKUN & BINUI LTD COMMON STOCK                 | CUSIP: N/A<br>LEI: 2138004NVQ51G35LN253       | Long             | EC               |  | IL        |      3146 | NS      | $17761.24     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Angang Steel Company Limited                            | ANGANG STEEL CO LTD-H COMMON STOCK              | CUSIP: N/A<br>LEI: 213800QMMVMR3ABCKL62       | Long             | EC               |  | HK        |      5200 | NS      | $1315.76      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadien Pacifique Kansas City Limitee                  | CANADIAN PACIFIC KANSAS CITY COMMON STOCK       | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               |  | CA        |      1937 | NS      | $140656.73    | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| POLYCAB INDIA LIMITED                                   | POLYCAB INDIA LTD COMMON STOCK                  | CUSIP: N/A<br>LEI: 335800ZAL1L11ERZVW68       | Long             | EC               |  | IN        |       582 | NS      | $48604.38     | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Outokumpu Oyj                                           | OUTOKUMPU OYJ COMMON STOCK                      | CUSIP: N/A<br>LEI: 5493009YRUJJDCFF0R80       | Long             | EC               |  | FI        |      3195 | NS      | $15002.40     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SSAB AB                                                 | SSAB AB - B SHARES COMMON STOCK                 | CUSIP: N/A<br>LEI: 529900329VS14ZIML164       | Long             | EC               |  | SE        |      5145 | NS      | $36111.96     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTRATECH CEMENT LIMITED                                | ULTRATECH CEMENT LTD COMMON STOCK               | CUSIP: N/A<br>LEI: 335800PC9O9B4BQHG814       | Long             | EC               |  | IN        |      1016 | NS      | $131759.97    | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Acerinox, S.A.                                          | ACERINOX SA COMMON STOCK                        | CUSIP: N/A<br>LEI: 95980020140005582721       | Long             | EC               |  | ES        |      1604 | NS      | $22654.74     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Mota-Engil, SGPS, SA                                    | MOTA ENGIL SGPS SA COMMON STOCK                 | CUSIP: N/A<br>LEI: 549300L6RR1203WN9F57       | Long             | EC               |  | PT        |       754 | NS      | $4153.01      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| IRB INFRASTRUCTURE DEVELOPERS LIMITED                   | IRB INFRASTRUCTURE DEVELOPER COMMON STOCK       | CUSIP: N/A<br>LEI: 335800XGO3AITGW6AK27       | Long             | EC               |  | IN        |     17795 | NS      | $8536.67      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Aalberts N.V.                                           | AALBERTS NV COMMON STOCK                        | CUSIP: N/A<br>LEI: 549300EMP9DT6Q35HZ31       | Long             | EC               |  | NL        |       836 | NS      | $26875.10     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                                               | HOLCIM LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               |  | CH        |      1541 | NS      | $144360.20    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI STEEL COMPANY                                   | HYUNDAI STEEL CO COMMON STOCK                   | CUSIP: N/A<br>LEI: 9884006EYA94IB2C3132       | Long             | EC               |  | KR        |       742 | NS      | $15237.07     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoomlion Heavy Industry Science And Technology Co., Ltd | ZOOMLION HEAVY INDUSTRY-H COMMON STOCK          | CUSIP: N/A<br>LEI: 529900QZ3EMAU0QKFK85       | Long             | EC               |  | HK        |     12300 | NS      | $11453.84     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan SA                                                | TITAN SA COMMON STOCK                           | CUSIP: N/A<br>LEI: 213800H2CDP9I374WH83       | Long             | EC               |  | GR        |       310 | NS      | $16351.58     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| China National Building Material Company Limited        | CHINA NATIONAL BUILDING MA-H COMMON STOCK       | CUSIP: N/A<br>LEI: 52990085PGF8YEPLBZ26       | Long             | EC               |  | HK        |     32000 | NS      | $21496.10     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| voestalpine AG                                          | VOESTALPINE AG COMMON STOCK                     | CUSIP: N/A<br>LEI: 529900ZAXBMQDIWPNB72       | Long             | EC               |  | AT        |       901 | NS      | $38856.58     | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIHEIYO CEMENT CORPORATION                             | TAIHEIYO CEMENT CORP COMMON STOCK               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |       925 | NS      | $22459.63     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUS TOWERS LIMITED                                    | INDUS TOWERS LTD COMMON STOCK                   | CUSIP: N/A<br>LEI: 335800L6DI4VHODGDK41       | Long             | EC               |  | IN        |     11157 | NS      | $50023.92     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| China Communications Services Corporation Limited       | CHINA COMMUNICATIONS SERVI-H COMMON STOCK       | CUSIP: N/A<br>LEI: 529900JCDRVQE6YZKT86       | Long             | EC               |  | HK        |     21200 | NS      | $13260.89     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BALFOUR BEATTY PLC                                      | BALFOUR BEATTY PLC COMMON STOCK                 | CUSIP: N/A<br>LEI: CT4UIJ3TUKGYYHMENQ17       | Long             | EC               |  | GB        |      4315 | NS      | $40250.16     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| EXEO Group, Inc.                                        | EXEO GROUP INC COMMON STOCK                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      1475 | NS      | $23223.81     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| INFRASTRUTTURE WIRELESS ITALIANE S.P.A.                 | INFRASTRUTTURE WIRELESS ITAL COMMON STOCK       | CUSIP: N/A<br>LEI: 81560066183FE361C071       | Long             | EC               |  | IT        |      2306 | NS      | $21102.07     | 0.46%             |  |  |  | Yes           |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** GLOBAL X FUNDS

**Signature:** Joe Costello

**Name of Signer:** Joe Costello

**Title:** CCO