# EDGAR Filing Document

**Accession Number:** 0001432353
**File Stem:** 0002048251-25-003778
**Filing Date:** 2025-12
**Character Count:** 20590
**Document Hash:** 0883c0608089fd38220098a8c8dc7360
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-003778.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0002048251-25-003778

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20251031

**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:** 251608806

**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 MSCI Norway ETF (Series ID: S000023259)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000068030 | Global X MSCI Norway ETF | NORW            |

## 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 MSCI Norway ETF

- **b. EDGAR series identifier (if any):** S000023259

- **c. LEI of Series:** 549300NJJFAZR2WS6R95

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $53389407.12

**Total Liabilities:** $23701.80

**Net Assets:** $53365705.32

**Cash Not Reported:** $52221.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000068030 | -3.57%               | 0.81%                | 3.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-103764.06              | $-2039336.06                               |
| Month 2  | $-290.89                 | $418204.69                                 |
| Month 3  | $-46099.68               | $1949544.56                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AKER SOLUTIONS ASA              | AKER SOLUTIONS ASA COMMON STOCK          | CUSIP: N/A<br>LEI: 5967007LIEEXZXG42836       | Long             | EC               |  | NO        |     86756 | NS      | $239251.20    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NORDIC SEMICONDUCTOR ASA        | NORDIC SEMICONDUCTOR ASA COMMON STOCK    | CUSIP: N/A<br>LEI: 5967007LIEEXZXJGFK95       | Long             | EC               |  | NO        |     51266 | NS      | $744898.61    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ATEA ASA                        | ATEA ASA COMMON STOCK                    | CUSIP: N/A<br>LEI: 5967007LIEEXZXINVS13       | Long             | EC               |  | NO        |     23118 | NS      | $352815.74    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TGS ASA                         | TGS ASA COMMON STOCK                     | CUSIP: N/A<br>LEI: 549300NUPLAXPB0WYH90       | Long             | EC               |  | NO        |     57706 | NS      | $499661.02    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BW OFFSHORE LIMITED             | BW OFFSHORE LTD COMMON STOCK             | CUSIP: N/A<br>LEI: 2138008LFKH8V2EOA915       | Long             | EC               |  | NO        |     27180 | NS      | $99403.48     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Norbit ASA                      | NORBIT ASA COMMON STOCK                  | CUSIP: N/A<br>LEI: 254900C08RCMXVZYFY97       | Long             | EC               |  | NO        |     10292 | NS      | $208038.39    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| LEROY SEAFOOD GROUP ASA         | LEROY SEAFOOD GROUP ASA COMMON STOCK     | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ2JK50       | Long             | EC               |  | NO        |     78796 | NS      | $371200.55    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ELOPAK ASA                      | ELOPAK ASA COMMON STOCK                  | CUSIP: R2R8AG112<br>LEI: 529900BIDQN2AOKV6N08 | Long             | EC               |  | NO        |     39545 | NS      | $186449.13    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MPC CONTAINER SHIPS ASA         | MPC CONTAINER SHIPS AS COMMON STOCK      | CUSIP: N/A<br>LEI: 213800MXS7CXYJ2Q1805       | Long             | EC               |  | NO        |    110886 | NS      | $194054.20    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Subsea 7 S.A.                   | SUBSEA 7 SA COMMON STOCK                 | CUSIP: N/A<br>LEI: 222100AIF0CBCY80AH62       | Long             | EC               |  | NO        |     66656 | NS      | $1218881.18   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| DNO ASA                         | DNO ASA COMMON STOCK                     | CUSIP: N/A<br>LEI: 5967007LIEEXZXH3K072       | Long             | EC               |  | NO        |    128902 | NS      | $176975.15    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SPAREBANK 1 OSTLANDET           | SPAREBANK 1 OESTLANDET COMMON STOCK      | CUSIP: N/A<br>LEI: 549300VRM6G42M8OWN49       | Long             | EC               |  | NO        |     13969 | NS      | $245166.34    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GRIEG SEAFOOD ASA               | GRIEG SEAFOOD ASA COMMON STOCK           | CUSIP: N/A<br>LEI: 5967007LIEEXZXH5VC37       | Long             | EC               |  | NO        |     15004 | NS      | $100699.48    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| WALLENIUS WILHELMSEN ASA        | WALLENIUS WILHELMSEN ASA COMMON STOCK    | CUSIP: N/A<br>LEI: 549300NBN0URT3RA3Y54       | Long             | EC               |  | NO        |     31078 | NS      | $243446.05    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KONGSBERG GRUPPEN ASA           | KONGSBERG GRUPPEN ASA COMMON STOCK       | CUSIP: R60837151<br>LEI: 5967007LIEEXZXJ9HK73 | Long             | EC               |  | NO        |    131064 | NS      | $3355964.91   | 6.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ODFJELL DRILLING LTD            | ODFJELL DRILLING LTD COMMON STOCK        | CUSIP: N/A<br>LEI: 529900M08ZU24JXMPB85       | Long             | EC               |  | NO        |     34803 | NS      | $280365.57    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| FRONTLINE PLC                   | FRONTLINE PLC COMMON STOCK               | CUSIP: N/A<br>LEI: 5493004BCIKYU1YL3H63       | Long             | EC               |  | NO        |     42730 | NS      | $1050832.91   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| GJENSIDIGE FORSIKRING ASA       | GJENSIDIGE FORSIKRING ASA COMMON STOCK   | CUSIP: N/A<br>LEI: 5967007LIEEXZX6FAO47       | Long             | EC               |  | NO        |     59413 | NS      | $1600876.13   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STOREBRAND ASA                  | STOREBRAND ASA COMMON STOCK              | CUSIP: N/A<br>LEI: 5967007LIEEXZX7NA051       | Long             | EC               |  | NO        |    125238 | NS      | $1944745.19   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| YARA INTERNATIONAL ASA          | YARA INTERNATIONAL ASA COMMON STOCK      | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               |  | NO        |     49216 | NS      | $1796049.92   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadeler A/S                     | CADELER A/S COMMON STOCK                 | CUSIP: N/A<br>LEI: 9845008439EUED140282       | Long             | EC               |  | NO        |     66963 | NS      | $311087.93    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTRA ASA                       | ENTRA ASA COMMON STOCK                   | CUSIP: N/A<br>LEI: 549300APU14LQKTYCH34       | Long             | EC               |  | NO        |     13375 | NS      | $148861.56    | 0.28%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PROTECTOR FORSIKRING ASA        | PROTECTOR FORSIKRING ASA COMMON STOCK    | CUSIP: N/A<br>LEI: 5967007LIEEXZXAIO813       | Long             | EC               |  | NO        |     15830 | NS      | $714285.93    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MOWI ASA                        | MOWI ASA COMMON STOCK                    | CUSIP: N/A<br>LEI: 549300W1OGQF5LZIH349       | Long             | EC               |  | NO        |    138582 | NS      | $3049175.22   | 5.71%             |  |  |  | No            |                  1 | On Loan: No      |
| WILH. WILHELMSEN HOLDING ASA    | WILH WILHELMSEN HOLDING-A COMMON STOCK   | CUSIP: N/A<br>LEI: 54930050TPKOLSE1ZZ71       | Long             | EC               |  | NO        |      2997 | NS      | $151080.12    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EUROPRIS ASA                    | EUROPRIS ASA COMMON STOCK                | CUSIP: N/A<br>LEI: 5967007LIEEXZXGA8G28       | Long             | EC               |  | NO        |     46645 | NS      | $402503.57    | 0.75%             |  |  |  | Yes           |                  1 | On Loan: No      |
| BW LPG Limited                  | BW LPG LTD COMMON STOCK                  | CUSIP: N/A<br>LEI: 5493006WBEME88YFDW23       | Long             | EC               |  | NO        |     28100 | NS      | $373298.28    | 0.70%             |  |  |  | Yes           |                  1 | On Loan: No      |
| DNB BANK ASA                    | DNB BANK ASA COMMON STOCK                | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               |  | NO        |    264477 | NS      | $6752470.76   | 12.65%            |  |  |  | No            |                  1 | On Loan: No      |
| TOMRA SYSTEMS ASA               | TOMRA SYSTEMS ASA COMMON STOCK           | CUSIP: R91733155<br>LEI: 549300J726JCFJU3VT89 | Long             | EC               |  | NO        |     65690 | NS      | $805139.89    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SPAREBANK 1 SMN                 | SPAREBANK 1 SMN COMMON STOCK             | CUSIP: N/A<br>LEI: 7V6Z97IO7R1SEAO84Q32       | Long             | EC               |  | NO        |     38295 | NS      | $705037.26    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| STOLT-NIELSEN LIMITED           | STOLT-NIELSEN LTD COMMON STOCK           | CUSIP: N/A<br>LEI: 213800VZX4LWJSGRLR94       | Long             | EC               |  | NO        |      6878 | NS      | $231148.72    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ODFJELL SE                      | ODFJELL SE-A SHS COMMON STOCK            | CUSIP: N/A<br>LEI: 529900J8VSH14TP5VD23       | Long             | EC               |  | NO        |      5405 | NS      | $65071.88     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUENORD ASA                    | BLUENORD ASA COMMON STOCK                | CUSIP: N/A<br>LEI: 5967007LIEEXZXGE3C16       | Long             | EC               |  | NO        |      7008 | NS      | $320719.58    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| AKER ASA                        | AKER ASA-A SHARES COMMON STOCK           | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ10071       | Long             | EC               |  | NO        |      6555 | NS      | $509915.04    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| HOEGH AUTOLINERS ASA            | HOEGH AUTOLINERS ASA COMMON STOCK        | CUSIP: N/A<br>LEI: 549300D7GNMPKTA4HD46       | Long             | EC               |  | NO        |     30833 | NS      | $276879.70    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AUSTEVOLL SEAFOOD ASA           | AUSTEVOLL SEAFOOD ASA COMMON STOCK       | CUSIP: N/A<br>LEI: 5967007LIEEXZXFFDC03       | Long             | EC               |  | NO        |     26801 | NS      | $252461.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AKER BP ASA                     | AKER BP ASA COMMON STOCK                 | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               |  | NO        |     94026 | NS      | $2443368.35   | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| P/F Bakkafrost                  | BAKKAFROST P/F COMMON STOCK              | CUSIP: N/A<br>LEI: 2138007LH7OP4V112978       | Long             | EC               |  | NO        |     14876 | NS      | $683149.53    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Norconsult ASA                  | NORCONSULT AS COMMON STOCK               | CUSIP: N/A<br>LEI: 635400VFBLRSFRXLGQ03       | Long             | EC               |  | NO        |     31931 | NS      | $147867.43    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINOR ASA                     | EQUINOR ASA COMMON STOCK                 | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               |  | NO        |    243482 | NS      | $5824150.95   | 10.91%            |  |  |  | No            |                  1 | On Loan: No      |
| SALMAR ASA                      | SALMAR ASA COMMON STOCK                  | CUSIP: N/A<br>LEI: 5967007LIEEXZXGDBK67       | Long             | EC               |  | NO        |     19791 | NS      | $1114068.42   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC PROPERTY INVEST ASA      | PUBLIC PROPERTY INVEST AS COMMON STOCK   | CUSIP: N/A<br>LEI: 254900QSCB9T0W2KE886       | Long             | EC               |  | NO        |     33319 | NS      | $73442.46     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ELKEM ASA                       | ELKEM ASA COMMON STOCK                   | CUSIP: N/A<br>LEI: 549300CVBE06T0SH6T76       | Long             | EC               |  | NO        |     84535 | NS      | $222932.19    | 0.42%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Paratus Energy Services Ltd.    | PARATUS ENERGY SERVICES LTD COMMON STOCK | CUSIP: G6904D108<br>LEI: 549300XB7T5BX418QX67 | Long             | EC               |  | NO        |     24914 | NS      | $102296.40    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TELENOR ASA                     | TELENOR ASA COMMON STOCK                 | CUSIP: R21882106<br>LEI: 549300IM1QSBY4SLPM26 | Long             | EC               |  | NO        |    183374 | NS      | $2729688.73   | 5.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SPAREBANK 1 NORD-NORGE          | SPAREBANK 1 NORD-NORGE COMMON STOCK      | CUSIP: N/A<br>LEI: 549300SXM92LQ05OJQ76       | Long             | EC               |  | NO        |     28037 | NS      | $381052.34    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoStore Holdings Ltd.         | AUTOSTORE HOLDINGS LTD COMMON STOCK      | CUSIP: N/A<br>LEI: 549300KYN3M0LSM5A413       | Long             | EC               |  | NO        |    352586 | NS      | $342585.50    | 0.64%             |  |  |  | Yes           |                  1 | On Loan: No      |
| SPAREBANK 1 SOR-NORGE ASA       | SPAREBANK 1 SOR-NORGE ASA COMMON STOCK   | CUSIP: N/A<br>LEI: 549300Q3OIWRHQUQM052       | Long             | EC               |  | NO        |     61171 | NS      | $1053280.70   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| LINK MOBILITY GROUP HOLDING ASA | LINK MOBILITY GROUP HOLDING COMMON STOCK | CUSIP: N/A<br>LEI: 2549006RH08XJGKC2Y14       | Long             | EC               |  | NO        |     68325 | NS      | $202605.53    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Kitron ASA                      | KITRON ASA COMMON STOCK                  | CUSIP: N/A<br>LEI: 5967007LIEEXZXIG6009       | Long             | EC               |  | NO        |     55862 | NS      | $416882.66    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ORKLA ASA                       | ORKLA ASA COMMON STOCK                   | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               |  | NO        |    208565 | NS      | $2117201.87   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| DOF GROUP ASA                   | DOF GROUP ASA COMMON STOCK               | CUSIP: N/A<br>LEI: 213800GIV9N2A714T434       | Long             | EC               |  | NO        |     43439 | NS      | $390296.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Norsk Hydro ASA                 | NORSK HYDRO ASA COMMON STOCK             | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               |  | NO        |    380586 | NS      | $2578382.26   | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| VEND MARKETPLACES ASA           | VEND MARKETPLACES ASA CL COMMON STOCK    | CUSIP: N/A<br>LEI: 5967007LIEEXZXHT0O36       | Long             | EC               |  | NO        |     50770 | NS      | $1751390.49   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SCATEC ASA                      | Scatec ASA COMMON STOCK                  | CUSIP: N/A<br>LEI: 5967007LIEEXZXIARK36       | Long             | EC               |  | NO        |     37364 | NS      | $394434.61    | 0.74%             |  |  |  | Yes           |                  1 | On Loan: No      |
| NORWEGIAN AIR SHUTTLE ASA       | NORWEGIAN AIR SHUTTLE AS COMMON STOCK    | CUSIP: N/A<br>LEI: 549300IEUH2FEM2Y6B51       | Long             | EC               |  | NO        |    153160 | NS      | $238211.38    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

**Name of Applicant:** GLOBAL X FUNDS

**Signature:** Joe Costello

**Name of Signer:** Joe Costello

**Title:** CCO