# EDGAR Filing Document

**Accession Number:** 0001432353
**File Stem:** 0002048251-25-001664
**Filing Date:** 2025-10
**Character Count:** 483863
**Document Hash:** b9007d68517a0b8af4b2cf452a2c6691
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-001664.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0002048251-25-001664

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 6

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**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:** 251434085

**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 Genomics & Biotechnology ETF (Series ID: S000062676)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000203266 | Global X Genomics & Biotechnology ETF | GNOM            |

## Nport-Ex

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X MLP ETF** | **Global X MLP ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **MASTER LIMITED PARTNERSHIPS — 97.3%** |  |  |
| Energy — 93.7% |  |  |
| &nbsp;&nbsp;&nbsp;Cheniere Energy Partners | 2311427 | $127683228 |
| &nbsp;&nbsp;&nbsp;CrossAmerica Partners | 100 | 2081 |
| &nbsp;&nbsp;&nbsp;Delek Logistics Partners | 1070281 | 46899713 |
| &nbsp;&nbsp;&nbsp;Energy Transfer | 15163696 | 268700693 |
| &nbsp;&nbsp;&nbsp;Enterprise Products Partners | 7885566 | 253442091 |
| &nbsp;&nbsp;&nbsp;Genesis Energy | 5143161 | 87382305 |
| &nbsp;&nbsp;&nbsp;Global Partners <sup>(A)</sup> | 1700504 | 90313767 |
| &nbsp;&nbsp;&nbsp;Martin Midstream Partners | 100 | 343 |
| &nbsp;&nbsp;&nbsp;MPLX | 4492226 | 228519537 |
| &nbsp;&nbsp;&nbsp;NGL Energy Partners \* | 100 | 541 |
| &nbsp;&nbsp;&nbsp;Plains All American Pipeline | 10120566 | 182170188 |
| &nbsp;&nbsp;&nbsp;Sunoco | 3160989 | 165319725 |
| &nbsp;&nbsp;&nbsp;USA Compression Partners | 3994060 | 96097084 |
| &nbsp;&nbsp;&nbsp;USD Partners \* | 100 | 1 |
| &nbsp;&nbsp;&nbsp;Western Midstream Partners | 5126588 | 201013515 |
|  |  | 1747544812 |
| Utilities — 3.6% |  |  |
| &nbsp;&nbsp;&nbsp;Suburban Propane Partners <sup>(A)</sup> | 3546193 | 66384733 |
| TOTAL MASTER LIMITED PARTNERSHIPS<br> (Cost $889,801,341) |  | 1813929545 |
| **COMMON STOCK — 9.3%** |  |  |
| Energy — 9.3% |  |  |
| &nbsp;&nbsp;&nbsp;Hess Midstream, Cl A | 4199272 | 173010007 |
| &nbsp;&nbsp;&nbsp;ONEOK . | 100 | 7638 |
| &nbsp;&nbsp;&nbsp;Summit Midstream \* | 100 | 2302 |
|  |  | 173019947 |
| Utilities — 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;Star Group | 100 | 1165 |
| TOTAL COMMON STOCK<br> (Cost $128,279,954) |  | 173021112 |
| TOTAL INVESTMENTS — 106.6%<br> (Cost $1,018,081,295) |  | $1986950657 |

---

*Percentages are based on Net Assets of $1,863,217,608.*

*\** *Non-income producing security.* <br> *(A)* *Affiliated investment.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X MLP ETF** | **Global X MLP ETF** |

---

*As of August 31, 2025, 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.*

*The following is a summary of the Fund's transactions with affiliates for the period ended August 31, 2025:*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Value<br> 11/30/2024 | Purchases<br> at Cost | Proceeds<br> from Sales | Change in<br> Unrealized<br> Appreciation<br> (Depreciation) | Realized Gain<br> (Loss) | Value<br> 8/31/2025 | Income | Capital Gains |
| **Global Partners** | **Global Partners** | **Global Partners** |  |  |  |  |  |
| $75431933 | $24486075 | $(7629670) | $(1443472) | $(531099) | $90313767 | $— | $— |
| **Suburban Propane Partners** | **Suburban Propane Partners** | **Suburban Propane Partners** |  |  |  |  |  |
| 54637224 | 25596190 | (11899122) | (1074428) | (875131) | 66384733 |  |  |
| **Totals:** | **Totals:** | **Totals:** |  |  |  |  |  |
| $130069157 | $50082265 | $(19528792) | $(2517900) | $(1406230) | $156698500 | $— | $— |

---

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X MLP & Energy Infrastructure ETF** | **Global X MLP & Energy Infrastructure ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 74.5%** |  |  |
| **CANADA — 24.9%** |  |  |
| Energy — 24.9% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Enbridge | 4872627 | $235542789 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pembina Pipeline | 3123380 | 117970063 |
| &nbsp;&nbsp;&nbsp;&nbsp;South Bow | 2178584 | 60433920 |
| &nbsp;&nbsp;&nbsp;&nbsp;TC Energy | 4487230 | 233605194 |
| TOTAL CANADA |  | 647551966 |
| **UNITED STATES — 49.6%** |  |  |
| Energy — 49.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream | 3502290 | 62305739 |
| &nbsp;&nbsp;&nbsp;&nbsp;Archrock | 1791066 | 44346794 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cheniere Energy | 774509 | 187291766 |
| &nbsp;&nbsp;&nbsp;&nbsp;DT Midstream | 1063150 | 110758967 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hess Midstream, Cl A | 1201919 | 49519063 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan | 7638707 | 206092315 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kinetik Holdings, Cl A | 402262 | 16826619 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kodiak Gas Services | 563376 | 20163227 |
| &nbsp;&nbsp;&nbsp;&nbsp;NextDecade \* | 1362812 | 14609345 |
| &nbsp;&nbsp;&nbsp;&nbsp;ONEOK | 2238620 | 170985796 |
| &nbsp;&nbsp;&nbsp;&nbsp;Targa Resources | 701846 | 117741685 |
| &nbsp;&nbsp;&nbsp;&nbsp;Venture Global, Cl A <sup>(A)</sup> | 4650215 | 60452795 |
| &nbsp;&nbsp;&nbsp;&nbsp;Williams | 3988988 | 230882625 |
| TOTAL UNITED STATES |  | 1291976736 |
| TOTAL COMMON STOCK<br> (Cost $1,630,340,705) |  | 1939528702 |
| **MASTER LIMITED PARTNERSHIPS — 25.4%** |  |  |
| **UNITED STATES— 25.4%** |  |  |
| Energy — 25.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cheniere Energy Partners | 467118 | 25803598 |
| &nbsp;&nbsp;&nbsp;&nbsp;Delek Logistics Partners | 218887 | 9591628 |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy Transfer | 6643526 | 117723281 |
| &nbsp;&nbsp;&nbsp;&nbsp;Enterprise Products Partners | 3635968 | 116860011 |
| &nbsp;&nbsp;&nbsp;&nbsp;Genesis Energy | 1236675 | 21011108 |
| &nbsp;&nbsp;&nbsp;&nbsp;MPLX | 2290639 | 116524806 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plains All American Pipeline | 5428255 | 97708590 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plains GP Holdings, Cl A | 2015902 | 38906909 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X MLP & Energy Infrastructure ETF** | **Global X MLP & Energy Infrastructure ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **MASTER LIMITED PARTNERSHIPS — continued** |  |  |
| Energy — continued |  |  |
| &nbsp;&nbsp;&nbsp;USA Compression Partners | 817709 | $19674079 |
| &nbsp;&nbsp;&nbsp;Western Midstream Partners | 2501336 | 98077385 |
| TOTAL UNITED STATES |  | 661881395 |
| TOTAL MASTER LIMITED PARTNERSHIPS<br> (Cost $411,626,705) |  | 661881395 |
|  | **Face Amount** |  |
| **U.S. TREASURY OBLIGATION — 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bill <br> 4.257%, 09/30/2025<sup>(B)</sup> | $100000000 | 99669833 |
| TOTAL U.S. TREASURY OBLIGATION<br> (Cost $99,681,738) |  | 99669833 |
|  | **Shares** |  |
| **SHORT-TERM INVESTMENT<sup>(C)(D)</sup> — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio, Cl Institutional, 4.300%<br> (Cost $48,566,550) | 48566550 | 48566550 |
| TOTAL INVESTMENTS — 105.6%<br> (Cost $2,190,215,698) |  | $2749646480 |

---

*Percentages are based on Net Assets of $2,604,694,053.*

*\** *Non-income producing security.*

*(A)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $47,650,200.* 

*(B)* *Interest rate represents the security's effective yield at the time of purchase.* 

*(C)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $48,566,550. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $0.*

*(D)* *The rate reported on the Schedule of Investments is the 7-day effective yield as of August 31, 2025.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X MLP & Energy Infrastructure ETF** | **Global X MLP & Energy Infrastructure ETF** |

---

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*1939528702* | $*—* | $*—* | $*1939528702* |
| &nbsp;&nbsp;&nbsp;*Master Limited Partnerships* | *661881395* | *—* | *—* | *661881395* |
| &nbsp;&nbsp;&nbsp;*U.S. Treasury Obligation* | *—* | *99669833* | *—* | *99669833* |
| &nbsp;&nbsp;&nbsp;*Short-Term Investment* | *48566550* | *—* | *—* | *48566550* |
| *Total Investments in Securities* | $*2649976647* | $*99669833* | $*—* | $*2749646480* |

---

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*Amounts designated as "—" are $0 or have been rounded to $0.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Alternative Income ETF** | **Global X Alternative Income ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **EXCHANGE-TRADED FUNDS — 77.9%** |  |  |
| **Domestic Equity — 37.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Global X Nasdaq 100<sup>®</sup> Covered Call ETF <sup>(A)(B)</sup> | 414838 | $6902904 |
| &nbsp;&nbsp;&nbsp;Global X U.S. Preferred ETF <sup>(B)(C)</sup> | 358180 | 6930783 |
|  |  | 13833687 |
| **Foreign Fixed Income — 20.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Global X Emerging Markets Bond ETF <sup>(B)(D)</sup> | 318915 | 7535961 |
| **International Equity — 19.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Global X SuperDividend<sup>®</sup> REIT ETF <sup>(B)(E)</sup> | 332682 | 7274691 |
| TOTAL EXCHANGE-TRADED FUNDS<br> (Cost $34,424,646) |  | 28644339 |
| **COMMON STOCK — 13.1%** |  |  |
| Energy — 6.2% |  |  |
| &nbsp;&nbsp;&nbsp;Antero Midstream | 31580 | 561808 |
| &nbsp;&nbsp;&nbsp;Hess Midstream, Cl A | 13142 | 541451 |
| &nbsp;&nbsp;&nbsp;Kinder Morgan | 21465 | 579126 |
| &nbsp;&nbsp;&nbsp;Williams | 10299 | 596106 |
|  |  | 2278491 |
| Utilities — 6.9% |  |  |
| &nbsp;&nbsp;&nbsp;ALLETE | 7311 | 469001 |
| &nbsp;&nbsp;&nbsp;Evergy | 7579 | 540080 |
| &nbsp;&nbsp;&nbsp;Northwestern Energy Group | 8291 | 476815 |
| &nbsp;&nbsp;&nbsp;OGE Energy | 11455 | 511580 |
| &nbsp;&nbsp;&nbsp;Spire | 7019 | 537655 |
|  |  | 2535131 |
| TOTAL COMMON STOCK<br> (Cost $3,808,116) |  | 4813622 |
| **MASTER LIMITED PARTNERSHIPS — 8.9%** |  |  |
| Energy — 8.9% |  |  |
| &nbsp;&nbsp;&nbsp;Black Stone Minerals | 31181 | 379161 |
| &nbsp;&nbsp;&nbsp;Energy Transfer | 28798 | 510300 |
| &nbsp;&nbsp;&nbsp;Enterprise Products Partners | 15897 | 510930 |
| &nbsp;&nbsp;&nbsp;Kimbell Royalty Partners | 29236 | 408427 |
| &nbsp;&nbsp;&nbsp;MPLX | 10551 | 536729 |
| &nbsp;&nbsp;&nbsp;Plains All American Pipeline | 26340 | 474120 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Alternative Income ETF** | **Global X Alternative Income ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **MASTER LIMITED PARTNERSHIPS — continued** |  |  |
| Energy — continued |  |  |
| &nbsp;&nbsp;&nbsp;Sunoco | 8862 | $463483 |
| TOTAL MASTER LIMITED PARTNERSHIPS <br> (Cost $2,014,696) |  | 3283150 |
| TOTAL INVESTMENTS — 99.9% <br> (Cost $40,247,458) |  | $36741111 |

---

*Percentages are based on Net Assets of $36,786,726.*

*(A)* *For financial information on the Global X Nasdaq 100® Covered Call ETF, please go to the Fund's website at https://www.globalxetfs.com/explore/.* 

*(B)* *Affiliated investment.* 

*(C)* *For financial information on the Global X U.S. Preferred ETF, please go to the Fund's website at https://www.globalxetfs.com/explore/.* 

*(D)* *For financial information on the Global X Emerging Markets Bond ETF, please go to the Fund's website at https://www.globalxetfs.com/explore/.* 

*(E)* *For financial information on the Global X SuperDividend® REIT ETF, please go to the Fund's website at https://www.globalxetfs.com/explore/.* 

*As of August 31, 2025, 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.*

*The following is a summary of the Fund's transactions with affiliates for the period ended August 31, 2025:*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Value<br> 11/30/2024 | Purchases<br> at Cost | Proceeds<br> from Sales | Change in<br> Unrealized<br> Appreciation<br> (Depreciation) | Realized Gain<br> (Loss) | Value<br> 8/31/2025 | Income | Capital Gains |
| **Global X SuperDividend® REIT ETF** | **Global X SuperDividend® REIT ETF** | **Global X SuperDividend® REIT ETF** |  |  |  |  |  |
| $6483682 | $1006153 | $(519701) | $401610 | $(97053) | $7274691 | $256798 | $12893 |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |  |  |  |  |  |
| 6715131 | 1062897 | (387507) | 156049 | (10609) | 7535961 | 326596 |  |
| **Global X Nasdaq 100® Covered Call ETF** | **Global X Nasdaq 100® Covered Call ETF** | **Global X Nasdaq 100® Covered Call ETF** |  |  |  |  |  |
| 6861142 | 993256 | (367404) | (574174) | (9916) | 6902904 | 650659 |  |
| **Global X U.S. Preferred ETF** | **Global X U.S. Preferred ETF** | **Global X U.S. Preferred ETF** |  |  |  |  |  |
| 6671832 | 975660 | (360308) | (322593) | (33808) | 6930783 | 301738 |  |
| **Totals:** | **Totals:** | **Totals:** |  |  |  |  |  |
| $26731787 | $4037966 | $(1634920) | $(339108) | $(151386) | $28644339 | $1535791 | $12893 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Alternative Income ETF** | **Global X Alternative Income ETF** |

---

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*Amounts designated as "—" are $0 or have been rounded to $0.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Conscious Companies ETF** | **Global X Conscious Companies ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.9%** |  |  |
| **UNITED STATES — 99.9%** |  |  |
| Communication Services — 8.0% |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 93980 | $20009282 |
| &nbsp;&nbsp;&nbsp;Comcast, Cl A | 94982 | 3226539 |
| &nbsp;&nbsp;&nbsp;Electronic Arts | 22012 | 3784963 |
| &nbsp;&nbsp;&nbsp;Interpublic Group | 127695 | 3427334 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 17400 | 12853380 |
| &nbsp;&nbsp;&nbsp;Netflix \* | 2845 | 3437471 |
| &nbsp;&nbsp;&nbsp;T-Mobile US | 13575 | 3420764 |
| &nbsp;&nbsp;&nbsp;Verizon Communications | 77989 | 3449454 |
|  |  | 53609187 |
| Consumer Discretionary — 10.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amazon.com \* | 85765 | 19640185 |
| &nbsp;&nbsp;&nbsp;BorgWarner | 93254 | 3987541 |
| &nbsp;&nbsp;&nbsp;Dick's Sporting Goods | 15858 | 3374582 |
| &nbsp;&nbsp;&nbsp;eBay | 40754 | 3692720 |
| &nbsp;&nbsp;&nbsp;Hilton Worldwide Holdings | 12557 | 3466486 |
| &nbsp;&nbsp;&nbsp;Home Depot | 9006 | 3663371 |
| &nbsp;&nbsp;&nbsp;Lear | 31065 | 3417150 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lululemon Athletica \* | 15362 | 3106196 |
| &nbsp;&nbsp;&nbsp;Marriott International, Cl A | 12312 | 3297892 |
| &nbsp;&nbsp;&nbsp;NIKE, Cl B | 44547 | 3446601 |
| &nbsp;&nbsp;&nbsp;PulteGroup | 28957 | 3822903 |
| &nbsp;&nbsp;&nbsp;Starbucks | 35857 | 3162229 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tesla \* | 15846 | 5290504 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ulta Beauty \* | 6542 | 3223440 |
| &nbsp;&nbsp;&nbsp;Yum! Brands | 23038 | 3385895 |
|  |  | 69977695 |
| Consumer Staples — 4.9% |  |  |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 48624 | 3354570 |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive | 37984 | 3193315 |
| &nbsp;&nbsp;&nbsp;Costco Wholesale | 3598 | 3394065 |
| &nbsp;&nbsp;&nbsp;General Mills | 65942 | 3252919 |
| &nbsp;&nbsp;&nbsp;Kimberly-Clark | 26302 | 3396640 |
| &nbsp;&nbsp;&nbsp;Mondelez International, Cl A | 47870 | 2941133 |
| &nbsp;&nbsp;&nbsp;PepsiCo | 23250 | 3456113 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 21155 | 3322181 |
| &nbsp;&nbsp;&nbsp;Target | 31750 | 3047365 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Conscious Companies ETF** | **Global X Conscious Companies ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Consumer Staples — continued |  |  |
| &nbsp;&nbsp;&nbsp;Walmart | 34782 | $3373158 |
|  |  | 32731459 |
| Energy — 2.6% |  |  |
| &nbsp;&nbsp;&nbsp;Chevron | 21561 | 3462697 |
| &nbsp;&nbsp;&nbsp;ConocoPhillips | 35137 | 3477509 |
| &nbsp;&nbsp;&nbsp;EOG Resources | 28222 | 3522670 |
| &nbsp;&nbsp;&nbsp;ONEOK | 40966 | 3128983 |
| &nbsp;&nbsp;&nbsp;Valero Energy | 23940 | 3639119 |
|  |  | 17230978 |
| Financials — 12.2% |  |  |
| &nbsp;&nbsp;&nbsp;Aflac | 32795 | 3504474 |
| &nbsp;&nbsp;&nbsp;American Express | 10899 | 3610621 |
| &nbsp;&nbsp;&nbsp;Bank of America | 69428 | 3522777 |
| &nbsp;&nbsp;&nbsp;Bank of New York Mellon | 33608 | 3549005 |
| &nbsp;&nbsp;&nbsp;Capital One Financial | 15898 | 3612344 |
| &nbsp;&nbsp;&nbsp;Charles Schwab | 34816 | 3336765 |
| &nbsp;&nbsp;&nbsp;Citigroup | 35220 | 3401195 |
| &nbsp;&nbsp;&nbsp;FactSet Research Systems | 7971 | 2975734 |
| &nbsp;&nbsp;&nbsp;Hartford Financial Services Group | 27307 | 3612989 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase | 11330 | 3415089 |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A | 5962 | 3549119 |
| &nbsp;&nbsp;&nbsp;MetLife | 43189 | 3513857 |
| &nbsp;&nbsp;&nbsp;Moody's | 6548 | 3337908 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley | 23577 | 3547867 |
| &nbsp;&nbsp;&nbsp;Nasdaq | 35935 | 3404482 |
| &nbsp;&nbsp;&nbsp;&nbsp;PayPal Holdings \* | 43169 | 3030032 |
| &nbsp;&nbsp;&nbsp;Principal Financial Group | 41822 | 3367089 |
| &nbsp;&nbsp;&nbsp;Progressive | 13582 | 3355569 |
| &nbsp;&nbsp;&nbsp;Prudential Financial | 32208 | 3531929 |
| &nbsp;&nbsp;&nbsp;S&P Global | 6330 | 3471625 |
| &nbsp;&nbsp;&nbsp;Synchrony Financial | 46785 | 3571567 |
| &nbsp;&nbsp;&nbsp;T Rowe Price Group | 31236 | 3361618 |
| &nbsp;&nbsp;&nbsp;Travelers | 12824 | 3481844 |
| &nbsp;&nbsp;&nbsp;Visa, Cl A | 9491 | 3338744 |
|  |  | 82404243 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Conscious Companies ETF** | **Global X Conscious Companies ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Health Care — 13.6% |  |  |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories | 26743 | $3547726 |
| &nbsp;&nbsp;&nbsp;AbbVie | 17607 | 3704513 |
| &nbsp;&nbsp;&nbsp;Agilent Technologies | 27916 | 3507925 |
| &nbsp;&nbsp;&nbsp;Amgen | 10888 | 3132587 |
| &nbsp;&nbsp;&nbsp;Boston Scientific \* | 31633 | 3337282 |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 68647 | 3238766 |
| &nbsp;&nbsp;&nbsp;Cardinal Health | 21226 | 3158004 |
| &nbsp;&nbsp;&nbsp;&nbsp;Centene \* | 125547 | 3645885 |
| &nbsp;&nbsp;&nbsp;Cigna Group | 11429 | 3438643 |
| &nbsp;&nbsp;&nbsp;Danaher | 16565 | 3409408 |
| &nbsp;&nbsp;&nbsp;Elevance Health | 11982 | 3818064 |
| &nbsp;&nbsp;&nbsp;Eli Lilly | 4171 | 3055591 |
| &nbsp;&nbsp;&nbsp;Gilead Sciences | 29680 | 3352950 |
| &nbsp;&nbsp;&nbsp;HCA Healthcare | 9839 | 3974562 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intuitive Surgical \* | 6876 | 3254376 |
| &nbsp;&nbsp;&nbsp;&nbsp;IQVIA Holdings \* | 16729 | 3192061 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 19814 | 3510446 |
| &nbsp;&nbsp;&nbsp;McKesson | 4730 | 3247807 |
| &nbsp;&nbsp;&nbsp;Merck | 39943 | 3360005 |
| &nbsp;&nbsp;&nbsp;Regeneron Pharmaceuticals | 5950 | 3455165 |
| &nbsp;&nbsp;&nbsp;ResMed | 12285 | 3372355 |
| &nbsp;&nbsp;&nbsp;Stryker | 8469 | 3314851 |
| &nbsp;&nbsp;&nbsp;Thermo Fisher Scientific | 7073 | 3485009 |
| &nbsp;&nbsp;&nbsp;UnitedHealth Group | 12060 | 3737032 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vertex Pharmaceuticals \* | 7112 | 2780934 |
| &nbsp;&nbsp;&nbsp;&nbsp;Waters \* | 11256 | 3397061 |
| &nbsp;&nbsp;&nbsp;Zoetis, Cl A | 21984 | 3438298 |
|  |  | 91867306 |
| Industrials — 7.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amentum Holdings \* | 132747 | 3312038 |
| &nbsp;&nbsp;&nbsp;Automatic Data Processing | 10971 | 3335733 |
| &nbsp;&nbsp;&nbsp;Booz Allen Hamilton Holding, Cl A | 29184 | 3172884 |
| &nbsp;&nbsp;&nbsp;Caterpillar | 7823 | 3278150 |
| &nbsp;&nbsp;&nbsp;Cummins | 9199 | 3665250 |
| &nbsp;&nbsp;&nbsp;Deere | 6528 | 3124562 |
| &nbsp;&nbsp;&nbsp;General Dynamics | 10692 | 3470302 |
| &nbsp;&nbsp;&nbsp;Illinois Tool Works | 12832 | 3395989 |
| &nbsp;&nbsp;&nbsp;Jacobs Solutions | 23640 | 3456877 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Conscious Companies ETF** | **Global X Conscious Companies ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Industrials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Leidos Holdings | 20582 | $3723695 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin | 7989 | 3640028 |
| &nbsp;&nbsp;&nbsp;Paychex | 22948 | 3200213 |
| &nbsp;&nbsp;&nbsp;RTX | 21646 | 3433056 |
| &nbsp;&nbsp;&nbsp;Union Pacific | 15237 | 3406536 |
| &nbsp;&nbsp;&nbsp;United Parcel Service, Cl B | 32765 | 2864972 |
|  |  | 50480285 |
| Information Technology — 36.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Adobe \* | 9039 | 3224211 |
| &nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices \* | 20726 | 3370669 |
| &nbsp;&nbsp;&nbsp;&nbsp;Akamai Technologies \* | 41625 | 3293786 |
| &nbsp;&nbsp;&nbsp;Amphenol, Cl A | 32164 | 3501373 |
| &nbsp;&nbsp;&nbsp;Analog Devices | 14842 | 3729943 |
| &nbsp;&nbsp;&nbsp;Apple | 153071 | 35533902 |
| &nbsp;&nbsp;&nbsp;Applied Materials | 17859 | 2871013 |
| &nbsp;&nbsp;&nbsp;&nbsp;Arista Networks \* | 29465 | 4023446 |
| &nbsp;&nbsp;&nbsp;&nbsp;Autodesk \* | 11158 | 3511423 |
| &nbsp;&nbsp;&nbsp;Avnet | 62986 | 3437146 |
| &nbsp;&nbsp;&nbsp;Broadcom | 33895 | 10080034 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cadence Design Systems \* | 10350 | 3626950 |
| &nbsp;&nbsp;&nbsp;CDW | 18578 | 3060911 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 49200 | 3399228 |
| &nbsp;&nbsp;&nbsp;Cognizant Technology Solutions, Cl A | 43783 | 3163322 |
| &nbsp;&nbsp;&nbsp;Dell Technologies, Cl C | 26177 | 3197521 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dynatrace \* | 61958 | 3135075 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gartner \* | 9430 | 2368722 |
| &nbsp;&nbsp;&nbsp;HP | 130781 | 3732490 |
| &nbsp;&nbsp;&nbsp;&nbsp;HubSpot \* | 6084 | 2939606 |
| &nbsp;&nbsp;&nbsp;Intuit | 4301 | 2868767 |
| &nbsp;&nbsp;&nbsp;&nbsp;Keysight Technologies \* | 20288 | 3315668 |
| &nbsp;&nbsp;&nbsp;Littelfuse | 14717 | 3823918 |
| &nbsp;&nbsp;&nbsp;Micron Technology | 30071 | 3578750 |
| &nbsp;&nbsp;&nbsp;Microsoft | 77569 | 39303437 |
| &nbsp;&nbsp;&nbsp;Motorola Solutions | 7909 | 3736686 |
| &nbsp;&nbsp;&nbsp;NetApp | 32101 | 3620672 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 256773 | 44724721 |
| &nbsp;&nbsp;&nbsp;Oracle | 13836 | 3128735 |
| &nbsp;&nbsp;&nbsp;&nbsp;Palo Alto Networks \* | 16699 | 3181493 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Conscious Companies ETF** | **Global X Conscious Companies ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — continued |  |  |
| &nbsp;&nbsp;&nbsp;QUALCOMM | 21150 | $3399440 |
| &nbsp;&nbsp;&nbsp;Salesforce | 12549 | 3215681 |
| &nbsp;&nbsp;&nbsp;&nbsp;ServiceNow \* | 3372 | 3093675 |
| &nbsp;&nbsp;&nbsp;&nbsp;Synopsys \* | 5510 | 3325395 |
| &nbsp;&nbsp;&nbsp;Texas Instruments | 18093 | 3663471 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trimble \* | 39907 | 3225284 |
| &nbsp;&nbsp;&nbsp;VeriSign | 11720 | 3203896 |
| &nbsp;&nbsp;&nbsp;&nbsp;Workday, Cl A \* | 14164 | 3269334 |
|  |  | 242879794 |
| Materials — 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;Avery Dennison | 18828 | 3231826 |
| &nbsp;&nbsp;&nbsp;Dow | 134000 | 3300420 |
| &nbsp;&nbsp;&nbsp;Nucor | 23756 | 3533230 |
| &nbsp;&nbsp;&nbsp;Steel Dynamics | 26490 | 3468071 |
|  |  | 13533547 |
| Real Estate — 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CBRE Group, Cl A \* | 23238 | 3767345 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jones Lang LaSalle \* | 12855 | 3928102 |
| &nbsp;&nbsp;&nbsp;&nbsp;ProLogis <sup>‡</sup> | 30621 | 3484057 |
|  |  | 11179504 |
| Utilities — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;American Water Works | 23912 | 3431611 |
| &nbsp;&nbsp;&nbsp;Exelon | 76824 | 3355672 |
|  |  | 6787283 |
| TOTAL UNITED STATES |  | 672681281 |
| TOTAL COMMON STOCK<br> (Cost $533,963,587) |  | 672681281 |
| TOTAL INVESTMENTS — 99.9%<br> (Cost $533,963,587) |  | $672681281 |

---

*Percentages are based on Net Assets of $673,669,612.*

*\** *Non-income producing security.* <br> *‡* *Real Estate Investment Trust*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Conscious Companies ETF** | **Global X Conscious Companies ETF** |

---

*As of August 31, 2025, all of the Fund's investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Preferred ETF** | **Global X U.S. Preferred ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **PREFERRED STOCK — 99.5%** |  |  |
| **BERMUDA—1.0%** |  |  |
| Financials — 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;Aspen Insurance Holdings, 7.000% | 176847 | $4491914 |
| &nbsp;&nbsp;&nbsp;Aspen Insurance Holdings, 5.625% | 189107 | 4107404 |
| &nbsp;&nbsp;&nbsp;RenaissanceRe Holdings, 5.750% | 188638 | 4229264 |
| &nbsp;&nbsp;&nbsp;RenaissanceRe Holdings, 4.200% | 382611 | 6263342 |
|  |  | 19091924 |
| Industrials — 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;Triton International, 6.875% | 116644 | 2813453 |
| TOTAL BERMUDA |  | 21905377 |
| **CANADA—0.8%** |  |  |
| Financials — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;Brookfield Finance, 4.625% | 320376 | 5222129 |
| Utilities — 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Algonquin Power & Utilities, 8.864%, US0003M + 4.010% <sup>(A)</sup> | 267783 | 6831144 |
| &nbsp;&nbsp;&nbsp;Brookfield BRP Holdings Canada, 4.625% | 263005 | 4187040 |
| &nbsp;&nbsp;&nbsp;Brookfield Infrastructure Finance ULC, 7.250% | 125386 | 3208628 |
|  |  | 14226812 |
| TOTAL CANADA |  | 19448941 |
| **NETHERLANDS—0.7%** |  |  |
| Financials — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;AEGON Funding, 5.100% | 734776 | 14960039 |
| TOTAL NETHERLANDS |  | 14960039 |
| **UNITED STATES— 97.0%** |  |  |
| Communication Services — 5.3% |  |  |
| &nbsp;&nbsp;&nbsp;Array Digital Infrastructure, 6.250% | 369720 | 7660598 |
| &nbsp;&nbsp;&nbsp;Array Digital Infrastructure, 5.500% | 375833 | 6749960 |
| &nbsp;&nbsp;&nbsp;AT&T, 5.350% | 1016416 | 22940509 |
| &nbsp;&nbsp;&nbsp;AT&T, 5.000% | 920356 | 18894909 |
| &nbsp;&nbsp;&nbsp;AT&T, 4.750% | 1340898 | 26308419 |
| &nbsp;&nbsp;&nbsp;Qwest, 6.750% | 486253 | 9676435 |
| &nbsp;&nbsp;&nbsp;Qwest, 6.500% | 746067 | 14846733 |
| &nbsp;&nbsp;&nbsp;Telephone and Data Systems, 6.625% | 325322 | 6831762 |
| &nbsp;&nbsp;&nbsp;Telephone and Data Systems, 6.000% | 538554 | 10070960 |
|  |  | 123980285 |
| Consumer Discretionary — 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;Brunswick, 6.375% | 173706 | 4281853 |
| &nbsp;&nbsp;&nbsp;Ford Motor, 6.500% | 473065 | 11022414 |
| &nbsp;&nbsp;&nbsp;Ford Motor, 6.200% | 589887 | 12706166 |
| &nbsp;&nbsp;&nbsp;Ford Motor, 6.000% | 630982 | 13326340 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Preferred ETF** | **Global X U.S. Preferred ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **PREFERRED STOCK — continued** |  |  |
| Consumer Discretionary — continued |  |  |
| &nbsp;&nbsp;&nbsp;QVC, 6.250% | 425363 | $4232362 |
| &nbsp;&nbsp;&nbsp;QVC Group, 8.000% | 220805 | 1499266 |
|  |  | 47068401 |
| Financials — 62.7% |  |  |
| &nbsp;&nbsp;&nbsp;Affiliated Managers Group, 6.750% | 352543 | 8714863 |
| &nbsp;&nbsp;&nbsp;Affiliated Managers Group, 5.875% | 232764 | 5013737 |
| &nbsp;&nbsp;&nbsp;&nbsp;Allstate, 7.558%, TSFR3M + 3.427% <sup>(A)</sup> | 386749 | 9997462 |
| &nbsp;&nbsp;&nbsp;Allstate, 7.375% | 474317 | 12920395 |
| &nbsp;&nbsp;&nbsp;Allstate, 5.100% | 886487 | 19369741 |
| &nbsp;&nbsp;&nbsp;Allstate, 4.750% | 228227 | 4612468 |
| &nbsp;&nbsp;&nbsp;American National Group, 7.375% | 228323 | 5799404 |
| &nbsp;&nbsp;&nbsp;&nbsp;Apollo Global Management, 7.625%, H15T5Y + 3.226% <sup>(A)</sup> | 472386 | 12494610 |
| &nbsp;&nbsp;&nbsp;&nbsp;Apollo Global Management, 6.750% \* | 550060 | 39444803 |
| &nbsp;&nbsp;&nbsp;Arch Capital Group, 5.450% | 250648 | 5333789 |
| &nbsp;&nbsp;&nbsp;Arch Capital Group, 4.550% | 383935 | 6764935 |
| &nbsp;&nbsp;&nbsp;Ares Management, 6.750% | 572880 | 31422468 |
| &nbsp;&nbsp;&nbsp;&nbsp;Associated Banc-Corp, 6.625%, H15T5Y + 2.812% <sup>(A)</sup> | 233361 | 5731346 |
| &nbsp;&nbsp;&nbsp;Assurant, 5.250% | 185661 | 3789341 |
| &nbsp;&nbsp;&nbsp;&nbsp;Athene Holding, 7.750%, H15T5Y + 3.962% <sup>(A)</sup> | 382613 | 9905851 |
| &nbsp;&nbsp;&nbsp;&nbsp;Athene Holding, 7.250%, H15T5Y + 2.986% <sup>(A)</sup> | 443562 | 11244297 |
| &nbsp;&nbsp;&nbsp;&nbsp;Athene Holding, 6.350%, US0003M + 4.253% <sup>(A)</sup> | 675336 | 16795606 |
| &nbsp;&nbsp;&nbsp;Athene Holding, 5.625% | 262920 | 5563387 |
| &nbsp;&nbsp;&nbsp;Athene Holding, 4.875% | 437438 | 7773273 |
| &nbsp;&nbsp;&nbsp;Axis Capital Holdings, 5.500% | 436681 | 9165934 |
| &nbsp;&nbsp;&nbsp;&nbsp;Banc of California, 7.750%, H15T5Y + 4.820% <sup>(A)</sup> | 400161 | 9871972 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America, 7.250% \* | 24023 | 29957882 |
| &nbsp;&nbsp;&nbsp;Bank of America, 6.450% | 329443 | 8476568 |
| &nbsp;&nbsp;&nbsp;Bank of America, 6.000% | 429066 | 10829626 |
| &nbsp;&nbsp;&nbsp;Bank of America, 5.875% | 268556 | 6697787 |
| &nbsp;&nbsp;&nbsp;Bank of America, 5.375% | 439430 | 9825655 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America, 5.217%, TSFR3M + 1.012% <sup>(A)</sup> | 67347 | 1435838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America, 5.117%, TSFR3M + 0.912% <sup>(A)</sup> | 98618 | 2021669 |
| &nbsp;&nbsp;&nbsp;Bank of America, 5.000% | 413667 | 8596000 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Preferred ETF** | **Global X U.S. Preferred ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **PREFERRED STOCK — continued** |  |  |
| Financials — continued |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America, 4.977%, TSFR3M + 0.762% <sup>(A)</sup> | 132587 | $2737922 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America, 4.823%, TSFR3M + 0.612% <sup>(A)</sup> | 97224 | 2079621 |
| &nbsp;&nbsp;&nbsp;Bank of America, 4.750% | 226273 | 4448527 |
| &nbsp;&nbsp;&nbsp;Bank of America, 4.375% | 354177 | 6499148 |
| &nbsp;&nbsp;&nbsp;Bank of America, 4.250% | 427808 | 7576480 |
| &nbsp;&nbsp;&nbsp;Bank of America, 4.125% | 300360 | 5160185 |
| &nbsp;&nbsp;&nbsp;Bank of Hawaii, 8.000% | 124747 | 3318270 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of New York Mellon, 6.150%, H15T5Y + 2.161% <sup>(A)</sup> | 379187 | 9813360 |
| &nbsp;&nbsp;&nbsp;Bank OZK, 4.625% | 267741 | 4567661 |
| &nbsp;&nbsp;&nbsp;Brighthouse Financial, 6.750% | 322796 | 5965270 |
| &nbsp;&nbsp;&nbsp;Brighthouse Financial, 6.600% | 343602 | 6219196 |
| &nbsp;&nbsp;&nbsp;Brighthouse Financial, 6.250% | 300693 | 5758271 |
| &nbsp;&nbsp;&nbsp;Brighthouse Financial, 5.375% | 471259 | 7040609 |
| &nbsp;&nbsp;&nbsp;Brighthouse Financial, 4.625% | 287829 | 3877057 |
| &nbsp;&nbsp;&nbsp;Capital One Financial, 5.000% | 1160595 | 22886933 |
| &nbsp;&nbsp;&nbsp;Capital One Financial, 4.800% | 969468 | 18235693 |
| &nbsp;&nbsp;&nbsp;Capital One Financial, 4.375% | 518605 | 8847401 |
| &nbsp;&nbsp;&nbsp;Capital One Financial, 4.250% | 324841 | 5561278 |
| &nbsp;&nbsp;&nbsp;Carlyle Finance, 4.625% | 386570 | 7062634 |
| &nbsp;&nbsp;&nbsp;Charles Schwab, 5.950% | 578923 | 14588860 |
| &nbsp;&nbsp;&nbsp;Charles Schwab, 4.450% | 458996 | 8904522 |
| &nbsp;&nbsp;&nbsp;&nbsp;Citigroup Capital XIII, 10.942%, TSFR3M + 6.632% <sup>(A)</sup> | 1770555 | 52851067 |
| &nbsp;&nbsp;&nbsp;Citizens Financial Group, 7.375% | 304963 | 8044924 |
| &nbsp;&nbsp;&nbsp;Citizens Financial Group, 5.000% | 343526 | 6873955 |
| &nbsp;&nbsp;&nbsp;Corebridge Financial, 6.375% | 457546 | 10981104 |
| &nbsp;&nbsp;&nbsp;Equitable Holdings, 5.250% | 615311 | 13161502 |
| &nbsp;&nbsp;&nbsp;Equitable Holdings, 4.300% | 228616 | 3966488 |
| &nbsp;&nbsp;&nbsp;F&G Annuities & Life, 7.950% | 267154 | 6951347 |
| &nbsp;&nbsp;&nbsp;F&G Annuities & Life, 7.300% | 281619 | 6778569 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fifth Third Bancorp, 8.267%, TSFR3M + 3.972% <sup>(A)</sup> | 349404 | 8927272 |
| &nbsp;&nbsp;&nbsp;Fifth Third Bancorp, 6.000% | 151383 | 3651358 |
| &nbsp;&nbsp;&nbsp;Fifth Third Bancorp, 4.950% | 190352 | 3845110 |
| &nbsp;&nbsp;&nbsp;First Citizens BancShares, 5.625% | 151700 | 3436005 |
| &nbsp;&nbsp;&nbsp;First Citizens BancShares, 5.375% | 262505 | 5614982 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Preferred ETF** | **Global X U.S. Preferred ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **PREFERRED STOCK — continued** |  |  |
| Financials — continued |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Flagstar Financial, 6.375%, US0003M + 3.821% <sup>(A)</sup> | 400436 | $8657426 |
| &nbsp;&nbsp;&nbsp;Globe Life, 4.250% | 246976 | 4126969 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group, 5.238%, TSFR3M + 1.012% <sup>(A)</sup> | 151217 | 3243605 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group, 5.238%, TSFR3M + 1.012% <sup>(A)</sup> | 583648 | 12770218 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group, 5.158%, TSFR3M + 0.932% <sup>(A)</sup> | 1070726 | 22785049 |
| &nbsp;&nbsp;&nbsp;Hancock Whitney, 6.250% | 130176 | 3069550 |
| &nbsp;&nbsp;&nbsp;Hartford Insurance Group, 6.000% | 267848 | 6696200 |
| &nbsp;&nbsp;&nbsp;&nbsp;Huntington Bancshares, 6.875%, H15T5Y + 2.704% <sup>(A)</sup> | 254605 | 6446599 |
| &nbsp;&nbsp;&nbsp;Huntington Bancshares, 5.700% | 136605 | 3068148 |
| &nbsp;&nbsp;&nbsp;Huntington Bancshares, 4.500% | 382110 | 6984971 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jackson Financial, 8.000%, H15T5Y + 3.728% <sup>(A)</sup> | 423021 | 11040848 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase, 6.000% | 931562 | 23680306 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase, 5.750% | 843360 | 21109301 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase, 4.750% | 458796 | 9423670 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase, 4.625% | 922395 | 18641603 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase, 4.550% | 747780 | 14693877 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase, 4.200% | 998386 | 18530044 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kemper, 5.875%, H15T5Y + 4.140% <sup>(A)</sup> | 112102 | 2653454 |
| &nbsp;&nbsp;&nbsp;&nbsp;KeyCorp, 6.200%, H15T5Y + 3.132% <sup>(A)</sup> | 460835 | 11428708 |
| &nbsp;&nbsp;&nbsp;&nbsp;KeyCorp, 6.125%, TSFR3M + 4.154% <sup>(A)</sup> | 383572 | 9573957 |
| &nbsp;&nbsp;&nbsp;KeyCorp, 5.650% | 323165 | 7209811 |
| &nbsp;&nbsp;&nbsp;KeyCorp, 5.625% | 342590 | 7711701 |
| &nbsp;&nbsp;&nbsp;KKR, 6.250% | 1018331 | 55549956 |
| &nbsp;&nbsp;&nbsp;KKR Group Finance IX, 4.625% | 381029 | 6988072 |
| &nbsp;&nbsp;&nbsp;Lincoln National, 9.000% | 382601 | 10272837 |
| &nbsp;&nbsp;&nbsp;M&T Bank, 7.500% | 575236 | 15588896 |
| &nbsp;&nbsp;&nbsp;&nbsp;M&T Bank, 5.625%, US0003M + 4.020% <sup>(A)</sup> | 188358 | 4661861 |
| &nbsp;&nbsp;&nbsp;Merchants Bancorp, 7.625% | 179945 | 4100947 |
| &nbsp;&nbsp;&nbsp;MetLife, 5.625% | 630763 | 15516770 |
| &nbsp;&nbsp;&nbsp;&nbsp;MetLife, 5.580%, TSFR3M + 1.262% <sup>(A)</sup> | 468562 | 11170518 |
| &nbsp;&nbsp;&nbsp;MetLife, 4.750% | 779424 | 15853484 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley, Ser E, 7.125% | 449922 | 11486509 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Preferred ETF** | **Global X U.S. Preferred ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **PREFERRED STOCK — continued** |  |  |
| Financials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Morgan Stanley, Ser F, 6.875%, US0003M + 3.940% | 445221 | $11290805 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley, 6.625% | 519250 | 13464152 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley, 6.500% | 516655 | 13185036 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley, 6.375% | 523310 | 13192645 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley, 5.850% | 526401 | 12886296 |
| &nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley, 5.279%, TSFR3M + 0.962% <sup>(A)</sup> | 571101 | 12450002 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley, 4.875% | 261030 | 5387659 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley, 4.250% | 683062 | 12138012 |
| &nbsp;&nbsp;&nbsp;National Rural Utilities Cooperative Finance, 5.500% | 190570 | 4503169 |
| &nbsp;&nbsp;&nbsp;New Mountain Finance, 8.250% | 86629 | 2188249 |
| &nbsp;&nbsp;&nbsp;Northern Trust, 4.700% | 304404 | 6167225 |
| &nbsp;&nbsp;&nbsp;Prudential Financial, 5.950% | 228936 | 5785213 |
| &nbsp;&nbsp;&nbsp;Prudential Financial, 5.625% | 432794 | 10655388 |
| &nbsp;&nbsp;&nbsp;Prudential Financial, 4.125% | 381034 | 6763353 |
| &nbsp;&nbsp;&nbsp;&nbsp;Regions Financial, 6.950%, H15T5Y + 2.771% <sup>(A)</sup> | 388423 | 9978587 |
| &nbsp;&nbsp;&nbsp;&nbsp;Regions Financial, 5.700%, TSFR3M + 3.410% <sup>(A)</sup> | 388709 | 9297919 |
| &nbsp;&nbsp;&nbsp;Regions Financial, 4.450% | 304901 | 5567492 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reinsurance Group of America, 7.125%, H15T5Y + 3.456% <sup>(A)</sup> | 536891 | 13722934 |
| &nbsp;&nbsp;&nbsp;SLM, 6.280%, TSFR3M + 1.962% (A) | 49844 | 3795122 |
| &nbsp;&nbsp;&nbsp;State Street, 5.350%, TSFR3M + 3.971% (A) | 388648 | 8938904 |
| &nbsp;&nbsp;&nbsp;Stifel Financial, 6.125% | 171082 | 4162425 |
| &nbsp;&nbsp;&nbsp;Stifel Financial, 5.200% | 170423 | 3621489 |
| &nbsp;&nbsp;&nbsp;Stifel Financial, 4.500% | 228086 | 4139761 |
| &nbsp;&nbsp;&nbsp;&nbsp;Synchrony Financial, 8.250%, H15T5Y + 4.044% <sup>(A)</sup> | 394409 | 10195473 |
| &nbsp;&nbsp;&nbsp;Synchrony Financial, 5.625% | 583643 | 11451076 |
| &nbsp;&nbsp;&nbsp;&nbsp;Synovus Financial, 8.397%, H15T5Y + 4.127% <sup>(A)</sup> | 271610 | 7181368 |
| &nbsp;&nbsp;&nbsp;&nbsp;Synovus Financial, 7.745%, TSFR3M + 3.614% <sup>(A)</sup> | 151852 | 3841856 |
| &nbsp;&nbsp;&nbsp;Texas Capital Bancshares, 5.750% | 224342 | 4628175 |
| &nbsp;&nbsp;&nbsp;TPG Operating Group II, 6.950% | 306478 | 7760023 |
| &nbsp;&nbsp;&nbsp;Truist Financial, 5.250% | 442273 | 9619438 |
| &nbsp;&nbsp;&nbsp;Truist Financial, 4.750% | 709111 | 13912758 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Preferred ETF** | **Global X U.S. Preferred ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **PREFERRED STOCK — continued** |  |  |
| Financials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Unum Group, 6.250% | 238065 | $5606431 |
| &nbsp;&nbsp;&nbsp;&nbsp;US Bancorp, 5.599%, TSFR3M + 1.282% <sup>(A)</sup> | 11254 | 9323489 |
| &nbsp;&nbsp;&nbsp;US Bancorp, 5.500% | 447647 | 10667428 |
| &nbsp;&nbsp;&nbsp;&nbsp;US Bancorp, 5.179%, TSFR3M + 0.862% <sup>(A)</sup> | 776321 | 15728263 |
| &nbsp;&nbsp;&nbsp;US Bancorp, 4.500% | 352133 | 6827859 |
| &nbsp;&nbsp;&nbsp;US Bancorp, 4.000% | 578173 | 9632362 |
| &nbsp;&nbsp;&nbsp;US Bancorp, 3.750% | 382626 | 5972792 |
| &nbsp;&nbsp;&nbsp;&nbsp;Voya Financial, 5.350%, H15T5Y + 3.210% <sup>(A)</sup> | 236011 | 5574580 |
| &nbsp;&nbsp;&nbsp;W R Berkley, 5.700% | 139470 | 3271966 |
| &nbsp;&nbsp;&nbsp;W R Berkley, 5.100% | 227927 | 4654269 |
| &nbsp;&nbsp;&nbsp;WaFd, 4.875% | 236615 | 3998793 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo, 7.500% \* | 44147 | 53638605 |
| &nbsp;&nbsp;&nbsp;Wells Fargo, 5.625% | 308585 | 7421469 |
| &nbsp;&nbsp;&nbsp;Wells Fargo, 4.750% | 898858 | 17491777 |
| &nbsp;&nbsp;&nbsp;Wells Fargo, 4.700% | 520614 | 9974964 |
| &nbsp;&nbsp;&nbsp;Wells Fargo, 4.375% | 481766 | 8604341 |
| &nbsp;&nbsp;&nbsp;Wells Fargo, 4.250% | 556946 | 9841236 |
| &nbsp;&nbsp;&nbsp;&nbsp;Western Alliance Bancorp, 4.250%, H15T5Y + 3.452% <sup>(A)</sup> | 228407 | 5200827 |
|  |  | 1455842608 |
| Health Care — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;BrightSpring Health Services, 6.750% | 150357 | 12273642 |
| Industrials — 5.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Boeing, 6.000% \* | 1466345 | 109125395 |
| &nbsp;&nbsp;&nbsp;Pitney Bowes, 6.700% | 325365 | 6338110 |
|  |  | 115463505 |
| Information Technology — 3.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise, 7.625% \* | 524520 | 33050005 |
| &nbsp;&nbsp;&nbsp;Microchip Technology, 7.500% | 604849 | 35928031 |
| &nbsp;&nbsp;&nbsp;Strategy, 8.000% | 190728 | 17985650 |
|  |  | 86963686 |
| Materials — 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Albemarle, 7.250% \* | 950037 | 37507461 |
| Real Estate — 4.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agree Realty, 4.250% <sup>‡</sup> | 135523 | 2443480 |
| &nbsp;&nbsp;&nbsp;&nbsp;Digital Realty Trust, 5.850% <sup>‡</sup> | 159150 | 3924639 |
| &nbsp;&nbsp;&nbsp;&nbsp;Digital Realty Trust, 5.250% <sup>‡</sup> | 151149 | 3338881 |
| &nbsp;&nbsp;&nbsp;&nbsp;Digital Realty Trust, 5.200% <sup>‡</sup> | 262671 | 5568625 |
| &nbsp;&nbsp;&nbsp;Diversified Healthcare Trust, 5.625% ‡ | 266066 | 4310269 |
| &nbsp;&nbsp;&nbsp;Hudson Pacific Properties, 4.750% ‡ | 320117 | 4865778 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kimco Realty, 5.250% <sup>‡</sup> | 198617 | 4238487 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Preferred ETF** | **Global X U.S. Preferred ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **PREFERRED STOCK — continued** |  |  |
| Real Estate — continued |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Storage, 5.600% <sup>‡</sup> | 217937 | $5101905 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Storage, 5.150% <sup>‡</sup> | 212422 | 4496974 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Storage, 5.050% <sup>‡</sup> | 227819 | 4670290 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Storage, 4.875% <sup>‡</sup> | 241073 | 4744317 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Storage, 4.700% <sup>‡</sup> | 196206 | 3727914 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Storage, 4.625% <sup>‡</sup> | 433742 | 8097963 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Storage, 4.000% <sup>‡</sup> | 463368 | 7474126 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Storage, 4.000% <sup>‡</sup> | 332961 | 5370661 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Storage, 3.875% <sup>‡</sup> | 215057 | 3363491 |
| &nbsp;&nbsp;&nbsp;&nbsp;RLJ Lodging Trust, 1.950% <sup>‡</sup> \* | 252946 | 6156706 |
| &nbsp;&nbsp;&nbsp;&nbsp;SL Green Realty, 6.500% <sup>‡</sup> | 173475 | 3989925 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vornado Realty Trust, 5.400% <sup>‡</sup> | 239194 | 4310276 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vornado Realty Trust, 5.250% <sup>‡</sup> | 236324 | 4116764 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vornado Realty Trust, 4.450% <sup>‡</sup> | 240541 | 3507088 |
|  |  | 97818559 |
| Utilities — 11.9% |  |  |
| &nbsp;&nbsp;&nbsp;CMS Energy, 5.875% | 216792 | 5146642 |
| &nbsp;&nbsp;&nbsp;CMS Energy, 5.875% | 488601 | 11540756 |
| &nbsp;&nbsp;&nbsp;CMS Energy, 4.200% | 174712 | 3232172 |
| &nbsp;&nbsp;&nbsp;DTE Energy, 5.250% | 305465 | 6931001 |
| &nbsp;&nbsp;&nbsp;DTE Energy, 4.375% | 212475 | 3731061 |
| &nbsp;&nbsp;&nbsp;Duke Energy, 5.750% | 769828 | 19014752 |
| &nbsp;&nbsp;&nbsp;Duke Energy, 5.625% | 383934 | 9406383 |
| &nbsp;&nbsp;&nbsp;Entergy Arkansas, 4.875% | 311943 | 6507131 |
| &nbsp;&nbsp;&nbsp;Entergy Louisiana, 4.875% | 204236 | 4225643 |
| &nbsp;&nbsp;&nbsp;Entergy Mississippi, 4.900% | 196923 | 4153106 |
| &nbsp;&nbsp;&nbsp;&nbsp;NextEra Energy, 7.299% \* | 804409 | 38764470 |
| &nbsp;&nbsp;&nbsp;NextEra Energy, 7.234% | 601901 | 27374457 |
| &nbsp;&nbsp;&nbsp;NextEra Energy Capital Holdings, 5.650% | 539016 | 12532122 |
| &nbsp;&nbsp;&nbsp;PG&E, 6.000% | 623415 | 24967771 |
| &nbsp;&nbsp;&nbsp;SCE Trust II, 5.100% | 187349 | 3168072 |
| &nbsp;&nbsp;&nbsp;SCE Trust VI, 5.000% | 362670 | 6110989 |
| &nbsp;&nbsp;&nbsp;SCE Trust VII, 7.500% | 422539 | 9824032 |
| &nbsp;&nbsp;&nbsp;SCE Trust VIII, 6.950% | 267572 | 5859827 |
| &nbsp;&nbsp;&nbsp;Sempra, 5.750% | 593363 | 13445605 |
| &nbsp;&nbsp;&nbsp;Southern, 6.500% | 434594 | 11364633 |
| &nbsp;&nbsp;&nbsp;Southern, 5.250% | 344723 | 7859684 |
| &nbsp;&nbsp;&nbsp;Southern, 4.950% | 765913 | 16482448 |
| &nbsp;&nbsp;&nbsp;Southern, 4.200% | 572682 | 10422812 |
| &nbsp;&nbsp;&nbsp;Spire, 5.900% | 189833 | 4656603 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Preferred ETF** | **Global X U.S. Preferred ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **PREFERRED STOCK — continued** |  |  |
| Utilities — continued |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tennessee Valley Authority, 2.216%, H15T30Y + 0.840% <sup>(A)</sup> | 157494 | $3697959 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tennessee Valley Authority, 2.134%, H15T30Y + 0.940% <sup>(A)</sup> | 195022 | 4616171 |
|  |  | 275036302 |
| TOTAL UNITED STATES |  | 2251954449 |
| TOTAL PREFERRED STOCK<br> (Cost $2,376,481,497) |  | 2308268806 |
| TOTAL INVESTMENTS — 99.5%<br> (Cost $2,376,481,497) |  | $2308268806 |

---

*Percentages are based on Net Assets of $2,320,759,938.*

---

| | |
|:---|:---|
| *\** | *Non-income producing security.* |
| *‡* | *Real Estate Investment Trust* |
| *(A)* | *Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; or by adjusting periodically based on prevailing interest rates.* |

---

*As of August 31, 2025, all of the Fund's investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X S&P 500<sup>®</sup> Quality Dividend ETF** | **Global X S&P 500<sup>®</sup> Quality Dividend ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.6%** |  |  |
| Communication Services — 4.9% |  |  |
| &nbsp;&nbsp;&nbsp;AT&T | 17882 | $523764 |
| &nbsp;&nbsp;&nbsp;Comcast, Cl A | 14370 | 488149 |
| &nbsp;&nbsp;&nbsp;Omnicom Group | 7243 | 567344 |
|  |  | 1579257 |
| Consumer Discretionary — 6.8% |  |  |
| &nbsp;&nbsp;&nbsp;Best Buy | 7246 | 533596 |
| &nbsp;&nbsp;&nbsp;Hasbro | 7437 | 603661 |
| &nbsp;&nbsp;&nbsp;LKQ | 13228 | 431497 |
| &nbsp;&nbsp;&nbsp;NIKE, Cl B | 8333 | 644724 |
|  |  | 2213478 |
| Consumer Staples — 23.6% |  |  |
| &nbsp;&nbsp;&nbsp;Brown-Forman, Cl B | 15381 | 460507 |
| &nbsp;&nbsp;&nbsp;Bunge Global | 4995 | 420679 |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 5725 | 394968 |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive | 4506 | 378819 |
| &nbsp;&nbsp;&nbsp;Conagra Brands | 18857 | 360734 |
| &nbsp;&nbsp;&nbsp;General Mills | 7597 | 374760 |
| &nbsp;&nbsp;&nbsp;Hershey | 2404 | 441735 |
| &nbsp;&nbsp;&nbsp;Hormel Foods | 13304 | 338454 |
| &nbsp;&nbsp;&nbsp;Kellanova | 5089 | 404575 |
| &nbsp;&nbsp;&nbsp;Kenvue | 18962 | 392703 |
| &nbsp;&nbsp;&nbsp;Kimberly-Clark | 3110 | 401625 |
| &nbsp;&nbsp;&nbsp;Kraft Heinz | 15599 | 436304 |
| &nbsp;&nbsp;&nbsp;McCormick | 5498 | 386894 |
| &nbsp;&nbsp;&nbsp;Molson Coors Beverage, Cl B | 8036 | 405738 |
| &nbsp;&nbsp;&nbsp;Mondelez International, Cl A | 6077 | 373371 |
| &nbsp;&nbsp;&nbsp;PepsiCo | 3110 | 462302 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 2541 | 399039 |
| &nbsp;&nbsp;&nbsp;Target | 4262 | 409067 |
| &nbsp;&nbsp;&nbsp;Tyson Foods, Cl A | 7423 | 421478 |
|  |  | 7663752 |
| Energy — 14.7% |  |  |
| &nbsp;&nbsp;&nbsp;Baker Hughes, Cl A | 12912 | 586205 |
| &nbsp;&nbsp;&nbsp;Chevron | 3459 | 555515 |
| &nbsp;&nbsp;&nbsp;Coterra Energy | 18834 | 460303 |
| &nbsp;&nbsp;&nbsp;EOG Resources | 4017 | 501402 |
| &nbsp;&nbsp;&nbsp;Halliburton | 21738 | 494105 |
| &nbsp;&nbsp;&nbsp;Marathon Petroleum | 3035 | 545420 |
| &nbsp;&nbsp;&nbsp;Phillips 66 | 4120 | 550349 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X S&P 500<sup>®</sup> Quality Dividend ETF** | **Global X S&P 500<sup>®</sup> Quality Dividend ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Energy — continued |  |  |
| &nbsp;&nbsp;&nbsp;Schlumberger | 13890 | $511708 |
| &nbsp;&nbsp;&nbsp;Valero Energy | 3761 | 571710 |
|  |  | 4776717 |
| Financials — 5.3% |  |  |
| &nbsp;&nbsp;&nbsp;BlackRock Funding | 521 | 587240 |
| &nbsp;&nbsp;&nbsp;Cincinnati Financial | 3442 | 528691 |
| &nbsp;&nbsp;&nbsp;T Rowe Price Group | 5507 | 592663 |
|  |  | 1708594 |
| Health Care — 9.6% |  |  |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 10133 | 478075 |
| &nbsp;&nbsp;&nbsp;Gilead Sciences | 4586 | 518080 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 3210 | 568716 |
| &nbsp;&nbsp;&nbsp;Medtronic PLC | 5779 | 536349 |
| &nbsp;&nbsp;&nbsp;Merck | 6170 | 519020 |
| &nbsp;&nbsp;&nbsp;Pfizer | 20543 | 508645 |
|  |  | 3128885 |
| Industrials — 16.6% |  |  |
| &nbsp;&nbsp;&nbsp;CH Robinson Worldwide | 5393 | 694079 |
| &nbsp;&nbsp;&nbsp;Fastenal | 11957 | 593785 |
| &nbsp;&nbsp;&nbsp;General Dynamics | 1774 | 575787 |
| &nbsp;&nbsp;&nbsp;Illinois Tool Works | 2090 | 553118 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin | 1035 | 471577 |
| &nbsp;&nbsp;&nbsp;Paychex | 3292 | 459086 |
| &nbsp;&nbsp;&nbsp;Snap-On | 1626 | 528840 |
| &nbsp;&nbsp;&nbsp;Stanley Black & Decker | 7710 | 572776 |
| &nbsp;&nbsp;&nbsp;Union Pacific | 2261 | 505492 |
| &nbsp;&nbsp;&nbsp;United Parcel Service, Cl B | 5043 | 440960 |
|  |  | 5395500 |
| Information Technology — 7.3% |  |  |
| &nbsp;&nbsp;&nbsp;Corning | 10154 | 680623 |
| &nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise | 28519 | 643674 |
| &nbsp;&nbsp;&nbsp;QUALCOMM | 3256 | 523337 |
| &nbsp;&nbsp;&nbsp;Skyworks Solutions | 7062 | 529226 |
|  |  | 2376860 |
| Materials — 9.3% |  |  |
| &nbsp;&nbsp;&nbsp;CF Industries Holdings | 5047 | 437222 |
| &nbsp;&nbsp;&nbsp;International Paper | 10984 | 545685 |
| &nbsp;&nbsp;&nbsp;LyondellBasell Industries, Cl A | 8388 | 472664 |
| &nbsp;&nbsp;&nbsp;Mosaic | 14099 | 470907 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X S&P 500<sup>®</sup> Quality Dividend ETF** | **Global X S&P 500<sup>®</sup> Quality Dividend ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Materials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Packaging Corp of America | 2674 | $582825 |
| &nbsp;&nbsp;&nbsp;PPG Industries | 4737 | 526896 |
|  |  | 3036199 |
| Real Estate — 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;Public Storage <sup>‡</sup> | 1710 | 503749 |
| TOTAL COMMON STOCK <br> (Cost $32,713,622) |  | 32382991 |
| TOTAL INVESTMENTS — 99.6% <br> (Cost $32,713,622) |  | $32382991 |

---

*Percentages are based on Net Assets of $32,499,448.*

*‡* *Real Estate Investment Trust* 

*As of August 31, 2025, all of the Fund's investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Factor ETF** | **Global X Adaptive U.S. Factor ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.7%** |  |  |
| **UNITED STATES — 99.7%** |  |  |
| Communication Services — 13.9% |  |  |
| &nbsp;&nbsp;&nbsp;AT&T | 490200 | $14357958 |
| &nbsp;&nbsp;&nbsp;Comcast, Cl A | 94811 | 3220730 |
| &nbsp;&nbsp;&nbsp;Electronic Arts | 62836 | 10804650 |
| &nbsp;&nbsp;&nbsp;Fox, Cl A | 60103 | 3588149 |
| &nbsp;&nbsp;&nbsp;Fox, Cl B | 65393 | 3567188 |
| &nbsp;&nbsp;&nbsp;Frontier Communications Parent \* | 276047 | 10235823 |
| &nbsp;&nbsp;&nbsp;Interpublic Group | 127888 | 3432514 |
| &nbsp;&nbsp;&nbsp;Liberty Broadband, Cl A \* | 37525 | 2276642 |
| &nbsp;&nbsp;&nbsp;Liberty Broadband, Cl C \* | 37277 | 2268678 |
| &nbsp;&nbsp;&nbsp;New York Times, Cl A | 10154 | 607615 |
| &nbsp;&nbsp;&nbsp;News, Cl A | 17078 | 502264 |
| &nbsp;&nbsp;&nbsp;News, Cl B | 14876 | 503850 |
| &nbsp;&nbsp;&nbsp;Nexstar Media Group, Cl A | 17706 | 3621408 |
| &nbsp;&nbsp;&nbsp;Paramount Skydance Corp \* | 673879 | 9906021 |
| &nbsp;&nbsp;&nbsp;Sirius XM Holdings | 139300 | 3293052 |
| &nbsp;&nbsp;&nbsp;T-Mobile US | 40562 | 10221219 |
| &nbsp;&nbsp;&nbsp;Verizon Communications | 312047 | 13801839 |
|  |  | 96209600 |
| Consumer Discretionary — 6.4% |  |  |
| &nbsp;&nbsp;&nbsp;ADT | 402656 | 3507134 |
| &nbsp;&nbsp;&nbsp;Ford Motor | 298253 | 3510438 |
| &nbsp;&nbsp;&nbsp;Gap | 164516 | 3620997 |
| &nbsp;&nbsp;&nbsp;Garmin | 2270 | 548931 |
| &nbsp;&nbsp;&nbsp;General Motors | 64473 | 3777473 |
| &nbsp;&nbsp;&nbsp;Lear | 31194 | 3431340 |
| &nbsp;&nbsp;&nbsp;Lennar, Cl B | 30126 | 3831425 |
| &nbsp;&nbsp;&nbsp;Lithia Motors, Cl A | 10624 | 3576888 |
| &nbsp;&nbsp;&nbsp;McDonald's | 17779 | 5574428 |
| &nbsp;&nbsp;&nbsp;Meritage Homes | 45382 | 3525728 |
| &nbsp;&nbsp;&nbsp;Mohawk Industries \* | 29091 | 3860085 |
| &nbsp;&nbsp;&nbsp;O'Reilly Automotive \* | 5304 | 549919 |
| &nbsp;&nbsp;&nbsp;Penske Automotive Group | 19588 | 3612223 |
| &nbsp;&nbsp;&nbsp;TJX | 4882 | 666930 |
| &nbsp;&nbsp;&nbsp;Yum! Brands | 3386 | 497640 |
|  |  | 44091579 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Factor ETF** | **Global X Adaptive U.S. Factor ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Consumer Staples — 10.6% |  |  |
| &nbsp;&nbsp;&nbsp;Albertsons, Cl A | 320170 | $6230508 |
| &nbsp;&nbsp;&nbsp;Altria Group | 68170 | 4581706 |
| &nbsp;&nbsp;&nbsp;Archer-Daniels-Midland | 60834 | 3810642 |
| &nbsp;&nbsp;&nbsp;Bunge Global | 43903 | 3697511 |
| &nbsp;&nbsp;&nbsp;Cal-Maine Foods | 28476 | 3292965 |
| &nbsp;&nbsp;&nbsp;Church & Dwight | 5236 | 487786 |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 107860 | 7441261 |
| &nbsp;&nbsp;&nbsp;Conagra Brands | 172912 | 3307806 |
| &nbsp;&nbsp;&nbsp;Costco Wholesale | 957 | 902757 |
| &nbsp;&nbsp;&nbsp;Ingredion | 3750 | 485775 |
| &nbsp;&nbsp;&nbsp;Kellanova | 127350 | 10124325 |
| &nbsp;&nbsp;&nbsp;Kraft Heinz | 117790 | 3294586 |
| &nbsp;&nbsp;&nbsp;Kroger | 14980 | 1016243 |
| &nbsp;&nbsp;&nbsp;Molson Coors Beverage, Cl B | 65179 | 3290888 |
| &nbsp;&nbsp;&nbsp;Post Holdings \* | 4578 | 518001 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 3165 | 497032 |
| &nbsp;&nbsp;&nbsp;Smithfield Foods | 141870 | 3607754 |
| &nbsp;&nbsp;&nbsp;Target | 31590 | 3032008 |
| &nbsp;&nbsp;&nbsp;Tyson Foods, Cl A | 62417 | 3544037 |
| &nbsp;&nbsp;&nbsp;Walmart | 106589 | 10337001 |
|  |  | 73500592 |
| Energy — 4.7% |  |  |
| &nbsp;&nbsp;&nbsp;Antero Midstream | 201688 | 3588030 |
| &nbsp;&nbsp;&nbsp;APA | 178192 | 4137618 |
| &nbsp;&nbsp;&nbsp;Chord Energy | 31054 | 3412524 |
| &nbsp;&nbsp;&nbsp;Diamondback Energy | 23629 | 3515050 |
| &nbsp;&nbsp;&nbsp;Exxon Mobil | 4563 | 521505 |
| &nbsp;&nbsp;&nbsp;Halliburton | 154493 | 3511626 |
| &nbsp;&nbsp;&nbsp;Kinder Morgan | 146812 | 3960988 |
| &nbsp;&nbsp;&nbsp;NOV | 247528 | 3289647 |
| &nbsp;&nbsp;&nbsp;ONEOK | 41561 | 3174429 |
| &nbsp;&nbsp;&nbsp;Permian Resources, Cl A | 252990 | 3615227 |
|  |  | 32726644 |
| Financials — 23.9% |  |  |
| &nbsp;&nbsp;&nbsp;AGNC Investment <sup>‡</sup> | 353969 | 3454737 |
| &nbsp;&nbsp;&nbsp;Annaly Capital Management <sup>‡</sup> | 165997 | 3517476 |
| &nbsp;&nbsp;&nbsp;Aon PLC, Cl A | 1407 | 516369 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Factor ETF** | **Global X Adaptive U.S. Factor ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Financials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Arthur J Gallagher | 1611 | $487730 |
| &nbsp;&nbsp;&nbsp;Bank OZK | 64505 | 3384577 |
| &nbsp;&nbsp;&nbsp;Berkshire Hathaway, Cl B \* | 19934 | 10026403 |
| &nbsp;&nbsp;&nbsp;Cadence Bank | 95226 | 3584307 |
| &nbsp;&nbsp;&nbsp;Cboe Global Markets | 32911 | 7765350 |
| &nbsp;&nbsp;&nbsp;Chubb | 1951 | 536662 |
| &nbsp;&nbsp;&nbsp;Citigroup | 35709 | 3448418 |
| &nbsp;&nbsp;&nbsp;Citizens Financial Group | 68645 | 3588761 |
| &nbsp;&nbsp;&nbsp;CME Group, Cl A | 36903 | 9835019 |
| &nbsp;&nbsp;&nbsp;Columbia Banking System | 140340 | 3756902 |
| &nbsp;&nbsp;&nbsp;Comerica | 51460 | 3632047 |
| &nbsp;&nbsp;&nbsp;Enact Holdings | 95676 | 3602201 |
| &nbsp;&nbsp;&nbsp;Essent Group | 59558 | 3736669 |
| &nbsp;&nbsp;&nbsp;FactSet Research Systems | 1209 | 451344 |
| &nbsp;&nbsp;&nbsp;First Horizon | 151789 | 3430431 |
| &nbsp;&nbsp;&nbsp;FNB | 210543 | 3513963 |
| &nbsp;&nbsp;&nbsp;Franklin Resources | 138375 | 3550702 |
| &nbsp;&nbsp;&nbsp;Global Payments | 40450 | 3592769 |
| &nbsp;&nbsp;&nbsp;Huntington Bancshares | 203358 | 3621806 |
| &nbsp;&nbsp;&nbsp;Intercontinental Exchange | 56366 | 9954236 |
| &nbsp;&nbsp;&nbsp;Invesco | 159813 | 3498307 |
| &nbsp;&nbsp;&nbsp;Jack Henry & Associates | 2781 | 454026 |
| &nbsp;&nbsp;&nbsp;Lincoln National | 97059 | 4166743 |
| &nbsp;&nbsp;&nbsp;M&T Bank | 17343 | 3497389 |
| &nbsp;&nbsp;&nbsp;Marsh & McLennan | 46362 | 9541763 |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A | 903 | 537547 |
| &nbsp;&nbsp;&nbsp;MGIC Investment | 131885 | 3670360 |
| &nbsp;&nbsp;&nbsp;Old Republic International | 13405 | 535798 |
| &nbsp;&nbsp;&nbsp;OneMain Holdings, Cl A | 57515 | 3557878 |
| &nbsp;&nbsp;&nbsp;Prosperity Bancshares | 49309 | 3408731 |
| &nbsp;&nbsp;&nbsp;Prudential Financial | 32230 | 3534342 |
| &nbsp;&nbsp;&nbsp;Regions Financial | 129773 | 3554482 |
| &nbsp;&nbsp;&nbsp;Rithm Capital <sup>‡</sup> | 279293 | 3457647 |
| &nbsp;&nbsp;&nbsp;Starwood Property Trust <sup>‡</sup> | 169980 | 3445495 |
| &nbsp;&nbsp;&nbsp;State Street | 31037 | 3568324 |
| &nbsp;&nbsp;&nbsp;Truist Financial | 74084 | 3468613 |
| &nbsp;&nbsp;&nbsp;United Bankshares | 92094 | 3530884 |
| &nbsp;&nbsp;&nbsp;Unum Group | 42467 | 2966745 |
| &nbsp;&nbsp;&nbsp;US Bancorp | 73323 | 3580362 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Factor ETF** | **Global X Adaptive U.S. Factor ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Financials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Visa, Cl A | 1413 | $497065 |
| &nbsp;&nbsp;&nbsp;W R Berkley | 7166 | 513731 |
| &nbsp;&nbsp;&nbsp;Webster Financial | 55502 | 3453334 |
| &nbsp;&nbsp;&nbsp;Willis Towers Watson PLC | 1724 | 563386 |
| &nbsp;&nbsp;&nbsp;Zions Bancorp | 60512 | 3510301 |
|  |  | 165502132 |
| Health Care — 11.2% |  |  |
| &nbsp;&nbsp;&nbsp;Amgen | 1621 | 466378 |
| &nbsp;&nbsp;&nbsp;Becton Dickinson | 2620 | 505608 |
| &nbsp;&nbsp;&nbsp;Biogen \* | 25909 | 3425688 |
| &nbsp;&nbsp;&nbsp;Boston Scientific \* | 63093 | 6656311 |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 69283 | 3268772 |
| &nbsp;&nbsp;&nbsp;Cardinal Health | 5052 | 751637 |
| &nbsp;&nbsp;&nbsp;Cencora | 34750 | 10133447 |
| &nbsp;&nbsp;&nbsp;Centene \* | 115339 | 3349445 |
| &nbsp;&nbsp;&nbsp;Chemed | 1147 | 525269 |
| &nbsp;&nbsp;&nbsp;Cigna Group | 1644 | 494630 |
| &nbsp;&nbsp;&nbsp;CVS Health | 54214 | 3965754 |
| &nbsp;&nbsp;&nbsp;Elanco Animal Health \* | 228140 | 4186369 |
| &nbsp;&nbsp;&nbsp;Elevance Health | 11451 | 3648861 |
| &nbsp;&nbsp;&nbsp;Hologic \* | 9123 | 612336 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 60315 | 10686009 |
| &nbsp;&nbsp;&nbsp;McKesson | 1091 | 749124 |
| &nbsp;&nbsp;&nbsp;Medtronic PLC | 36898 | 3424503 |
| &nbsp;&nbsp;&nbsp;Merck | 46494 | 3911075 |
| &nbsp;&nbsp;&nbsp;Quest Diagnostics | 3481 | 632289 |
| &nbsp;&nbsp;&nbsp;Royalty Pharma, Cl A | 245524 | 8833953 |
| &nbsp;&nbsp;&nbsp;Universal Health Services, Cl B | 20601 | 3740730 |
| &nbsp;&nbsp;&nbsp;Viatris | 362219 | 3821410 |
|  |  | 77789598 |
| Industrials — 12.2% |  |  |
| &nbsp;&nbsp;&nbsp;Air Lease, Cl A | 58158 | 3501693 |
| &nbsp;&nbsp;&nbsp;AMETEK | 2891 | 534257 |
| &nbsp;&nbsp;&nbsp;Automatic Data Processing | 33519 | 10191452 |
| &nbsp;&nbsp;&nbsp;Broadridge Financial Solutions | 14979 | 3828932 |
| &nbsp;&nbsp;&nbsp;Delta Air Lines | 61190 | 3780318 |
| &nbsp;&nbsp;&nbsp;General Dynamics | 20154 | 6541384 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Factor ETF** | **Global X Adaptive U.S. Factor ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Industrials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Honeywell International | 2744 | $602308 |
| &nbsp;&nbsp;&nbsp;Huntington Ingalls Industries | 12794 | 3464487 |
| &nbsp;&nbsp;&nbsp;L3Harris Technologies | 23339 | 6479373 |
| &nbsp;&nbsp;&nbsp;Leidos Holdings | 3581 | 647875 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin | 21561 | 9823838 |
| &nbsp;&nbsp;&nbsp;Northrop Grumman | 1305 | 770002 |
| &nbsp;&nbsp;&nbsp;Republic Services, Cl A | 41929 | 9810128 |
| &nbsp;&nbsp;&nbsp;RTX | 65193 | 10339610 |
| &nbsp;&nbsp;&nbsp;Snap-On | 2933 | 953929 |
| &nbsp;&nbsp;&nbsp;United Parcel Service, Cl B | 32773 | 2865671 |
| &nbsp;&nbsp;&nbsp;Verisk Analytics, Cl A | 2072 | 555545 |
| &nbsp;&nbsp;&nbsp;Waste Management | 44718 | 10123708 |
|  |  | 84814510 |
| Information Technology — 7.8% |  |  |
| &nbsp;&nbsp;&nbsp;Amdocs | 109559 | 9374964 |
| &nbsp;&nbsp;&nbsp;Box, Cl A \* | 15189 | 495617 |
| &nbsp;&nbsp;&nbsp;CCC Intelligent Solutions Holdings \* | 50266 | 497633 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 148641 | 10269607 |
| &nbsp;&nbsp;&nbsp;GoDaddy, Cl A \* | 3000 | 444930 |
| &nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise | 164890 | 3721567 |
| &nbsp;&nbsp;&nbsp;HP | 131159 | 3743278 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 2323 | 565627 |
| &nbsp;&nbsp;&nbsp;Microsoft | 1001 | 507197 |
| &nbsp;&nbsp;&nbsp;Motorola Solutions | 16192 | 7650072 |
| &nbsp;&nbsp;&nbsp;Roper Technologies | 1031 | 542626 |
| &nbsp;&nbsp;&nbsp;Skyworks Solutions | 46432 | 3479614 |
| &nbsp;&nbsp;&nbsp;TD SYNNEX | 23582 | 3491787 |
| &nbsp;&nbsp;&nbsp;VeriSign | 35260 | 9639026 |
|  |  | 54423545 |
| Materials — 4.4% |  |  |
| &nbsp;&nbsp;&nbsp;Alcoa | 106716 | 3435188 |
| &nbsp;&nbsp;&nbsp;AptarGroup | 3871 | 539114 |
| &nbsp;&nbsp;&nbsp;Dow | 111678 | 2750629 |
| &nbsp;&nbsp;&nbsp;Eastman Chemical | 42532 | 2991701 |
| &nbsp;&nbsp;&nbsp;Ecolab | 2252 | 623894 |
| &nbsp;&nbsp;&nbsp;FMC | 77299 | 3022391 |
| &nbsp;&nbsp;&nbsp;Linde PLC | 21691 | 10374589 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Factor ETF** | **Global X Adaptive U.S. Factor ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Materials — continued |  |  |
| &nbsp;&nbsp;&nbsp;LyondellBasell Industries, Cl A | 50466 | $2843759 |
| &nbsp;&nbsp;&nbsp;Mosaic | 92110 | 3076474 |
| &nbsp;&nbsp;&nbsp;Packaging Corp of America | 2445 | 532912 |
|  |  | 30190651 |
| Real Estate — 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Agree Realty <sup>‡</sup> | 6913 | 502852 |
| &nbsp;&nbsp;&nbsp;Kilroy Realty <sup>‡</sup> | 89729 | 3731829 |
| &nbsp;&nbsp;&nbsp;VICI Properties, Cl A <sup>‡</sup> | 101453 | 3427082 |
| &nbsp;&nbsp;&nbsp;Welltower <sup>‡</sup> | 4106 | 690958 |
|  |  | 8352721 |
| Utilities — 3.4% |  |  |
| &nbsp;&nbsp;&nbsp;American Electric Power | 4696 | 521350 |
| &nbsp;&nbsp;&nbsp;Atmos Energy | 3192 | 530287 |
| &nbsp;&nbsp;&nbsp;CenterPoint Energy | 13894 | 523943 |
| &nbsp;&nbsp;&nbsp;CMS Energy | 6898 | 493690 |
| &nbsp;&nbsp;&nbsp;Consolidated Edison | 5090 | 499991 |
| &nbsp;&nbsp;&nbsp;Duke Energy | 4339 | 531484 |
| &nbsp;&nbsp;&nbsp;Edison International | 64903 | 3643005 |
| &nbsp;&nbsp;&nbsp;Evergy | 135429 | 9650671 |
| &nbsp;&nbsp;&nbsp;Exelon | 11129 | 486115 |
| &nbsp;&nbsp;&nbsp;FirstEnergy | 12194 | 531902 |
| &nbsp;&nbsp;&nbsp;IDACORP, Cl Rights | 4098 | 512660 |
| &nbsp;&nbsp;&nbsp;NiSource | 12045 | 509142 |
| &nbsp;&nbsp;&nbsp;Pinnacle West Capital | 5515 | 492820 |
| &nbsp;&nbsp;&nbsp;PPL | 13747 | 501353 |
| &nbsp;&nbsp;&nbsp;Southern | 5508 | 508388 |
| &nbsp;&nbsp;&nbsp;UGI | 93705 | 3245941 |
| &nbsp;&nbsp;&nbsp;WEC Energy Group | 4910 | 522964 |
|  |  | 23705706 |
| TOTAL UNITED STATES |  | 691307278 |
| TOTAL COMMON STOCK <br> (Cost $643,358,391) |  | 691307278 |
| TOTAL INVESTMENTS — 99.7% <br> (Cost $643,358,391) |  | $691307278 |

---

*Percentages are based on Net Assets of $693,095,393.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Factor ETF** | **Global X Adaptive U.S. Factor ETF** |

---

*\** *Non-income producing security.* <br> *‡* *Real Estate Investment Trust*

*As of August 31, 2025, all of the Fund's investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Variable Rate Preferred ETF** | **Global X Variable Rate Preferred ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **PREFERRED STOCK — 99.4%** |  |  |
| **CANADA—1.8%** |  |  |
| Utilities — 1.8% |  |  |
| &nbsp;&nbsp;&nbsp;Algonquin Power & Utilities, 8.864%, US0003M + 4.010% <sup>(A)</sup> | 217892 | $5558425 |
| TOTAL CANADA |  | 5558425 |
| **UNITED STATES— 97.6%** |  |  |
| Consumer Staples — 4.5% |  |  |
| &nbsp;&nbsp;&nbsp;CHS, Ser 2, 7.100%, US0003M + 4.298% <sup>(A)</sup> | 256931 | 6515770 |
| &nbsp;&nbsp;&nbsp;CHS, Ser 3, 6.750%, US0003M + 4.155% <sup>(A)</sup> | 303286 | 7454770 |
|  |  | 13970540 |
| Energy — 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;NGL Energy Partners, 11.606%, TSFR3M + 7.475% <sup>(A)</sup> | 197867 | 4527197 |
| Financials — 89.4% |  |  |
| &nbsp;&nbsp;&nbsp;Adams Trust, 11.283%, US0003M + 6.429% <sup>‡ (A)</sup> | 116876 | 2896187 |
| &nbsp;&nbsp;&nbsp;AGNC Investment, 9.572%, TSFR3M + 5.255% <sup>‡ (A)</sup> | 141804 | 3604658 |
| &nbsp;&nbsp;&nbsp;AGNC Investment, 9.504%, TSFR3M + 5.373% <sup>‡ (A)</sup> | 114547 | 2923239 |
| &nbsp;&nbsp;&nbsp;AGNC Investment, 9.276%, TSFR3M + 4.697% <sup>‡ (A)</sup> | 202736 | 5100838 |
| &nbsp;&nbsp;&nbsp;AGNC Investment, 8.911%, TSFR3M + 4.594% <sup>‡ (A)</sup> | 83067 | 2084151 |
| &nbsp;&nbsp;&nbsp;Allstate, 7.558%, TSFR3M + 3.427% <sup>(A)</sup> | 319522 | 8259644 |
| &nbsp;&nbsp;&nbsp;Annaly Capital Management, 9.386%, TSFR3M + 5.255% <sup>‡ (A)</sup> | 244592 | 6303136 |
| &nbsp;&nbsp;&nbsp;Annaly Capital Management, 9.382%, TSFR3M + 5.251% <sup>‡ (A)</sup> | 151816 | 3898635 |
| &nbsp;&nbsp;&nbsp;Annaly Capital Management, 8.565%, TSFR3M + 4.434% <sup>‡ (A)</sup> | 145490 | 3693991 |
| &nbsp;&nbsp;&nbsp;Apollo Global Management, 7.625%, H15T5Y + 3.226% <sup>(A)</sup> | 388185 | 10267493 |
| &nbsp;&nbsp;&nbsp;Associated Banc-Corp, 6.625%, H15T5Y + 2.812% <sup>(A)</sup> | 192127 | 4718639 |
| &nbsp;&nbsp;&nbsp;Athene Holding, 7.750%, H15T5Y + 3.962% <sup>(A)</sup> | 141512 | 3663746 |
| &nbsp;&nbsp;&nbsp;Athene Holding, 7.250%, H15T5Y + 2.986% <sup>(A)</sup> | 162494 | 4119223 |
| &nbsp;&nbsp;&nbsp;Athene Holding, 6.350%, US0003M + 4.253% <sup>(A)</sup> | 248659 | 6184149 |
| &nbsp;&nbsp;&nbsp;Banc of California, 7.750%, H15T5Y + 4.820% <sup>(A)</sup> | 329476 | 8128173 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Variable Rate Preferred ETF** | **Global X Variable Rate Preferred ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **PREFERRED STOCK — continued** |  |  |
| Financials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Bank of America, 6.450% | 278567 | $7167529 |
| &nbsp;&nbsp;&nbsp;Bank of America, 5.217%, TSFR3M + 1.012% <sup>(A)</sup> | 55920 | 1192214 |
| &nbsp;&nbsp;&nbsp;Bank of America, 5.117%, TSFR3M + 0.912% <sup>(A)</sup> | 79033 | 1620176 |
| &nbsp;&nbsp;&nbsp;Bank of America, 4.977%, TSFR3M + 0.762% <sup>(A)</sup> | 106779 | 2204986 |
| &nbsp;&nbsp;&nbsp;Bank of America, 4.823%, TSFR3M + 0.612% <sup>(A)</sup> | 85496 | 1828759 |
| &nbsp;&nbsp;&nbsp;Bank of New York Mellon, 6.150%, H15T5Y + 2.161% <sup>(A)</sup> | 313151 | 8104348 |
| &nbsp;&nbsp;&nbsp;Chimera Investment, 10.348%, TSFR3M + 6.053% <sup>‡ (A)</sup> | 208867 | 5169458 |
| &nbsp;&nbsp;&nbsp;Chimera Investment, 9.895%, TSFR3M + 5.600% <sup>‡ (A)</sup> | 126816 | 3133623 |
| &nbsp;&nbsp;&nbsp;Compass Diversified Holdings, 7.875%, US0003M + 4.985% <sup>(A)</sup> | 118716 | 2387379 |
| &nbsp;&nbsp;&nbsp;Fifth Third Bancorp, 8.267%, TSFR3M + 3.972% <sup>(A)</sup> | 286996 | 7332748 |
| &nbsp;&nbsp;&nbsp;Flagstar Financial, 6.375%, US0003M + 3.821% <sup>(A)</sup> | 323232 | 6988276 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Group, 5.238%, TSFR3M + 1.012% <sup>(A)</sup> | 56877 | 1220012 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Group, 5.238%, TSFR3M + 1.012% <sup>(A)</sup> | 212725 | 4654423 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Group, 5.158%, TSFR3M + 0.932% <sup>(A)</sup> | 389167 | 8281474 |
| &nbsp;&nbsp;&nbsp;Huntington Bancshares, 6.875%, H15T5Y + 2.704% <sup>(A)</sup> | 209558 | 5306009 |
| &nbsp;&nbsp;&nbsp;Jackson Financial, 8.000%, H15T5Y + 3.728% <sup>(A)</sup> | 347246 | 9063121 |
| &nbsp;&nbsp;&nbsp;Kemper, 5.875%, H15T5Y + 4.140% <sup>(A)</sup> | 93541 | 2214115 |
| &nbsp;&nbsp;&nbsp;KeyCorp, 6.200%, H15T5Y + 3.132% <sup>(A)</sup> | 306796 | 7608541 |
| &nbsp;&nbsp;&nbsp;KeyCorp, 6.125%, TSFR3M + 4.154% <sup>(A)</sup> | 255594 | 6379626 |
| &nbsp;&nbsp;&nbsp;M&T Bank, 5.625%, TSOFRR3M + 4.020% <sup>(A)</sup> | 156376 | 3870306 |
| &nbsp;&nbsp;&nbsp;MetLife, 5.580%, TSFR3M + 1.262% <sup>(A)</sup> | 387570 | 9239669 |
| &nbsp;&nbsp;&nbsp;MFA Financial, 9.902%, TSFR3M + 5.607% <sup>‡ (A)</sup> | 175859 | 4292718 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley, 5.279%, TSFR3M + 0.962% <sup>(A)</sup> | 643152 | 14020714 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Variable Rate Preferred ETF** | **Global X Variable Rate Preferred ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **PREFERRED STOCK — continued** |  |  |
| Financials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Regions Financial, 6.950%, H15T5Y + 2.771% <sup>(A)</sup> | 277101 | $7118725 |
| &nbsp;&nbsp;&nbsp;Regions Financial, 5.700%, TSFR3M + 3.410% <sup>(A)</sup> | 278327 | 6657582 |
| &nbsp;&nbsp;&nbsp;Reinsurance Group of America, 7.125%, H15T5Y + 3.456% <sup>(A)</sup> | 442038 | 11298491 |
| &nbsp;&nbsp;&nbsp;Rithm Capital, 10.195%, TSFR3M + 6.064% <sup>‡ (A)</sup> | 47641 | 1210081 |
| &nbsp;&nbsp;&nbsp;Rithm Capital, 10.033%, TSFR3M + 5.902% <sup>‡ (A)</sup> | 125685 | 3171033 |
| &nbsp;&nbsp;&nbsp;Rithm Capital, 9.362%, TSFR3M + 5.231% <sup>‡ (A)</sup> | 175277 | 4341611 |
| &nbsp;&nbsp;&nbsp;Rithm Capital, 7.000%, H15T5Y + 6.223% <sup>‡ (A)</sup> | 208209 | 5082382 |
| &nbsp;&nbsp;&nbsp;Synchrony Financial, 8.250%, H15T5Y + 4.044% <sup>(A)</sup> | 324997 | 8401172 |
| &nbsp;&nbsp;&nbsp;Synovus Financial, 8.397%, H15T5Y + 4.127% <sup>(A)</sup> | 224174 | 5927161 |
| &nbsp;&nbsp;&nbsp;Two Harbors Investment, 9.404%, TSFR3M + 5.273% <sup>‡ (A)</sup> | 153806 | 3679039 |
| &nbsp;&nbsp;&nbsp;US Bancorp, 5.599%, TSFR3M + 1.282% <sup>(A)</sup> | 6210 | 5144737 |
| &nbsp;&nbsp;&nbsp;US Bancorp, 5.179%, TSFR3M + 0.862% <sup>(A)</sup> | 428746 | 8686394 |
| &nbsp;&nbsp;&nbsp;Voya Financial, 5.350%, H15T5Y + 3.210% <sup>(A)</sup> | 197768 | 4671280 |
| &nbsp;&nbsp;&nbsp;Western Alliance Bancorp, 4.250%, H15T5Y + 3.452% <sup>(A)</sup> | 191519 | 4360888 |
|  |  | 278876702 |
| Utilities — 2.2% |  |  |
| &nbsp;&nbsp;&nbsp;Tennessee Valley Authority, 2.216%, H15T30Y + 0.840% <sup>(A)</sup> | 130952 | 3074753 |
| &nbsp;&nbsp;&nbsp;Tennessee Valley Authority, 2.134%, H15T30Y + 0.940% <sup>(A)</sup> | 163333 | 3866092 |
|  |  | 6940845 |
| TOTAL UNITED STATES |  | 304315284 |
| TOTAL PREFERRED STOCK <br> (Cost $307,386,131) |  | 309873709 |
| TOTAL INVESTMENTS — 99.4% <br> (Cost $307,386,131) |  | $309873709 |

---

*Percentages are based on Net Assets of $311,900,336.*

*‡* *Real Estate Investment Trust*![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Variable Rate Preferred ETF** | **Global X Variable Rate Preferred ETF** |

---

*(A)* *Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; or by adjusting periodically based on prevailing interest rates.* 

 

*As of August 31, 2025, all of the Fund's investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

 

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

 

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.8%** |  |  |
| **BRAZIL — 0.2%** |  |  |
| Consumer Discretionary — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;MercadoLibre \* | 112 | $276966 |
| **FINLAND — 0.0%** |  |  |
| Consumer Discretionary — 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;Amer Sports \* | 334 | 13133 |
| **IRELAND — 0.3%** |  |  |
| Information Technology — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Accenture PLC, Cl A | 1627 | 422971 |
| **JERSEY — 0.0%** |  |  |
| Consumer Discretionary — 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;APTIV PLC \* | 554 | 44060 |
| **MEXICO — 0.0%** |  |  |
| Materials — 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;Southern Copper | 211 | 20285 |
| **SOUTH KOREA — 0.1%** |  |  |
| Consumer Discretionary — 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;Coupang, Cl A \* | 2637 | 75365 |
| **SWITZERLAND — 0.1%** |  |  |
| Information Technology — 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;TE Connectivity PLC | 710 | 146615 |
| **UNITED KINGDOM — 0.2%** |  |  |
| Consumer Discretionary — 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;Flutter Entertainment PLC \* | 421 | 129319 |
| Materials — 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;Anglogold Ashanti | 1194 | 67652 |
| TOTAL UNITED KINGDOM |  | 196971 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| **UNITED STATES — 98.9%** |  |  |
| Communication Services — 10.3% |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 13911 | $2961791 |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl C | 12221 | 2609550 |
| &nbsp;&nbsp;&nbsp;AT&T | 16865 | 493976 |
| &nbsp;&nbsp;&nbsp;Charter Communications, Cl A \* | 224 | 59490 |
| &nbsp;&nbsp;&nbsp;Comcast, Cl A | 8976 | 304915 |
| &nbsp;&nbsp;&nbsp;Electronic Arts | 563 | 96808 |
| &nbsp;&nbsp;&nbsp;Fox, Cl A | 517 | 30865 |
| &nbsp;&nbsp;&nbsp;Fox, Cl B | 301 | 16420 |
| &nbsp;&nbsp;&nbsp;Live Nation Entertainment \* | 348 | 57938 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 5176 | 3823511 |
| &nbsp;&nbsp;&nbsp;Netflix \* | 997 | 1204625 |
| &nbsp;&nbsp;&nbsp;Omnicom Group | 458 | 35875 |
| &nbsp;&nbsp;&nbsp;Pinterest, Cl A \* | 1404 | 51429 |
| &nbsp;&nbsp;&nbsp;Reddit, Cl A \* | 238 | 53569 |
| &nbsp;&nbsp;&nbsp;ROBLOX, Cl A \* | 1304 | 162465 |
| &nbsp;&nbsp;&nbsp;Snap, Cl A \* | 2483 | 17729 |
| &nbsp;&nbsp;&nbsp;Spotify Technology \* | 343 | 233885 |
| &nbsp;&nbsp;&nbsp;Take-Two Interactive Software \* | 391 | 91209 |
| &nbsp;&nbsp;&nbsp;TKO Group Holdings, Cl A | 168 | 31846 |
| &nbsp;&nbsp;&nbsp;T-Mobile US | 1158 | 291804 |
| &nbsp;&nbsp;&nbsp;Trade Desk, Cl A \* | 1063 | 58104 |
| &nbsp;&nbsp;&nbsp;Verizon Communications | 9921 | 438806 |
| &nbsp;&nbsp;&nbsp;Walt Disney | 4275 | 506074 |
| &nbsp;&nbsp;&nbsp;Warner Bros Discovery \* | 5350 | 62274 |
| &nbsp;&nbsp;&nbsp;Warner Music Group, Cl A | 304 | 10138 |
|  |  | 13705096 |
| Consumer Discretionary — 10.3% |  |  |
| &nbsp;&nbsp;&nbsp;Airbnb, Cl A \* | 1032 | 134707 |
| &nbsp;&nbsp;&nbsp;Amazon.com \* | 22608 | 5177232 |
| &nbsp;&nbsp;&nbsp;AutoZone \* | 40 | 167941 |
| &nbsp;&nbsp;&nbsp;Best Buy | 451 | 33212 |
| &nbsp;&nbsp;&nbsp;Booking Holdings | 76 | 425528 |
| &nbsp;&nbsp;&nbsp;Carnival \* | 2454 | 78258 |
| &nbsp;&nbsp;&nbsp;Carvana, Cl A \* | 277 | 103022 |
| &nbsp;&nbsp;&nbsp;Chipotle Mexican Grill, Cl A \* | 3289 | 138598 |
| &nbsp;&nbsp;&nbsp;Darden Restaurants | 279 | 57736 |
| &nbsp;&nbsp;&nbsp;Deckers Outdoor \* | 359 | 42947 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Consumer Discretionary — continued |  |  |
| &nbsp;&nbsp;&nbsp;DoorDash, Cl A \* | 799 | $195955 |
| &nbsp;&nbsp;&nbsp;DR Horton | 666 | 112874 |
| &nbsp;&nbsp;&nbsp;DraftKings, Cl A \* | 1114 | 53450 |
| &nbsp;&nbsp;&nbsp;eBay | 1111 | 100668 |
| &nbsp;&nbsp;&nbsp;Expedia Group | 291 | 62507 |
| &nbsp;&nbsp;&nbsp;Ford Motor | 9282 | 109249 |
| &nbsp;&nbsp;&nbsp;Garmin | 365 | 88264 |
| &nbsp;&nbsp;&nbsp;General Motors | 2372 | 138975 |
| &nbsp;&nbsp;&nbsp;Genuine Parts | 323 | 45004 |
| &nbsp;&nbsp;&nbsp;Hilton Worldwide Holdings | 563 | 155422 |
| &nbsp;&nbsp;&nbsp;Home Depot | 2381 | 968519 |
| &nbsp;&nbsp;&nbsp;Las Vegas Sands | 813 | 46853 |
| &nbsp;&nbsp;&nbsp;Lennar, Cl A | 560 | 74558 |
| &nbsp;&nbsp;&nbsp;Lennar, Cl B | 13 | 1653 |
| &nbsp;&nbsp;&nbsp;Lowe's | 1341 | 346058 |
| &nbsp;&nbsp;&nbsp;Lululemon Athletica \* | 252 | 50954 |
| &nbsp;&nbsp;&nbsp;Marriott International, Cl A | 578 | 154823 |
| &nbsp;&nbsp;&nbsp;McDonald's | 1772 | 555593 |
| &nbsp;&nbsp;&nbsp;NIKE, Cl B | 2837 | 219499 |
| &nbsp;&nbsp;&nbsp;NVR \* | 7 | 56824 |
| &nbsp;&nbsp;&nbsp;O'Reilly Automotive \* | 2075 | 215136 |
| &nbsp;&nbsp;&nbsp;PulteGroup | 483 | 63766 |
| &nbsp;&nbsp;&nbsp;Ross Stores | 808 | 118905 |
| &nbsp;&nbsp;&nbsp;Royal Caribbean Cruises | 593 | 215389 |
| &nbsp;&nbsp;&nbsp;Starbucks | 2666 | 235115 |
| &nbsp;&nbsp;&nbsp;Tesla \* | 6691 | 2233924 |
| &nbsp;&nbsp;&nbsp;TJX | 2659 | 363246 |
| &nbsp;&nbsp;&nbsp;Tractor Supply | 1271 | 78497 |
| &nbsp;&nbsp;&nbsp;Ulta Beauty \* | 108 | 53215 |
| &nbsp;&nbsp;&nbsp;Viking Holdings \* | 297 | 18895 |
| &nbsp;&nbsp;&nbsp;Williams-Sonoma | 282 | 53070 |
| &nbsp;&nbsp;&nbsp;Yum! Brands | 663 | 97441 |
|  |  | 13643482 |
| Consumer Staples — 5.0% |  |  |
| &nbsp;&nbsp;&nbsp;Altria Group | 4057 | 272671 |
| &nbsp;&nbsp;&nbsp;Archer-Daniels-Midland | 1132 | 70909 |
| &nbsp;&nbsp;&nbsp;Brown-Forman, Cl A | 104 | 3156 |
| &nbsp;&nbsp;&nbsp;Brown-Forman, Cl B | 704 | 21078 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Consumer Staples — continued |  |  |
| &nbsp;&nbsp;&nbsp;Church & Dwight | 583 | $54312 |
| &nbsp;&nbsp;&nbsp;Clorox | 294 | 34751 |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 9069 | 625670 |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive | 1978 | 166290 |
| &nbsp;&nbsp;&nbsp;Constellation Brands, Cl A | 370 | 59918 |
| &nbsp;&nbsp;&nbsp;Costco Wholesale | 1064 | 1003693 |
| &nbsp;&nbsp;&nbsp;Dollar General | 520 | 56555 |
| &nbsp;&nbsp;&nbsp;Dollar Tree \* | 478 | 52183 |
| &nbsp;&nbsp;&nbsp;Estee Lauder, Cl A | 510 | 46782 |
| &nbsp;&nbsp;&nbsp;General Mills | 1313 | 64770 |
| &nbsp;&nbsp;&nbsp;Hershey | 351 | 64496 |
| &nbsp;&nbsp;&nbsp;Hormel Foods | 683 | 17376 |
| &nbsp;&nbsp;&nbsp;Kellanova | 621 | 49370 |
| &nbsp;&nbsp;&nbsp;Kenvue | 4794 | 99284 |
| &nbsp;&nbsp;&nbsp;Keurig Dr Pepper | 2855 | 83052 |
| &nbsp;&nbsp;&nbsp;Kimberly-Clark | 787 | 101633 |
| &nbsp;&nbsp;&nbsp;Kraft Heinz | 1851 | 51773 |
| &nbsp;&nbsp;&nbsp;Kroger | 1450 | 98368 |
| &nbsp;&nbsp;&nbsp;McCormick | 600 | 42222 |
| &nbsp;&nbsp;&nbsp;Mondelez International, Cl A | 3101 | 190525 |
| &nbsp;&nbsp;&nbsp;Monster Beverage \* | 1644 | 102602 |
| &nbsp;&nbsp;&nbsp;PepsiCo | 3228 | 479842 |
| &nbsp;&nbsp;&nbsp;Philip Morris International | 3635 | 607518 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 5621 | 882722 |
| &nbsp;&nbsp;&nbsp;Sysco | 1254 | 100909 |
| &nbsp;&nbsp;&nbsp;Target | 1083 | 103946 |
| &nbsp;&nbsp;&nbsp;Tyson Foods, Cl A | 669 | 37986 |
| &nbsp;&nbsp;&nbsp;Walmart | 10404 | 1008980 |
|  |  | 6655342 |
| Energy — 3.1% |  |  |
| &nbsp;&nbsp;&nbsp;Baker Hughes, Cl A | 2352 | 106781 |
| &nbsp;&nbsp;&nbsp;Cheniere Energy | 546 | 132034 |
| &nbsp;&nbsp;&nbsp;Chesapeake Energy | 503 | 48680 |
| &nbsp;&nbsp;&nbsp;Chevron | 4569 | 733781 |
| &nbsp;&nbsp;&nbsp;ConocoPhillips | 3013 | 298197 |
| &nbsp;&nbsp;&nbsp;Coterra Energy | 1728 | 42232 |
| &nbsp;&nbsp;&nbsp;Devon Energy | 1553 | 56063 |
| &nbsp;&nbsp;&nbsp;Diamondback Energy | 449 | 66793 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Energy — continued |  |  |
| &nbsp;&nbsp;&nbsp;EOG Resources | 1319 | $164638 |
| &nbsp;&nbsp;&nbsp;EQT | 1361 | 70554 |
| &nbsp;&nbsp;&nbsp;Exxon Mobil | 10372 | 1185416 |
| &nbsp;&nbsp;&nbsp;Halliburton | 2083 | 47347 |
| &nbsp;&nbsp;&nbsp;Kinder Morgan | 4806 | 129666 |
| &nbsp;&nbsp;&nbsp;Marathon Petroleum | 747 | 134243 |
| &nbsp;&nbsp;&nbsp;Occidental Petroleum | 1754 | 83508 |
| &nbsp;&nbsp;&nbsp;ONEOK | 1444 | 110293 |
| &nbsp;&nbsp;&nbsp;Phillips 66 | 974 | 130107 |
| &nbsp;&nbsp;&nbsp;Schlumberger | 3248 | 119656 |
| &nbsp;&nbsp;&nbsp;Targa Resources | 510 | 85558 |
| &nbsp;&nbsp;&nbsp;Texas Pacific Land | 45 | 42007 |
| &nbsp;&nbsp;&nbsp;Valero Energy | 749 | 113855 |
| &nbsp;&nbsp;&nbsp;Venture Global, Cl A | 738 | 9594 |
| &nbsp;&nbsp;&nbsp;Williams | 2953 | 170920 |
|  |  | 4081923 |
| Financials — 13.6% |  |  |
| &nbsp;&nbsp;&nbsp;Affirm Holdings, Cl A \* | 574 | 50776 |
| &nbsp;&nbsp;&nbsp;Aflac | 1173 | 125347 |
| &nbsp;&nbsp;&nbsp;Allstate | 652 | 132649 |
| &nbsp;&nbsp;&nbsp;American Express | 1309 | 433645 |
| &nbsp;&nbsp;&nbsp;American International Group | 1418 | 115312 |
| &nbsp;&nbsp;&nbsp;Ameriprise Financial | 229 | 117891 |
| &nbsp;&nbsp;&nbsp;Aon PLC, Cl A | 473 | 173591 |
| &nbsp;&nbsp;&nbsp;Apollo Global Management | 994 | 135413 |
| &nbsp;&nbsp;&nbsp;Arch Capital Group | 855 | 78258 |
| &nbsp;&nbsp;&nbsp;Ares Management, Cl A | 442 | 79206 |
| &nbsp;&nbsp;&nbsp;Arthur J Gallagher | 597 | 180742 |
| &nbsp;&nbsp;&nbsp;Bank of America | 15567 | 789870 |
| &nbsp;&nbsp;&nbsp;Bank of New York Mellon | 1711 | 180682 |
| &nbsp;&nbsp;&nbsp;Berkshire Hathaway, Cl B \* | 3181 | 1599979 |
| &nbsp;&nbsp;&nbsp;BlackRock Funding | 363 | 409152 |
| &nbsp;&nbsp;&nbsp;Blackstone | 1720 | 294808 |
| &nbsp;&nbsp;&nbsp;Block, Cl A \* | 1325 | 105523 |
| &nbsp;&nbsp;&nbsp;Blue Owl Capital, Cl A | 1330 | 24632 |
| &nbsp;&nbsp;&nbsp;Brown & Brown | 573 | 55552 |
| &nbsp;&nbsp;&nbsp;Capital One Financial | 1512 | 343557 |
| &nbsp;&nbsp;&nbsp;Carlyle Group | 534 | 34475 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Financials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Cboe Global Markets | 248 | $58516 |
| &nbsp;&nbsp;&nbsp;Charles Schwab | 4098 | 392752 |
| &nbsp;&nbsp;&nbsp;Chubb | 892 | 245362 |
| &nbsp;&nbsp;&nbsp;Cincinnati Financial | 366 | 56218 |
| &nbsp;&nbsp;&nbsp;Citigroup | 4362 | 421238 |
| &nbsp;&nbsp;&nbsp;Citizens Financial Group | 1042 | 54476 |
| &nbsp;&nbsp;&nbsp;CME Group, Cl A | 859 | 228932 |
| &nbsp;&nbsp;&nbsp;Coinbase Global, Cl A \* | 485 | 147702 |
| &nbsp;&nbsp;&nbsp;Corpay \* | 161 | 52433 |
| &nbsp;&nbsp;&nbsp;Erie Indemnity, Cl A | 59 | 20908 |
| &nbsp;&nbsp;&nbsp;Everest Group | 77 | 26325 |
| &nbsp;&nbsp;&nbsp;FactSet Research Systems | 90 | 33599 |
| &nbsp;&nbsp;&nbsp;Fidelity National Information Services | 1266 | 88379 |
| &nbsp;&nbsp;&nbsp;Fifth Third Bancorp | 1594 | 72957 |
| &nbsp;&nbsp;&nbsp;First Citizens BancShares, Cl A | 24 | 47614 |
| &nbsp;&nbsp;&nbsp;Fiserv \* | 1351 | 186681 |
| &nbsp;&nbsp;&nbsp;Global Payments | 602 | 53470 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Group | 735 | 547759 |
| &nbsp;&nbsp;&nbsp;Hartford Financial Services Group | 680 | 89971 |
| &nbsp;&nbsp;&nbsp;Huntington Bancshares | 3443 | 61320 |
| &nbsp;&nbsp;&nbsp;Interactive Brokers Group, Cl A | 983 | 61182 |
| &nbsp;&nbsp;&nbsp;Intercontinental Exchange | 1363 | 240706 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase | 6658 | 2006854 |
| &nbsp;&nbsp;&nbsp;KKR | 1622 | 226253 |
| &nbsp;&nbsp;&nbsp;Loews | 427 | 41334 |
| &nbsp;&nbsp;&nbsp;LPL Financial Holdings | 178 | 64877 |
| &nbsp;&nbsp;&nbsp;M&T Bank | 394 | 79454 |
| &nbsp;&nbsp;&nbsp;Markel Group \* | 30 | 58772 |
| &nbsp;&nbsp;&nbsp;Marsh & McLennan | 1170 | 240798 |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A | 1941 | 1155458 |
| &nbsp;&nbsp;&nbsp;MetLife | 1364 | 110975 |
| &nbsp;&nbsp;&nbsp;Moody's | 380 | 193709 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley | 2917 | 438950 |
| &nbsp;&nbsp;&nbsp;MSCI, Cl A | 180 | 102190 |
| &nbsp;&nbsp;&nbsp;Nasdaq | 984 | 93224 |
| &nbsp;&nbsp;&nbsp;Northern Trust | 470 | 61702 |
| &nbsp;&nbsp;&nbsp;PayPal Holdings \* | 2355 | 165297 |
| &nbsp;&nbsp;&nbsp;PNC Financial Services Group | 967 | 200594 |
| &nbsp;&nbsp;&nbsp;Principal Financial Group | 542 | 43636 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Financials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Progressive | 1379 | $340696 |
| &nbsp;&nbsp;&nbsp;Prudential Financial | 846 | 92772 |
| &nbsp;&nbsp;&nbsp;Raymond James Financial | 439 | 74384 |
| &nbsp;&nbsp;&nbsp;Regions Financial | 2159 | 59135 |
| &nbsp;&nbsp;&nbsp;Robinhood Markets, Cl A \* | 1760 | 183093 |
| &nbsp;&nbsp;&nbsp;Rocket, Cl A | 290 | 5153 |
| &nbsp;&nbsp;&nbsp;Ryan Specialty Holdings, Cl A | 247 | 13963 |
| &nbsp;&nbsp;&nbsp;S&P Global | 732 | 401458 |
| &nbsp;&nbsp;&nbsp;SoFi Technologies \* | 2454 | 62675 |
| &nbsp;&nbsp;&nbsp;State Street | 697 | 80134 |
| &nbsp;&nbsp;&nbsp;Synchrony Financial | 925 | 70614 |
| &nbsp;&nbsp;&nbsp;T Rowe Price Group | 519 | 55855 |
| &nbsp;&nbsp;&nbsp;Toast, Cl A \* | 968 | 43657 |
| &nbsp;&nbsp;&nbsp;TPG, Cl A | 204 | 12311 |
| &nbsp;&nbsp;&nbsp;Tradeweb Markets, Cl A | 276 | 34047 |
| &nbsp;&nbsp;&nbsp;Travelers | 554 | 150417 |
| &nbsp;&nbsp;&nbsp;Truist Financial | 3116 | 145891 |
| &nbsp;&nbsp;&nbsp;US Bancorp | 3690 | 180183 |
| &nbsp;&nbsp;&nbsp;Visa, Cl A | 4115 | 1447575 |
| &nbsp;&nbsp;&nbsp;W R Berkley | 716 | 51330 |
| &nbsp;&nbsp;&nbsp;Wells Fargo | 7804 | 641333 |
| &nbsp;&nbsp;&nbsp;Willis Towers Watson PLC | 238 | 77776 |
|  |  | 18158089 |
| Health Care — 9.1% |  |  |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories | 4050 | 537273 |
| &nbsp;&nbsp;&nbsp;AbbVie | 4241 | 892306 |
| &nbsp;&nbsp;&nbsp;Agilent Technologies | 677 | 85072 |
| &nbsp;&nbsp;&nbsp;Align Technology \* | 165 | 23423 |
| &nbsp;&nbsp;&nbsp;Alnylam Pharmaceuticals \* | 308 | 137525 |
| &nbsp;&nbsp;&nbsp;Amgen | 1266 | 364241 |
| &nbsp;&nbsp;&nbsp;Baxter International | 1208 | 29826 |
| &nbsp;&nbsp;&nbsp;Becton Dickinson | 710 | 137016 |
| &nbsp;&nbsp;&nbsp;Biogen \* | 344 | 45484 |
| &nbsp;&nbsp;&nbsp;Boston Scientific \* | 3476 | 366718 |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 4853 | 228965 |
| &nbsp;&nbsp;&nbsp;Cardinal Health | 578 | 85995 |
| &nbsp;&nbsp;&nbsp;Cencora | 428 | 124809 |
| &nbsp;&nbsp;&nbsp;Centene \* | 1197 | 34761 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Health Care — continued |  |  |
| &nbsp;&nbsp;&nbsp;Cigna Group | 656 | $197371 |
| &nbsp;&nbsp;&nbsp;Cooper \* | 471 | 31743 |
| &nbsp;&nbsp;&nbsp;CVS Health | 3033 | 221864 |
| &nbsp;&nbsp;&nbsp;Danaher | 1526 | 314081 |
| &nbsp;&nbsp;&nbsp;Dexcom \* | 930 | 70066 |
| &nbsp;&nbsp;&nbsp;Edwards Lifesciences \* | 1372 | 111598 |
| &nbsp;&nbsp;&nbsp;Elevance Health | 538 | 171434 |
| &nbsp;&nbsp;&nbsp;Eli Lilly | 2024 | 1482742 |
| &nbsp;&nbsp;&nbsp;GE HealthCare Technologies | 1087 | 80145 |
| &nbsp;&nbsp;&nbsp;Gilead Sciences | 2954 | 333713 |
| &nbsp;&nbsp;&nbsp;HCA Healthcare | 420 | 169663 |
| &nbsp;&nbsp;&nbsp;Hologic \* | 533 | 35775 |
| &nbsp;&nbsp;&nbsp;Humana | 309 | 93831 |
| &nbsp;&nbsp;&nbsp;IDEXX Laboratories \* | 192 | 124241 |
| &nbsp;&nbsp;&nbsp;Illumina \* | 375 | 37485 |
| &nbsp;&nbsp;&nbsp;Incyte \* | 381 | 32236 |
| &nbsp;&nbsp;&nbsp;Insulet \* | 166 | 56420 |
| &nbsp;&nbsp;&nbsp;Intuitive Surgical \* | 833 | 394255 |
| &nbsp;&nbsp;&nbsp;IQVIA Holdings \* | 422 | 80522 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 5781 | 1024220 |
| &nbsp;&nbsp;&nbsp;Labcorp Holdings | 199 | 55320 |
| &nbsp;&nbsp;&nbsp;McKesson | 305 | 209425 |
| &nbsp;&nbsp;&nbsp;Medtronic PLC | 3060 | 283999 |
| &nbsp;&nbsp;&nbsp;Merck | 5939 | 499589 |
| &nbsp;&nbsp;&nbsp;Mettler-Toledo International \* | 45 | 58547 |
| &nbsp;&nbsp;&nbsp;Molina Healthcare \* | 134 | 24231 |
| &nbsp;&nbsp;&nbsp;Natera \* | 301 | 50643 |
| &nbsp;&nbsp;&nbsp;Pfizer | 13451 | 333047 |
| &nbsp;&nbsp;&nbsp;Quest Diagnostics | 264 | 47953 |
| &nbsp;&nbsp;&nbsp;Regeneron Pharmaceuticals | 253 | 146917 |
| &nbsp;&nbsp;&nbsp;ResMed | 345 | 94706 |
| &nbsp;&nbsp;&nbsp;Royalty Pharma, Cl A | 880 | 31662 |
| &nbsp;&nbsp;&nbsp;STERIS PLC | 235 | 57589 |
| &nbsp;&nbsp;&nbsp;Stryker | 824 | 322522 |
| &nbsp;&nbsp;&nbsp;Thermo Fisher Scientific | 901 | 443941 |
| &nbsp;&nbsp;&nbsp;UnitedHealth Group | 2191 | 678925 |
| &nbsp;&nbsp;&nbsp;Veeva Systems, Cl A \* | 354 | 95297 |
| &nbsp;&nbsp;&nbsp;Vertex Pharmaceuticals \* | 611 | 238913 |
| &nbsp;&nbsp;&nbsp;Waters \* | 140 | 42252 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Health Care — continued |  |  |
| &nbsp;&nbsp;&nbsp;West Pharmaceutical Services | 171 | $42228 |
| &nbsp;&nbsp;&nbsp;Zimmer Biomet Holdings | 473 | 50185 |
| &nbsp;&nbsp;&nbsp;Zoetis, Cl A | 1096 | 171414 |
|  |  | 12136124 |
| Industrials — 8.5% |  |  |
| &nbsp;&nbsp;&nbsp;3M | 1315 | 204522 |
| &nbsp;&nbsp;&nbsp;AMETEK | 547 | 101086 |
| &nbsp;&nbsp;&nbsp;Automatic Data Processing | 969 | 294624 |
| &nbsp;&nbsp;&nbsp;Axon Enterprise \* | 178 | 133018 |
| &nbsp;&nbsp;&nbsp;Boeing \* | 1699 | 398721 |
| &nbsp;&nbsp;&nbsp;Booz Allen Hamilton Holding, Cl A | 298 | 32399 |
| &nbsp;&nbsp;&nbsp;Broadridge Financial Solutions | 277 | 70807 |
| &nbsp;&nbsp;&nbsp;Builders FirstSource \* | 268 | 37166 |
| &nbsp;&nbsp;&nbsp;Carlisle | 107 | 41290 |
| &nbsp;&nbsp;&nbsp;Carrier Global | 1925 | 125510 |
| &nbsp;&nbsp;&nbsp;Caterpillar | 1139 | 477287 |
| &nbsp;&nbsp;&nbsp;Cintas | 831 | 174535 |
| &nbsp;&nbsp;&nbsp;Copart \* | 2116 | 103282 |
| &nbsp;&nbsp;&nbsp;CSX | 4747 | 154325 |
| &nbsp;&nbsp;&nbsp;Cummins | 344 | 137063 |
| &nbsp;&nbsp;&nbsp;Deere | 595 | 284791 |
| &nbsp;&nbsp;&nbsp;Delta Air Lines | 1535 | 94832 |
| &nbsp;&nbsp;&nbsp;Dover | 326 | 58308 |
| &nbsp;&nbsp;&nbsp;Eaton PLC | 936 | 326795 |
| &nbsp;&nbsp;&nbsp;EMCOR Group | 108 | 66960 |
| &nbsp;&nbsp;&nbsp;Emerson Electric | 1341 | 177012 |
| &nbsp;&nbsp;&nbsp;Equifax | 294 | 72412 |
| &nbsp;&nbsp;&nbsp;Expeditors International of Washington | 330 | 39778 |
| &nbsp;&nbsp;&nbsp;Fastenal | 2851 | 141581 |
| &nbsp;&nbsp;&nbsp;FedEx | 526 | 121543 |
| &nbsp;&nbsp;&nbsp;Ferguson Enterprises | 448 | 103555 |
| &nbsp;&nbsp;&nbsp;Fortive | 826 | 39532 |
| &nbsp;&nbsp;&nbsp;GE Vernova | 656 | 402108 |
| &nbsp;&nbsp;&nbsp;General Dynamics | 530 | 172022 |
| &nbsp;&nbsp;&nbsp;General Electric | 2533 | 697082 |
| &nbsp;&nbsp;&nbsp;HEICO | 97 | 30266 |
| &nbsp;&nbsp;&nbsp;HEICO, Cl A | 179 | 43857 |
| &nbsp;&nbsp;&nbsp;Honeywell International | 1541 | 338249 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Industrials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Howmet Aerospace | 956 | $166440 |
| &nbsp;&nbsp;&nbsp;Hubbell, Cl B | 127 | 54736 |
| &nbsp;&nbsp;&nbsp;IDEX | 179 | 29445 |
| &nbsp;&nbsp;&nbsp;Illinois Tool Works | 712 | 188431 |
| &nbsp;&nbsp;&nbsp;Ingersoll Rand | 957 | 76015 |
| &nbsp;&nbsp;&nbsp;Jacobs Solutions | 292 | 42699 |
| &nbsp;&nbsp;&nbsp;JB Hunt Transport Services | 189 | 27403 |
| &nbsp;&nbsp;&nbsp;Johnson Controls International | 1562 | 166962 |
| &nbsp;&nbsp;&nbsp;L3Harris Technologies | 445 | 123541 |
| &nbsp;&nbsp;&nbsp;Leidos Holdings | 316 | 57171 |
| &nbsp;&nbsp;&nbsp;Lennox International | 75 | 41839 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin | 564 | 256975 |
| &nbsp;&nbsp;&nbsp;Norfolk Southern | 558 | 156229 |
| &nbsp;&nbsp;&nbsp;Northrop Grumman | 352 | 207694 |
| &nbsp;&nbsp;&nbsp;Old Dominion Freight Line | 447 | 67484 |
| &nbsp;&nbsp;&nbsp;Otis Worldwide | 946 | 81715 |
| &nbsp;&nbsp;&nbsp;PACCAR | 1286 | 128574 |
| &nbsp;&nbsp;&nbsp;Parker-Hannifin | 309 | 234639 |
| &nbsp;&nbsp;&nbsp;Paychex | 800 | 111564 |
| &nbsp;&nbsp;&nbsp;Quanta Services | 349 | 131908 |
| &nbsp;&nbsp;&nbsp;Republic Services, Cl A | 505 | 118155 |
| &nbsp;&nbsp;&nbsp;Rockwell Automation | 270 | 92726 |
| &nbsp;&nbsp;&nbsp;Rollins | 705 | 39861 |
| &nbsp;&nbsp;&nbsp;RTX | 3138 | 497687 |
| &nbsp;&nbsp;&nbsp;Southwest Airlines | 1418 | 46652 |
| &nbsp;&nbsp;&nbsp;SS&C Technologies Holdings | 513 | 45483 |
| &nbsp;&nbsp;&nbsp;Symbotic, Cl A \* | 97 | 4601 |
| &nbsp;&nbsp;&nbsp;Trane Technologies PLC | 541 | 224840 |
| &nbsp;&nbsp;&nbsp;TransDigm Group | 132 | 184652 |
| &nbsp;&nbsp;&nbsp;TransUnion | 462 | 40841 |
| &nbsp;&nbsp;&nbsp;Uber Technologies \* | 4796 | 449625 |
| &nbsp;&nbsp;&nbsp;Union Pacific | 1437 | 321270 |
| &nbsp;&nbsp;&nbsp;United Airlines Holdings \* | 780 | 81900 |
| &nbsp;&nbsp;&nbsp;United Parcel Service, Cl B | 1776 | 155293 |
| &nbsp;&nbsp;&nbsp;United Rentals | 155 | 148233 |
| &nbsp;&nbsp;&nbsp;Veralto | 526 | 55856 |
| &nbsp;&nbsp;&nbsp;Verisk Analytics, Cl A | 333 | 89284 |
| &nbsp;&nbsp;&nbsp;Vertiv Holdings, Cl A | 813 | 103698 |
| &nbsp;&nbsp;&nbsp;Waste Management | 963 | 218014 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Industrials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Watsco | 82 | $32995 |
| &nbsp;&nbsp;&nbsp;Westinghouse Air Brake Technologies | 405 | 78367 |
| &nbsp;&nbsp;&nbsp;WW Grainger | 104 | 105404 |
| &nbsp;&nbsp;&nbsp;Xylem | 577 | 81680 |
|  |  | 11264899 |
| Information Technology — 32.8% |  |  |
| &nbsp;&nbsp;&nbsp;Adobe \* | 1012 | 360980 |
| &nbsp;&nbsp;&nbsp;Advanced Micro Devices \* | 3809 | 619458 |
| &nbsp;&nbsp;&nbsp;Amdocs | 261 | 22334 |
| &nbsp;&nbsp;&nbsp;Amphenol, Cl A | 2853 | 310578 |
| &nbsp;&nbsp;&nbsp;Analog Devices | 1186 | 298054 |
| &nbsp;&nbsp;&nbsp;Apple | 34816 | 8082186 |
| &nbsp;&nbsp;&nbsp;Applied Materials | 1930 | 310267 |
| &nbsp;&nbsp;&nbsp;AppLovin, Cl A \* | 611 | 292418 |
| &nbsp;&nbsp;&nbsp;Arista Networks \* | 2497 | 340965 |
| &nbsp;&nbsp;&nbsp;Atlassian, Cl A \* | 409 | 72712 |
| &nbsp;&nbsp;&nbsp;Autodesk \* | 507 | 159553 |
| &nbsp;&nbsp;&nbsp;Bentley Systems, Cl B | 377 | 20980 |
| &nbsp;&nbsp;&nbsp;Broadcom | 11009 | 3273966 |
| &nbsp;&nbsp;&nbsp;Cadence Design Systems \* | 660 | 231284 |
| &nbsp;&nbsp;&nbsp;CDW | 317 | 52229 |
| &nbsp;&nbsp;&nbsp;Circle Internet Group \* | 256 | 33787 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 9351 | 646061 |
| &nbsp;&nbsp;&nbsp;Cloudflare, Cl A \* | 723 | 150897 |
| &nbsp;&nbsp;&nbsp;Cognizant Technology Solutions, Cl A | 1181 | 85327 |
| &nbsp;&nbsp;&nbsp;Coreweave \* | 439 | 45235 |
| &nbsp;&nbsp;&nbsp;Corning | 1843 | 123536 |
| &nbsp;&nbsp;&nbsp;Crowdstrike Holdings, Cl A \* | 551 | 233459 |
| &nbsp;&nbsp;&nbsp;Datadog, Cl A \* | 737 | 100733 |
| &nbsp;&nbsp;&nbsp;Dell Technologies, Cl C | 736 | 89902 |
| &nbsp;&nbsp;&nbsp;Entegris | 356 | 29811 |
| &nbsp;&nbsp;&nbsp;Fair Isaac \* | 58 | 88255 |
| &nbsp;&nbsp;&nbsp;First Solar \* | 241 | 47041 |
| &nbsp;&nbsp;&nbsp;Flex \* | 878 | 47078 |
| &nbsp;&nbsp;&nbsp;Fortinet \* | 1504 | 118470 |
| &nbsp;&nbsp;&nbsp;Gartner \* | 177 | 44461 |
| &nbsp;&nbsp;&nbsp;GLOBALFOUNDRIES \* | 172 | 5743 |
| &nbsp;&nbsp;&nbsp;GoDaddy, Cl A \* | 320 | 47459 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — continued |  |  |
| &nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise | 3082 | $69561 |
| &nbsp;&nbsp;&nbsp;HP | 2232 | 63701 |
| &nbsp;&nbsp;&nbsp;HubSpot \* | 127 | 61363 |
| &nbsp;&nbsp;&nbsp;Intel | 10374 | 252607 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 2170 | 528373 |
| &nbsp;&nbsp;&nbsp;Intuit | 642 | 428214 |
| &nbsp;&nbsp;&nbsp;Jabil | 260 | 53256 |
| &nbsp;&nbsp;&nbsp;Keysight Technologies \* | 412 | 67333 |
| &nbsp;&nbsp;&nbsp;KLA | 320 | 279040 |
| &nbsp;&nbsp;&nbsp;Lam Research | 3084 | 308863 |
| &nbsp;&nbsp;&nbsp;Marvell Technology | 2055 | 129188 |
| &nbsp;&nbsp;&nbsp;Microchip Technology | 1253 | 81445 |
| &nbsp;&nbsp;&nbsp;Micron Technology | 2675 | 318352 |
| &nbsp;&nbsp;&nbsp;Microsoft | 17561 | 8897983 |
| &nbsp;&nbsp;&nbsp;MicroStrategy, Cl A \* | 590 | 197302 |
| &nbsp;&nbsp;&nbsp;MongoDB, Cl A \* | 171 | 53969 |
| &nbsp;&nbsp;&nbsp;Monolithic Power Systems | 110 | 91934 |
| &nbsp;&nbsp;&nbsp;Motorola Solutions | 404 | 190874 |
| &nbsp;&nbsp;&nbsp;NetApp | 482 | 54365 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 56120 | 9774982 |
| &nbsp;&nbsp;&nbsp;Okta, Cl A \* | 387 | 35902 |
| &nbsp;&nbsp;&nbsp;ON Semiconductor \* | 1009 | 50036 |
| &nbsp;&nbsp;&nbsp;Oracle | 3921 | 886656 |
| &nbsp;&nbsp;&nbsp;Palantir Technologies, Cl A \* | 5005 | 784334 |
| &nbsp;&nbsp;&nbsp;Palo Alto Networks \* | 1546 | 294544 |
| &nbsp;&nbsp;&nbsp;PTC \* | 283 | 60420 |
| &nbsp;&nbsp;&nbsp;Pure Storage, Cl A \* | 730 | 56655 |
| &nbsp;&nbsp;&nbsp;QUALCOMM | 2619 | 420952 |
| &nbsp;&nbsp;&nbsp;Roper Technologies | 261 | 137367 |
| &nbsp;&nbsp;&nbsp;Salesforce | 2237 | 573231 |
| &nbsp;&nbsp;&nbsp;Samsara, Cl A \* | 605 | 21865 |
| &nbsp;&nbsp;&nbsp;Seagate Technology Holdings | 468 | 78343 |
| &nbsp;&nbsp;&nbsp;ServiceNow \* | 483 | 443133 |
| &nbsp;&nbsp;&nbsp;Snowflake, Cl A \* | 773 | 184484 |
| &nbsp;&nbsp;&nbsp;Super Micro Computer \* | 1188 | 49349 |
| &nbsp;&nbsp;&nbsp;Synopsys \* | 443 | 267359 |
| &nbsp;&nbsp;&nbsp;Teledyne Technologies \* | 110 | 59199 |
| &nbsp;&nbsp;&nbsp;Teradyne | 385 | 45522 |
| &nbsp;&nbsp;&nbsp;Texas Instruments | 2152 | 435737 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — continued |  |  |
| &nbsp;&nbsp;&nbsp;Trimble \* | 578 | $46714 |
| &nbsp;&nbsp;&nbsp;Tyler Technologies \* | 101 | 56851 |
| &nbsp;&nbsp;&nbsp;Ubiquiti | 9 | 4753 |
| &nbsp;&nbsp;&nbsp;VeriSign | 198 | 54127 |
| &nbsp;&nbsp;&nbsp;Western Digital | 813 | 65316 |
| &nbsp;&nbsp;&nbsp;Workday, Cl A \* | 524 | 120950 |
| &nbsp;&nbsp;&nbsp;Zebra Technologies, Cl A \* | 121 | 38368 |
| &nbsp;&nbsp;&nbsp;Zoom Video Communications, Cl A \* | 623 | 50725 |
| &nbsp;&nbsp;&nbsp;Zscaler \* | 223 | 61782 |
|  |  | 43672598 |
| Materials — 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;Air Products & Chemicals | 537 | 157937 |
| &nbsp;&nbsp;&nbsp;Amcor PLC | 5459 | 47111 |
| &nbsp;&nbsp;&nbsp;Avery Dennison | 190 | 32613 |
| &nbsp;&nbsp;&nbsp;Ball | 703 | 37006 |
| &nbsp;&nbsp;&nbsp;CF Industries Holdings | 411 | 35605 |
| &nbsp;&nbsp;&nbsp;Corteva | 1636 | 121375 |
| &nbsp;&nbsp;&nbsp;CRH PLC | 1659 | 187384 |
| &nbsp;&nbsp;&nbsp;Dow | 1667 | 41058 |
| &nbsp;&nbsp;&nbsp;DuPont de Nemours | 903 | 69459 |
| &nbsp;&nbsp;&nbsp;Ecolab | 615 | 170380 |
| &nbsp;&nbsp;&nbsp;Freeport-McMoRan | 3531 | 156776 |
| &nbsp;&nbsp;&nbsp;International Flavors & Fragrances | 608 | 41046 |
| &nbsp;&nbsp;&nbsp;International Paper | 1241 | 61653 |
| &nbsp;&nbsp;&nbsp;Linde PLC | 1116 | 533772 |
| &nbsp;&nbsp;&nbsp;LyondellBasell Industries, Cl A | 604 | 34035 |
| &nbsp;&nbsp;&nbsp;Martin Marietta Materials | 144 | 88762 |
| &nbsp;&nbsp;&nbsp;Newmont | 2686 | 199838 |
| &nbsp;&nbsp;&nbsp;Nucor | 559 | 83140 |
| &nbsp;&nbsp;&nbsp;Packaging Corp of America | 211 | 45990 |
| &nbsp;&nbsp;&nbsp;PPG Industries | 552 | 61399 |
| &nbsp;&nbsp;&nbsp;Reliance | 126 | 37253 |
| &nbsp;&nbsp;&nbsp;Sherwin-Williams | 560 | 204865 |
| &nbsp;&nbsp;&nbsp;Smurfit WestRock | 1213 | 57448 |
| &nbsp;&nbsp;&nbsp;Steel Dynamics | 340 | 44513 |
| &nbsp;&nbsp;&nbsp;Vulcan Materials | 315 | 91715 |
|  |  | 2642133 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Real Estate — 1.9% |  |  |
| &nbsp;&nbsp;&nbsp;Alexandria Real Estate Equities <sup>‡</sup> | 372 | $30668 |
| &nbsp;&nbsp;&nbsp;American Tower <sup>‡</sup> | 1116 | 227497 |
| &nbsp;&nbsp;&nbsp;AvalonBay Communities <sup>‡</sup> | 337 | 66001 |
| &nbsp;&nbsp;&nbsp;CBRE Group, Cl A \* | 714 | 115754 |
| &nbsp;&nbsp;&nbsp;CoStar Group \* | 1042 | 93248 |
| &nbsp;&nbsp;&nbsp;Crown Castle <sup>‡</sup> | 1084 | 107468 |
| &nbsp;&nbsp;&nbsp;Digital Realty Trust <sup>‡</sup> | 818 | 137129 |
| &nbsp;&nbsp;&nbsp;Equinix <sup>‡</sup> | 231 | 181610 |
| &nbsp;&nbsp;&nbsp;Equity Residential <sup>‡</sup> | 815 | 53888 |
| &nbsp;&nbsp;&nbsp;Essex Property Trust <sup>‡</sup> | 151 | 40802 |
| &nbsp;&nbsp;&nbsp;Extra Space Storage <sup>‡</sup> | 501 | 71934 |
| &nbsp;&nbsp;&nbsp;Healthpeak Properties <sup>‡</sup> | 1649 | 29583 |
| &nbsp;&nbsp;&nbsp;Invitation Homes <sup>‡</sup> | 1363 | 42648 |
| &nbsp;&nbsp;&nbsp;Iron Mountain <sup>‡</sup> | 694 | 64077 |
| &nbsp;&nbsp;&nbsp;Mid-America Apartment Communities <sup>‡</sup> | 277 | 40392 |
| &nbsp;&nbsp;&nbsp;ProLogis <sup>‡</sup> | 2214 | 251909 |
| &nbsp;&nbsp;&nbsp;Public Storage <sup>‡</sup> | 392 | 115479 |
| &nbsp;&nbsp;&nbsp;Realty Income <sup>‡</sup> | 2169 | 127450 |
| &nbsp;&nbsp;&nbsp;SBA Communications, Cl A <sup>‡</sup> | 253 | 51827 |
| &nbsp;&nbsp;&nbsp;Simon Property Group <sup>‡</sup> | 798 | 144167 |
| &nbsp;&nbsp;&nbsp;Sun Communities <sup>‡</sup> | 300 | 38061 |
| &nbsp;&nbsp;&nbsp;Ventas <sup>‡</sup> | 998 | 67944 |
| &nbsp;&nbsp;&nbsp;VICI Properties, Cl A <sup>‡</sup> | 2508 | 84720 |
| &nbsp;&nbsp;&nbsp;Welltower <sup>‡</sup> | 1494 | 251410 |
| &nbsp;&nbsp;&nbsp;Weyerhaeuser <sup>‡</sup> | 1726 | 44652 |
|  |  | 2480318 |
| Utilities — 2.3% |  |  |
| &nbsp;&nbsp;&nbsp;Alliant Energy | 608 | 39563 |
| &nbsp;&nbsp;&nbsp;Ameren | 634 | 63261 |
| &nbsp;&nbsp;&nbsp;American Electric Power | 1308 | 145214 |
| &nbsp;&nbsp;&nbsp;American Water Works | 464 | 66589 |
| &nbsp;&nbsp;&nbsp;Atmos Energy | 370 | 61468 |
| &nbsp;&nbsp;&nbsp;CenterPoint Energy | 1553 | 58564 |
| &nbsp;&nbsp;&nbsp;CMS Energy | 708 | 50672 |
| &nbsp;&nbsp;&nbsp;Consolidated Edison | 876 | 86050 |
| &nbsp;&nbsp;&nbsp;Constellation Energy | 758 | 233449 |
| &nbsp;&nbsp;&nbsp;Dominion Energy | 2097 | 125610 |
| &nbsp;&nbsp;&nbsp;DTE Energy | 491 | 67095 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Utilities — continued |  |  |
| &nbsp;&nbsp;&nbsp;Duke Energy | 1852 | $226851 |
| &nbsp;&nbsp;&nbsp;Edison International | 922 | 51752 |
| &nbsp;&nbsp;&nbsp;Entergy | 1089 | 95930 |
| &nbsp;&nbsp;&nbsp;Evergy | 538 | 38338 |
| &nbsp;&nbsp;&nbsp;Eversource Energy | 872 | 55869 |
| &nbsp;&nbsp;&nbsp;Exelon | 2499 | 109156 |
| &nbsp;&nbsp;&nbsp;FirstEnergy | 1304 | 56880 |
| &nbsp;&nbsp;&nbsp;NextEra Energy | 4870 | 350884 |
| &nbsp;&nbsp;&nbsp;NiSource | 1120 | 47342 |
| &nbsp;&nbsp;&nbsp;NRG Energy | 484 | 70451 |
| &nbsp;&nbsp;&nbsp;PG&E | 5091 | 77790 |
| &nbsp;&nbsp;&nbsp;PPL | 1762 | 64260 |
| &nbsp;&nbsp;&nbsp;Public Service Enterprise Group | 1186 | 97643 |
| &nbsp;&nbsp;&nbsp;Sempra | 1575 | 130032 |
| &nbsp;&nbsp;&nbsp;Southern | 2618 | 241641 |
| &nbsp;&nbsp;&nbsp;Vistra | 799 | 151099 |
| &nbsp;&nbsp;&nbsp;WEC Energy Group | 750 | 79883 |
| &nbsp;&nbsp;&nbsp;Xcel Energy | 1374 | 99464 |
|  |  | 3042800 |
| TOTAL UNITED STATES |  | 131482804 |
| TOTAL COMMON STOCK<br> (Cost $113,366,820) |  | 132679170 |
| TOTAL INVESTMENTS — 99.8%<br> (Cost $113,366,820) |  | $132679170 |

---

*Percentages are based on Net Assets of $132,953,751.*

*\** *Non-income producing security.* <br> *‡* *Real Estate Investment Trust*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Adaptive U.S. Risk Management ETF** | **Global X Adaptive U.S. Risk Management ETF** |

---

*As of August 31, 2025, all of the Fund's investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

 

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

 

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X 1-3 Month T-Bill ETF** | **Global X 1-3 Month T-Bill ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **U.S. TREASURY OBLIGATIONS — 104.7%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.266%, 09/25/2025<sup>(A)</sup> | $43167000 | $43050169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.983%, 09/11/2025<sup>(A)</sup> | 47460000 | 47409712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.487%, 09/18/2025<sup>(A)</sup> | 57770000 | 57660751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.878%, 09/23/2025<sup>(A)</sup> | 67290000 | 67123138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.308%, 09/2/2025<sup>(A)</sup> | 70622000 | 70622000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.306%, 09/30/2025<sup>(A)</sup> | 61938000 | 61733501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.303%, 09/9/2025<sup>(A)</sup> | 65790000 | 65735632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.293%, 09/4/2025<sup>(A)</sup> | 68930000 | 68913782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.287%, 09/16/2025<sup>(A)</sup> | 73330000 | 73208359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.277%, 10/23/2025<sup>(A)</sup> | 52200000 | 51895326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.276%, 10/9/2025<sup>(A)</sup> | 98245000 | 97821414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.272%, 10/2/2025<sup>(A)</sup> | 131930000 | 131466025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.270%, 10/7/2025<sup>(A)</sup> | 43700000 | 43521558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.268%, 10/16/2025<sup>(A)</sup> | 65720000 | 65386252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.257%, 10/21/2025<sup>(A)(B)</sup> | 59150000 | 58815684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.237%, 10/14/2025<sup>(A)</sup> | 45170000 | 44950511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.133%, 11/28/2025<sup>(A)</sup> | 60000000 | 59413040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.208%, 10/30/2025<sup>(A)</sup> | 143600000 | 142639966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.734%, 11/20/2025<sup>(A)</sup> | 78600000 | 77900688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.701%, 11/13/2025<sup>(A)</sup> | 85950000 | 85248723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.943%, 10/28/2025<sup>(A)</sup> | 64350000 | 63935586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.851%, 11/6/2025<sup>(A)</sup> | 108400000 | 107599652 |
|  |  | 1586051469 |
| TOTAL U.S. TREASURY OBLIGATIONS <br> (Cost $1,585,810,541) |  | 1586051469 |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC<br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $1,193,404 (collateralized by various U.S. Treasury Obligations, ranging in par value $67 - $211,063, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $1,212,142) | 1192823 | 1192823 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X 1-3 Month T-Bill ETF** | **Global X 1-3 Month T-Bill ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Daiwa Capital Markets America, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $1,121,795 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $79 - $233,692, 2.000% - 7.500%, 04/23/2027 - 07/20/2065, with a total market value of $1,138,853) | $1121254 | $1121254 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $32,057 (collateralized by various U.S. Treasury Obligations, ranging in par value $26 - $12,154, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $32,677) | 32042 | 32042 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $1,121,795 (collateralized by various U.S. Government Obligations, ranging in par value $144 - $443,397, 2.000% - 6.500%, 06/01/2028 - 06/01/2064, with a total market value of $1,139,749) | 1121254 | 1121254 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $263,732 (collateralized by various a U.S. Treasury Obligation, par value $257,953, 4.500%, 12/31/2031, with a total market value of $266,985) | 263605 | 263605 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $223,720 (collateralized by various U.S. Treasury Obligations, ranging in par value $5,074 - $62,504, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $226,282) | 223612 | 223612 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X 1-3 Month T-Bill ETF** | **Global X 1-3 Month T-Bill ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;RBC Dominion Securities, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $1,121,793 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $84 - $202,310, 0.000% - 7.000%, 09/11/2025 - 08/15/2055, with a total market value of $1,137,767) | $1121254 | $1121254 |
| TOTAL REPURCHASE AGREEMENTS <br> (Cost $5,075,844) |  | 5075844 |
| TOTAL INVESTMENTS — 105.0% <br> (Cost $1,590,886,385) |  | $1591127313 |

---

*Percentages are based on Net Assets of $1,515,593,084.*

*(A)* *Interest rate represents the security's effective yield at the time of purchase.* 

*(B)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $14,915,220.* 

*(C)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $5,075,844. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $9,943,480.* 

*As of August 31, 2025, all of the Fund's investments were considered Level 2, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Cash Flow Kings 100 ETF** | **Global X U.S. Cash Flow Kings 100 ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.9%** |  |  |
| **JERSEY — 1.7%** |  |  |
| **Consumer Discretionary — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;APTIV PLC \* | 5100 | $405603 |
| **PANAMA — 0.9%** |  |  |
| Industrials — 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;Copa Holdings, Cl A | 1892 | 222007 |
| **UNITED STATES — 97.3%** |  |  |
| Communication Services — 8.8% |  |  |
| &nbsp;&nbsp;&nbsp;Fox, Cl A | 7968 | 475690 |
| &nbsp;&nbsp;&nbsp;IAC \* | 1254 | 45921 |
| &nbsp;&nbsp;&nbsp;Interpublic Group | 8932 | 239735 |
| &nbsp;&nbsp;&nbsp;Match Group | 5170 | 193048 |
| &nbsp;&nbsp;&nbsp;Nexstar Media Group, Cl A | 1381 | 282456 |
| &nbsp;&nbsp;&nbsp;Omnicom Group | 4035 | 316061 |
| &nbsp;&nbsp;&nbsp;Warner Bros Discovery \* | 41794 | 486482 |
| &nbsp;&nbsp;&nbsp;ZoomInfo Technologies, Cl A \* | 6200 | 67580 |
|  |  | 2106973 |
| Consumer Discretionary — 21.8% |  |  |
| &nbsp;&nbsp;&nbsp;ADT | 32567 | 283659 |
| &nbsp;&nbsp;&nbsp;Bath & Body Works | 5517 | 161152 |
| &nbsp;&nbsp;&nbsp;Best Buy | 3707 | 272983 |
| &nbsp;&nbsp;&nbsp;BorgWarner | 5868 | 250916 |
| &nbsp;&nbsp;&nbsp;Brunswick | 1464 | 93096 |
| &nbsp;&nbsp;&nbsp;Columbia Sportswear | 970 | 54048 |
| &nbsp;&nbsp;&nbsp;Crocs \* | 1803 | 157222 |
| &nbsp;&nbsp;&nbsp;Deckers Outdoor \* | 1883 | 225263 |
| &nbsp;&nbsp;&nbsp;Dillard's, Cl A | 304 | 161996 |
| &nbsp;&nbsp;&nbsp;DR Horton | 3553 | 602162 |
| &nbsp;&nbsp;&nbsp;Etsy \* | 2438 | 129238 |
| &nbsp;&nbsp;&nbsp;Expedia Group | 2664 | 572227 |
| &nbsp;&nbsp;&nbsp;Gap | 8226 | 181054 |
| &nbsp;&nbsp;&nbsp;Gentex | 3360 | 94114 |
| &nbsp;&nbsp;&nbsp;H&R Block | 2365 | 119078 |
| &nbsp;&nbsp;&nbsp;Harley-Davidson | 7842 | 228359 |
| &nbsp;&nbsp;&nbsp;International Game Technology | 13054 | 217219 |
| &nbsp;&nbsp;&nbsp;Lear | 1047 | 115170 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Cash Flow Kings 100 ETF** | **Global X U.S. Cash Flow Kings 100 ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Consumer Discretionary — continued |  |  |
| &nbsp;&nbsp;&nbsp;Mattel \* | 6081 | $111282 |
| &nbsp;&nbsp;&nbsp;NVR \* | 39 | 316588 |
| &nbsp;&nbsp;&nbsp;PulteGroup | 2865 | 378237 |
| &nbsp;&nbsp;&nbsp;PVH | 1818 | 153294 |
| &nbsp;&nbsp;&nbsp;Thor Industries | 1258 | 137877 |
| &nbsp;&nbsp;&nbsp;TopBuild \* | 434 | 182610 |
| &nbsp;&nbsp;&nbsp;YETI Holdings \* | 1326 | 46622 |
|  |  | 5245466 |
| Consumer Staples — 6.8% |  |  |
| &nbsp;&nbsp;&nbsp;Altria Group | 7355 | 494329 |
| &nbsp;&nbsp;&nbsp;Boston Beer, Cl A \* | 197 | 43555 |
| &nbsp;&nbsp;&nbsp;Conagra Brands | 13428 | 256878 |
| &nbsp;&nbsp;&nbsp;Ingredion | 1419 | 183817 |
| &nbsp;&nbsp;&nbsp;Maplebear \* | 3705 | 160686 |
| &nbsp;&nbsp;&nbsp;Molson Coors Beverage, Cl B | 4562 | 230335 |
| &nbsp;&nbsp;&nbsp;Pilgrim's Pride | 6064 | 269545 |
|  |  | 1639145 |
| Energy — 18.9% |  |  |
| &nbsp;&nbsp;&nbsp;APA | 11748 | 272789 |
| &nbsp;&nbsp;&nbsp;Chord Energy | 2086 | 229230 |
| &nbsp;&nbsp;&nbsp;Civitas Resources | 5396 | 198465 |
| &nbsp;&nbsp;&nbsp;ConocoPhillips | 4647 | 459914 |
| &nbsp;&nbsp;&nbsp;Diamondback Energy | 2956 | 439735 |
| &nbsp;&nbsp;&nbsp;EOG Resources | 3505 | 437494 |
| &nbsp;&nbsp;&nbsp;Halliburton | 19748 | 448872 |
| &nbsp;&nbsp;&nbsp;Murphy Oil | 4828 | 120024 |
| &nbsp;&nbsp;&nbsp;NOV | 16976 | 225611 |
| &nbsp;&nbsp;&nbsp;Occidental Petroleum | 9646 | 459246 |
| &nbsp;&nbsp;&nbsp;Ovintiv | 7593 | 319817 |
| &nbsp;&nbsp;&nbsp;Schlumberger | 12276 | 452248 |
| &nbsp;&nbsp;&nbsp;Valero Energy | 3131 | 475943 |
|  |  | 4539388 |
| Health Care — 13.5% |  |  |
| &nbsp;&nbsp;&nbsp;Biogen \* | 3183 | 420856 |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 9382 | 442643 |
| &nbsp;&nbsp;&nbsp;DaVita \* | 2269 | 312577 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Cash Flow Kings 100 ETF** | **Global X U.S. Cash Flow Kings 100 ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Health Care — continued |  |  |
| &nbsp;&nbsp;Envista Holdings \* | 2501 | $52971 |
| &nbsp;&nbsp;Exelixis \* | 3569 | 133552 |
| &nbsp;&nbsp;Globus Medical, Cl A \* | 1571 | 96255 |
| &nbsp;&nbsp;Halozyme Therapeutics \* | 1663 | 121649 |
| &nbsp;&nbsp;Lantheus Holdings \* | 1046 | 57425 |
| &nbsp;&nbsp;Merck | 5565 | 468128 |
| &nbsp;&nbsp;Pfizer | 18342 | 454148 |
| &nbsp;&nbsp;Teleflex | 706 | 89246 |
| &nbsp;&nbsp;United Therapeutics \* | 690 | 210284 |
| &nbsp;&nbsp;Viatris | 36809 | 388335 |
|  |  | 3248069 |
| Industrials — 9.4% |  |  |
| &nbsp;&nbsp;Builders FirstSource \* | 2263 | 313833 |
| &nbsp;&nbsp;Genpact | 2935 | 133073 |
| &nbsp;&nbsp;Lyft, Cl A \* | 12633 | 204907 |
| &nbsp;&nbsp;Middleby \* | 869 | 118922 |
| &nbsp;&nbsp;Mueller Industries | 1384 | 132781 |
| &nbsp;&nbsp;Owens Corning | 1698 | 254989 |
| &nbsp;&nbsp;Robert Half | 1574 | 58742 |
| &nbsp;&nbsp;Snap-On | 703 | 228644 |
| &nbsp;&nbsp;TriNet Group | 1119 | 81038 |
| &nbsp;&nbsp;United Airlines Holdings \* | 5933 | 622965 |
| &nbsp;&nbsp;Valmont Industries | 325 | 119314 |
|  |  | 2269208 |
| Information Technology — 12.6% |  |  |
| &nbsp;&nbsp;Arrow Electronics \* | 1602 | 202381 |
| &nbsp;&nbsp;Avnet | 2923 | 159508 |
| &nbsp;&nbsp;BILL Holdings \* | 1469 | 68191 |
| &nbsp;&nbsp;Cirrus Logic \* | 794 | 90667 |
| &nbsp;&nbsp;Dropbox, Cl A \* | 5952 | 172965 |
| &nbsp;&nbsp;DXC Technology \* | 9634 | 139211 |
| &nbsp;&nbsp;Enphase Energy \* | 2636 | 99377 |
| &nbsp;&nbsp;HP | 18251 | 520883 |
| &nbsp;&nbsp;ON Semiconductor \* | 5303 | 262976 |
| &nbsp;&nbsp;Onto Innovation \* | 513 | 54378 |
| &nbsp;&nbsp;QUALCOMM | 2920 | 469332 |
| &nbsp;&nbsp;RingCentral, Cl A \* | 3355 | 102361 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Cash Flow Kings 100 ETF** | **Global X U.S. Cash Flow Kings 100 ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — continued |  |  |
| &nbsp;&nbsp;Skyworks Solutions | 3664 | $274580 |
| &nbsp;&nbsp;Teradata \* | 2450 | 51401 |
| &nbsp;&nbsp;Zoom Video Communications, Cl A \* | 4362 | 355154 |
|  |  | 3023365 |
| Materials — 5.2% |  |  |
| &nbsp;&nbsp;CF Industries Holdings | 3704 | 320878 |
| &nbsp;&nbsp;Crown Holdings | 2516 | 250040 |
| &nbsp;&nbsp;NewMarket | 144 | 119082 |
| &nbsp;&nbsp;Newmont | 7555 | 562092 |
|  |  | 1252092 |
| Real Estate — 0.3% |  |  |
| &nbsp;&nbsp;Apple Hospitality REIT <sup>‡</sup> | 5566 | 72692 |
| TOTAL UNITED STATES |  | 23396398 |
| TOTAL COMMON STOCK <br> (Cost $23,041,856) |  | 24024008 |
| TOTAL INVESTMENTS — 99.9%<br> (Cost $23,041,856) |  | $24024008 |

---

*Percentages are based on Net Assets of $24,052,841.*

*\** *Non-income producing security.* <br> *‡* *Real Estate Investment Trust*

*As of August 31, 2025, all of the Fund's investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Short-Term Treasury Ladder ETF** | **Global X Short-Term Treasury Ladder ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **U.S. TREASURY OBLIGATIONS — 99.0%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.306%, 09/2/2025<sup>(A)</sup> | $25000 | $25000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.025%, 02/12/2026<sup>(A)</sup> | 50000 | 49123 |
|  |  | 74123 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 04/30/2026 | 985000 | 990494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 05/31/2026 | 1085000 | 1092053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 02/28/2026 | 180000 | 180482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 03/15/2026 | 30000 | 30106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 06/30/2026 | 135000 | 135749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 09/15/2026 | 80000 | 80630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 10/15/2026 | 60000 | 60520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 11/15/2026 | 240000 | 242259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 03/31/2026 | 130000 | 130356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 04/15/2027 | 400000 | 404984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/15/2027 | 425000 | 430661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 07/31/2026 | 90000 | 90369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 08/15/2026 | 150000 | 150681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 12/15/2026 | 720000 | 725288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 07/15/2027 | 210000 | 212707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 11/30/2026 | 325000 | 326727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 12/31/2026 | 1000000 | 1005977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 03/15/2027 | 60000 | 60471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 01/15/2028 | 385000 | 390580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 02/15/2028 | 200000 | 203023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 06/15/2026 | 120000 | 120170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 10/31/2026 | 230000 | 230737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 01/31/2027 | 975000 | 979837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 02/15/2027 | 160000 | 160844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 02/28/2027 | 215000 | 216226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 11/15/2027 | 420000 | 424463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/15/2027 | 169000 | 169522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 03/31/2027 | 1350000 | 1353480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 05/31/2027 | 270000 | 270907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 07/31/2027 | 1200000 | 1204969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 10/15/2027 | 895000 | 899510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 11/30/2027 | 255000 | 256424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 12/31/2027 | 930000 | 935595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 08/31/2026 | 180000 | 179783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 04/30/2027 | 1125000 | 1126187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 06/30/2027 | 190000 | 190327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 08/15/2027 | 430000 | 430857 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Short-Term Treasury Ladder ETF** | **Global X Short-Term Treasury Ladder ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **U.S. TREASURY OBLIGATIONS — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 05/15/2026 | $100000 | $99784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 09/30/2026 | 200000 | 199258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 01/31/2028 | 175000 | 174597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 08/31/2027 | 150000 | 148564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 07/31/2027 | 450000 | 442564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 02/15/2028 | 250000 | 245088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.625%, 05/31/2027 | 1220000 | 1198459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 02/28/2026 | 95000 | 94281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 04/30/2026 | 245000 | 242424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 05/15/2027 | 220000 | 215325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 03/31/2026 | 55000 | 54448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 02/15/2027 | 120000 | 117511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 11/15/2027 | 300000 | 291410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.125%, 05/31/2026 | 240000 | 236747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 11/15/2026 | 225000 | 220263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875%, 06/30/2026 | 120000 | 118004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875%, 07/31/2026 | 125000 | 122756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875%, 02/28/2027 | 135000 | 131398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.625%, 05/15/2026 | 140000 | 137774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.625%, 10/31/2026 | 1175000 | 1145992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.625%, 11/30/2026 | 72000 | 70127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 08/15/2026 | 1110000 | 1085554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 01/31/2027 | 230000 | 222929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 11/30/2026 | 125000 | 121172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 12/31/2026 | 195000 | 188685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.125%, 10/31/2026 | 275000 | 266621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.125%, 02/28/2027 | 105000 | 101087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.875%, 06/30/2026 | 180000 | 175577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.875%, 09/30/2026 | 200000 | 193789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.750%, 03/31/2026 | 155000 | 152169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.750%, 04/30/2026 | 1130000 | 1106266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.750%, 05/31/2026 | 150000 | 146482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.750%, 08/31/2026 | 1050000 | 1018303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.750%, 01/31/2028 | 850000 | 794484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.625%, 07/31/2026 | 250000 | 242736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.625%, 03/31/2027 | 75000 | 71505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.625%, 11/30/2027 | 190000 | 177939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.625%, 12/31/2027 | 250000 | 233496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500%, 02/28/2026 | 275000 | 270273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500%, 04/30/2027 | 100000 | 94930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500%, 05/31/2027 | 200000 | 189414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500%, 08/31/2027 | 980000 | 921583 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Short-Term Treasury Ladder ETF** | **Global X Short-Term Treasury Ladder ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **U.S. TREASURY OBLIGATIONS — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500%, 10/31/2027 | $350000 | $327523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.375%, 07/31/2027 | 150000 | 141059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.375%, 09/30/2027 | 300000 | 280711 |
|  |  | 30325016 |
| TOTAL U.S. TREASURY OBLIGATIONS<br> (Cost $30,326,463) |  | 30399139 |
| TOTAL INVESTMENTS — 99.0% <br> (Cost $30,326,463) |  | $30399139 |

---

*Percentages are based on Net Assets of $30,708,681.*

*(A)* *Interest rate represents the security's effective yield at the time of purchase.* 

*As of August 31, 2025, all of the Fund's investments were considered Level 2, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Intermediate-Term Treasury Ladder ETF** | **Global X Intermediate-Term Treasury Ladder ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **U.S. TREASURY OBLIGATIONS — 98.7%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 10/31/2030 | $385000 | $405573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 05/31/2031 | 275000 | 286655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 02/15/2035 | 338000 | 349566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/31/2029 | 385000 | 396640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 12/31/2031 | 275000 | 284732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 11/15/2033 | 375000 | 386689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 08/31/2028 | 330000 | 337296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 12/31/2029 | 14000 | 14396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 11/30/2030 | 125000 | 128774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 05/15/2034 | 410000 | 418008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 01/31/2030 | 385000 | 394069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 02/28/2031 | 100000 | 102410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 11/15/2034 | 225000 | 226477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 10/31/2031 | 220000 | 223360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 02/29/2032 | 275000 | 278814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 03/31/2032 | 275000 | 278706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 11/15/2032 | 6000 | 6067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/31/2029 | 385000 | 389828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/28/2030 | 50000 | 50701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/31/2031 | 60000 | 60713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/30/2032 | 264000 | 265526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/15/2034 | 295000 | 293272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 09/30/2029 | 125000 | 126108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 08/15/2033 | 100000 | 98953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 08/15/2034 | 115000 | 112736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 06/30/2030 | 125000 | 125337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 12/31/2030 | 330000 | 330116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 02/15/2033 | 150000 | 145395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.375%, 05/15/2033 | 345000 | 330674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 06/30/2029 | 100000 | 98652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 11/15/2028 | 100000 | 98574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875%, 05/15/2032 | 100000 | 93930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 08/15/2032 | 100000 | 92848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 03/31/2029 | 125000 | 119849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 01/31/2029 | 100000 | 94090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.625%, 05/15/2031 | 100000 | 89012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.375%, 11/15/2031 | 90000 | 77769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 03/31/2028 | 85000 | 80139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 06/30/2028 | 75000 | 70327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 08/15/2031 | 95000 | 82090 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Intermediate-Term Treasury Ladder ETF** | **Global X Intermediate-Term Treasury Ladder ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **U.S. TREASURY OBLIGATIONS — continued** |  |  |
|  |  | $7844871 |
| TOTAL U.S. TREASURY OBLIGATIONS<br> (Cost $7,840,992) |  | 7844871 |
| TOTAL INVESTMENTS — 98.7%<br> (Cost $7,840,992) |  | $7844871 |

---

*Percentages are based on Net Assets of $7,944,625.*

*As of August 31, 2025, all of the Fund's investments were considered Level 2, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Long-Term Treasury Ladder ETF** | **Global X Long-Term Treasury Ladder ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **U.S. TREASURY OBLIGATIONS — 98.9%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bill |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.298%, 09/02/2025<sup>(A)</sup> | $40000 | $40000 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2037 | 726000 | 771375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2045 | 675000 | 686285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 02/15/2037 | 130000 | 135266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 02/15/2041 | 85000 | 85684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 11/15/2043 | 640000 | 634075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 02/15/2045 | 100000 | 98516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 11/15/2053 | 255000 | 247888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 02/15/2040 | 339000 | 339556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 05/15/2044 | 110000 | 107001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 11/15/2044 | 100000 | 97008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 05/15/2054 | 350000 | 333443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 02/15/2055 | 675000 | 643359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/15/2036 | 330000 | 338456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/15/2038 | 1152000 | 1163880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 08/15/2039 | 365000 | 362405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/15/2044 | 214000 | 205122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 11/15/2054 | 350000 | 326717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 02/15/2038 | 930000 | 927602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 11/15/2039 | 861000 | 841056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 05/15/2040 | 40000 | 38919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 05/15/2041 | 75000 | 72302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 08/15/2043 | 120000 | 113466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 05/15/2039 | 250000 | 242783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 11/15/2040 | 710000 | 677440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 02/15/2054 | 340000 | 304194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 08/15/2054 | 350000 | 313141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 08/15/2044 | 655000 | 595001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 08/15/2053 | 952000 | 833781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/15/2042 | 690000 | 625070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/15/2052 | 230000 | 197387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 08/15/2040 | 100000 | 91598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 02/15/2043 | 200000 | 177711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 05/15/2043 | 200000 | 177297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 08/15/2041 | 30000 | 26737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 11/15/2043 | 164000 | 141995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 08/15/2043 | 140000 | 119405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 02/15/2044 | 132000 | 111963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 02/15/2053 | 315000 | 252135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 05/15/2053 | 295000 | 235873 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Long-Term Treasury Ladder ETF** | **Global X Long-Term Treasury Ladder ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **U.S. TREASURY OBLIGATIONS — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 02/15/2039 | $545000 | $491415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.375%, 08/15/2042 | 119000 | 99253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.375%, 05/15/2044 | 225000 | 183331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.375%, 11/15/2048 | 395000 | 308239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 05/15/2042 | 150000 | 123346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 11/15/2041 | 720000 | 586941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 02/15/2042 | 170000 | 137879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 02/15/2043 | 59000 | 47055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 08/15/2044 | 355000 | 277427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 05/15/2048 | 336000 | 251593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/15/2042 | 250000 | 198301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 11/15/2044 | 220000 | 167844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/15/2045 | 210000 | 159206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 11/15/2045 | 170000 | 128191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/15/2047 | 430000 | 319409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/15/2047 | 320000 | 236962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/15/2048 | 1251000 | 917677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/15/2048 | 360000 | 262716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/15/2049 | 1166000 | 846944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/15/2052 | 1167000 | 825288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875%, 05/15/2043 | 250000 | 191191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875%, 08/15/2045 | 354000 | 261780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875%, 11/15/2046 | 238000 | 173294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875%, 05/15/2049 | 510000 | 360646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875%, 05/15/2052 | 445000 | 306859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 08/15/2042 | 330000 | 250697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 11/15/2042 | 300000 | 226746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 08/15/2047 | 366000 | 257787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 11/15/2047 | 378000 | 265442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 02/15/2045 | 180000 | 125409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 02/15/2046 | 570000 | 390873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 05/15/2046 | 453000 | 309703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 02/15/2042 | 150000 | 108574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 11/15/2049 | 400000 | 253156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 05/15/2051 | 501000 | 311305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 05/15/2041 | 225000 | 163046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 08/15/2046 | 1251000 | 810511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 08/15/2049 | 380000 | 234502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 02/15/2052 | 405000 | 242098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 11/15/2041 | 430000 | 294836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 02/15/2050 | 1265000 | 730241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 08/15/2051 | 985000 | 555909 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Long-Term Treasury Ladder ETF** | **Global X Long-Term Treasury Ladder ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **U.S. TREASURY OBLIGATIONS — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875%, 02/15/2041 | $400000 | $274891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875%, 02/15/2051 | 600000 | 330070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875%, 11/15/2051 | 895000 | 487076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 08/15/2041 | 460000 | 304714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.625%, 11/15/2050 | 1107000 | 571143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.375%, 11/15/2040 | 400000 | 254922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.375%, 08/15/2050 | 1200000 | 579750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 05/15/2050 | 260000 | 122515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.125%, 05/15/2040 | 330000 | 205361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.125%, 08/15/2040 | 300000 | 184687 |
|  |  | 30401643 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 05/15/2035 | 650000 | 652031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 08/15/2035 | 625000 | 626269 |
|  |  | 1278300 |
| TOTAL U.S. TREASURY OBLIGATIONS<br> (Cost $33,035,239) |  | 31719943 |
| TOTAL INVESTMENTS — 98.9%<br> (Cost $33,035,239) |  | $31719943 |

---

*Percentages are based on Net Assets of $32,076,465.*

*(A)* *Interest rate represents the security's effective yield at the time of purchase.* 

*As of August 31, 2025, all of the Fund's investments were considered Level 2, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X PureCap<sup>SM</sup> MSCI Consumer Discretionary ETF** | **Global X PureCap<sup>SM</sup> MSCI Consumer Discretionary ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 93.5%** |  |  |
| **BRAZIL — 1.9%** |  |  |
| Consumer Discretionary — 1.9% |  |  |
| &nbsp;&nbsp;&nbsp;MercadoLibre \* | 68 | $168158 |
| **JERSEY — 0.3%** |  |  |
| Consumer Discretionary — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;APTIV PLC \* | 342 | 27199 |
| **UNITED KINGDOM — 0.9%** |  |  |
| Consumer Discretionary — 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;Flutter Entertainment PLC \* | 261 | 80171 |
| **UNITED STATES — 90.4%** |  |  |
| Consumer Discretionary — 90.4% |  |  |
| &nbsp;&nbsp;&nbsp;Airbnb, Cl A \* | 643 | 83931 |
| &nbsp;&nbsp;&nbsp;Amazon.com \* | 11712 | 2682048 |
| &nbsp;&nbsp;&nbsp;AutoZone \* | 26 | 109162 |
| &nbsp;&nbsp;&nbsp;Best Buy | 296 | 21797 |
| &nbsp;&nbsp;&nbsp;Booking Holdings | 47 | 263155 |
| &nbsp;&nbsp;&nbsp;Burlington Stores \* | 89 | 25871 |
| &nbsp;&nbsp;&nbsp;Carnival \* | 1565 | 49908 |
| &nbsp;&nbsp;&nbsp;Carvana, Cl A \* | 179 | 66574 |
| &nbsp;&nbsp;&nbsp;Chipotle Mexican Grill, Cl A \* | 2016 | 84954 |
| &nbsp;&nbsp;&nbsp;Darden Restaurants | 175 | 36214 |
| &nbsp;&nbsp;&nbsp;Deckers Outdoor \* | 228 | 27276 |
| &nbsp;&nbsp;&nbsp;Dick's Sporting Goods | 80 | 17024 |
| &nbsp;&nbsp;&nbsp;Domino's Pizza | 45 | 20624 |
| &nbsp;&nbsp;&nbsp;DoorDash, Cl A \* | 532 | 130473 |
| &nbsp;&nbsp;&nbsp;DR Horton | 412 | 69826 |
| &nbsp;&nbsp;&nbsp;DraftKings, Cl A \* | 676 | 32434 |
| &nbsp;&nbsp;&nbsp;eBay | 694 | 62883 |
| &nbsp;&nbsp;&nbsp;Expedia Group | 180 | 38664 |
| &nbsp;&nbsp;&nbsp;Ford Motor | 5811 | 68395 |
| &nbsp;&nbsp;&nbsp;Garmin | 241 | 58279 |
| &nbsp;&nbsp;&nbsp;General Motors | 1435 | 84077 |
| &nbsp;&nbsp;&nbsp;Genuine Parts | 206 | 28702 |
| &nbsp;&nbsp;&nbsp;Hilton Worldwide Holdings | 354 | 97725 |
| &nbsp;&nbsp;&nbsp;Home Depot | 1471 | 598359 |
| &nbsp;&nbsp;&nbsp;Hyatt Hotels, Cl A | 66 | 9522 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X PureCap<sup>SM</sup> MSCI Consumer Discretionary ETF** | **Global X PureCap<sup>SM</sup> MSCI Consumer Discretionary ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Consumer Discretionary — continued |  |  |
| &nbsp;&nbsp;&nbsp;Las Vegas Sands | 525 | $30256 |
| &nbsp;&nbsp;&nbsp;Lennar, Cl A | 346 | 46066 |
| &nbsp;&nbsp;&nbsp;Lowe's | 834 | 215222 |
| &nbsp;&nbsp;&nbsp;Lululemon Athletica \* | 166 | 33565 |
| &nbsp;&nbsp;&nbsp;Marriott International, Cl A | 346 | 92680 |
| &nbsp;&nbsp;&nbsp;McDonald's | 1060 | 332352 |
| &nbsp;&nbsp;&nbsp;NIKE, Cl B | 1750 | 135398 |
| &nbsp;&nbsp;&nbsp;NVR \* | 4 | 32471 |
| &nbsp;&nbsp;&nbsp;O'Reilly Automotive \* | 1273 | 131985 |
| &nbsp;&nbsp;&nbsp;Pool | 53 | 16468 |
| &nbsp;&nbsp;&nbsp;PulteGroup | 297 | 39210 |
| &nbsp;&nbsp;&nbsp;Rivian Automotive, Cl A \* | 1168 | 15850 |
| &nbsp;&nbsp;&nbsp;Ross Stores | 490 | 72108 |
| &nbsp;&nbsp;&nbsp;Royal Caribbean Cruises | 381 | 138387 |
| &nbsp;&nbsp;&nbsp;Starbucks | 1686 | 148688 |
| &nbsp;&nbsp;&nbsp;Tapestry | 277 | 28204 |
| &nbsp;&nbsp;&nbsp;Tesla \* | 4298 | 1434973 |
| &nbsp;&nbsp;&nbsp;TJX | 1656 | 226226 |
| &nbsp;&nbsp;&nbsp;Tractor Supply | 795 | 49099 |
| &nbsp;&nbsp;&nbsp;Ulta Beauty \* | 69 | 33998 |
| &nbsp;&nbsp;&nbsp;Williams-Sonoma | 180 | 33874 |
| &nbsp;&nbsp;&nbsp;Yum! Brands | 414 | 60846 |
| TOTAL UNITED STATES |  | 8115803 |
| TOTAL COMMON STOCK<br> (Cost $8,205,634) |  | 8391331 |
|  | **Face Amount** |  |
| **U.S. TREASURY OBLIGATION — 27.8%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bill |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.258%, 09/30/2025<sup>(A)</sup> | $2500000 | 2491746 |
| TOTAL U.S. TREASURY OBLIGATION<br> (Cost $2,491,748) |  | 2491746 |
|  | **Shares** |  |
| **EXCHANGE-TRADED FUNDS — 3.2%** |  |  |
| **Domestic Equity — 3.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Consumer Discretionary Select Sector SPDR Fund | 75 | 17381 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X PureCap<sup>SM</sup> MSCI Consumer Discretionary ETF** | **Global X PureCap<sup>SM</sup> MSCI Consumer Discretionary ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **EXCHANGE-TRADED FUNDS — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Direxion Daily AMZN Bull 2X Shares | 7050 | $272553 |
| TOTAL EXCHANGE-TRADED FUNDS<br> (Cost $295,168) |  | 289934 |
| TOTAL INVESTMENTS — 124.5%<br> (Cost $10,992,550) |  | $11173011 |

---

*Percentages are based on Net Assets of $8,973,959.*

*\** *Non-income producing security.* <br> *(A)* *Interest rate represents the security's effective yield at the time of purchase.*

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*8391331* | $*—* | $*—* | $*8391331* |
| &nbsp;&nbsp;&nbsp;*U.S. Treasury Obligation* | *—* | *2491746* | *—* | *2491746* |
| &nbsp;&nbsp;&nbsp;*Exchange-Traded Funds* | *289934* | *—* | *—* | *289934* |
| *Total Investments in Securities* | $*8681265* | $*2491746* | $*—* | $*11173011* |

---

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X PureCap<sup>SM</sup> MSCI Communication Services ETF** | **Global X PureCap<sup>SM</sup> MSCI Communication Services ETF** |

---

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 83.0%** |  |  |
| **UNITED STATES — 83.0%** |  |  |
| Communication Services — 83.0% |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 4090 | $870802 |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl C | 6901 | 1473570 |
| &nbsp;&nbsp;&nbsp;AT&T | 12652 | 370577 |
| &nbsp;&nbsp;&nbsp;&nbsp;Charter Communications, Cl A \* | 163 | 43290 |
| &nbsp;&nbsp;&nbsp;Comcast, Cl A | 6629 | 225187 |
| &nbsp;&nbsp;&nbsp;Electronic Arts | 433 | 74454 |
| &nbsp;&nbsp;&nbsp;Fox, Cl A | 384 | 22925 |
| &nbsp;&nbsp;&nbsp;Fox, Cl B | 247 | 13474 |
| &nbsp;&nbsp;&nbsp;&nbsp;Liberty Media - Liberty Formula One, Cl C \* | 369 | 36863 |
| &nbsp;&nbsp;&nbsp;&nbsp;Live Nation Entertainment \* | 282 | 46950 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 3661 | 2704381 |
| &nbsp;&nbsp;&nbsp;Netflix \* | 712 | 860274 |
| &nbsp;&nbsp;&nbsp;News, Cl A | 663 | 19499 |
| &nbsp;&nbsp;&nbsp;Omnicom Group | 344 | 26945 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pinterest, Cl A \* | 1047 | 38352 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reddit, Cl A \* | 183 | 41190 |
| &nbsp;&nbsp;&nbsp;&nbsp;ROBLOX, Cl A \* | 998 | 124341 |
| &nbsp;&nbsp;&nbsp;&nbsp;Snap, Cl A \* | 1887 | 13473 |
| &nbsp;&nbsp;&nbsp;&nbsp;Take-Two Interactive Software \* | 314 | 73247 |
| &nbsp;&nbsp;&nbsp;T-Mobile US | 896 | 225783 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trade Desk, Cl A \* | 791 | 43236 |
| &nbsp;&nbsp;&nbsp;Verizon Communications | 7432 | 328717 |
| &nbsp;&nbsp;&nbsp;Walt Disney | 3181 | 376567 |
| &nbsp;&nbsp;&nbsp;&nbsp;Warner Bros Discovery \* | 4142 | 48213 |
| TOTAL UNITED STATES |  | 8102310 |
| TOTAL COMMON STOCK<br> (Cost $8,004,910) |  | 8102310 |
|  | **Face Amount** |  |
| **U.S. TREASURY OBLIGATIONS — 35.7%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.257%, 09/30/2025<sup>(A)</sup> | $3000000 | 2990095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/16/2025<sup>(B)</sup> | 500000 | 497458 |
|  |  | 3487553 |
| TOTAL U.S. TREASURY OBLIGATIONS<br> (Cost $3,487,678) |  | 3487553 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X PureCap<sup>SM</sup> MSCI Communication Services ETF** | **Global X PureCap<sup>SM</sup> MSCI Communication Services ETF** |

---

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **EXCHANGE-TRADED FUNDS — 9.2%** |  |  |
| **Domestic Equity — 9.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Communication Services Select Sector SPDR Fund | 1250 | $139237 |
| &nbsp;&nbsp;&nbsp;Direxion Daily GOOGL Bull 2X Shares | 15275 | 755807 |
| TOTAL EXCHANGE-TRADED FUNDS<br> (Cost $895,914) |  | 895044 |
| TOTAL INVESTMENTS — 127.9%<br> (Cost $12,388,502) |  | $12484907 |

---

*Percentages are based on Net Assets of $9,763,967.*

*\** *Non-income producing security.*

*(A)* *Interest rate represents the security's effective yield at the time of purchase.* 

*(B)* *There is currently no stated interest rate.*

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*8102310* | $*—* | $*—* | $*8102310* |
| &nbsp;&nbsp;&nbsp;*U.S. Treasury Obligations* | *—* | *3487553* | *—* | *3487553* |
| &nbsp;&nbsp;&nbsp;*Exchange-Traded Funds* | *895044* | *—* | *—* | *895044* |
| *Total Investments in Securities* | $*8997354* | $*3487553* | $*—* | $*12484907* |

---

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X PureCap<sup>SM</sup> MSCI Information Technology ETF** | **Global X PureCap<sup>SM</sup> MSCI Information Technology ETF** |

---

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 94.5%** | | |
| **IRELAND — 0.9%** | | |
| Information Technology — 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;Accenture PLC, Cl A | 587 | $152603 |
| **NETHERLANDS — 0.3%** |  |  |
| Information Technology — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;NXP Semiconductors | 239 | 56129 |
| **SWITZERLAND — 0.3%** |  |  |
| Information Technology — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;TE Connectivity PLC | 276 | 56994 |
| **UNITED STATES — 93.0%** |  |  |
| Information Technology — 93.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Adobe \* | 384 | 136973 |
| &nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices \* | 1503 | 244433 |
| &nbsp;&nbsp;&nbsp;&nbsp;Akamai Technologies \* | 136 | 10762 |
| &nbsp;&nbsp;&nbsp;Amphenol, Cl A | 1125 | 122467 |
| &nbsp;&nbsp;&nbsp;Analog Devices | 453 | 113843 |
| &nbsp;&nbsp;&nbsp;Apple | 13710 | 3182639 |
| &nbsp;&nbsp;&nbsp;Applied Materials | 744 | 119605 |
| &nbsp;&nbsp;&nbsp;&nbsp;AppLovin, Cl A \* | 217 | 103854 |
| &nbsp;&nbsp;&nbsp;&nbsp;Arista Networks \* | 998 | 136277 |
| &nbsp;&nbsp;&nbsp;&nbsp;Atlassian, Cl A \* | 155 | 27556 |
| &nbsp;&nbsp;&nbsp;&nbsp;Autodesk \* | 197 | 61996 |
| &nbsp;&nbsp;&nbsp;Bentley Systems, Cl B | 154 | 8570 |
| &nbsp;&nbsp;&nbsp;Broadcom | 3907 | 1161903 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cadence Design Systems \* | 246 | 86206 |
| &nbsp;&nbsp;&nbsp;CDW | 113 | 18618 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 3676 | 253975 |
| &nbsp;&nbsp;&nbsp;Cloudflare, Cl A \* | 286 | 59691 |
| &nbsp;&nbsp;&nbsp;Cognizant Technology Solutions, Cl A | 451 | 32585 |
| &nbsp;&nbsp;&nbsp;Corning | 744 | 49870 |
| &nbsp;&nbsp;&nbsp;&nbsp;Crowdstrike Holdings, Cl A \* | 232 | 98298 |
| &nbsp;&nbsp;&nbsp;&nbsp;Datadog, Cl A \* | 264 | 36084 |
| &nbsp;&nbsp;&nbsp;Dell Technologies, Cl C | 302 | 36889 |
| &nbsp;&nbsp;&nbsp;&nbsp;DocuSign, Cl A \* | 170 | 13032 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dynatrace \* | 276 | 13966 |
| &nbsp;&nbsp;&nbsp;Entegris | 138 | 11556 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X PureCap<sup>SM</sup> MSCI Information Technology ETF** | **Global X PureCap<sup>SM</sup> MSCI Information Technology ETF** |

---

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — continued |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;F5 \* | 52 | $16283 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fair Isaac \* | 30 | 45649 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Solar \* | 97 | 18933 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fortinet \* | 584 | 46002 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gartner \* | 69 | 17332 |
| &nbsp;&nbsp;&nbsp;Gen Digital | 490 | 14798 |
| &nbsp;&nbsp;&nbsp;&nbsp;GoDaddy, Cl A \* | 128 | 18984 |
| &nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise | 1207 | 27242 |
| &nbsp;&nbsp;&nbsp;HP | 851 | 24288 |
| &nbsp;&nbsp;&nbsp;&nbsp;HubSpot \* | 39 | 18844 |
| &nbsp;&nbsp;&nbsp;Intel | 4034 | 98228 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 864 | 210375 |
| &nbsp;&nbsp;&nbsp;Intuit | 250 | 166750 |
| &nbsp;&nbsp;&nbsp;Jabil | 104 | 21302 |
| &nbsp;&nbsp;&nbsp;&nbsp;Keysight Technologies \* | 167 | 27293 |
| &nbsp;&nbsp;&nbsp;KLA | 119 | 103768 |
| &nbsp;&nbsp;&nbsp;Lam Research | 1190 | 119178 |
| &nbsp;&nbsp;&nbsp;Marvell Technology | 781 | 49098 |
| &nbsp;&nbsp;&nbsp;Microchip Technology | 500 | 32500 |
| &nbsp;&nbsp;&nbsp;Micron Technology | 1031 | 122699 |
| &nbsp;&nbsp;&nbsp;Microsoft | 6474 | 3280311 |
| &nbsp;&nbsp;&nbsp;&nbsp;MicroStrategy, Cl A \* | 233 | 77918 |
| &nbsp;&nbsp;&nbsp;&nbsp;MongoDB, Cl A \* | 75 | 23671 |
| &nbsp;&nbsp;&nbsp;Monolithic Power Systems | 38 | 31759 |
| &nbsp;&nbsp;&nbsp;Motorola Solutions | 164 | 77483 |
| &nbsp;&nbsp;&nbsp;NetApp | 187 | 21092 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nutanix, Cl A \* | 233 | 15660 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 22451 | 3910515 |
| &nbsp;&nbsp;&nbsp;&nbsp;Okta, Cl A \* | 156 | 14472 |
| &nbsp;&nbsp;&nbsp;&nbsp;ON Semiconductor \* | 383 | 18993 |
| &nbsp;&nbsp;&nbsp;Oracle | 1557 | 352084 |
| &nbsp;&nbsp;&nbsp;&nbsp;Palantir Technologies, Cl A \* | 2094 | 328151 |
| &nbsp;&nbsp;&nbsp;&nbsp;Palo Alto Networks \* | 611 | 116408 |
| &nbsp;&nbsp;&nbsp;&nbsp;PTC \* | 109 | 23272 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pure Storage, Cl A \* | 291 | 22585 |
| &nbsp;&nbsp;&nbsp;QUALCOMM | 1001 | 160891 |
| &nbsp;&nbsp;&nbsp;Roper Technologies | 104 | 54736 |
| &nbsp;&nbsp;&nbsp;Salesforce | 885 | 226781 |
| &nbsp;&nbsp;&nbsp;&nbsp;Samsara, Cl A \* | 261 | 9433 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X PureCap<sup>SM</sup> MSCI Information Technology ETF** | **Global X PureCap<sup>SM</sup> MSCI Information Technology ETF** |

---

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — continued |  |  |
| &nbsp;&nbsp;&nbsp;Seagate Technology Holdings | 196 | $32810 |
| &nbsp;&nbsp;&nbsp;&nbsp;ServiceNow \* | 189 | 173400 |
| &nbsp;&nbsp;&nbsp;&nbsp;Snowflake, Cl A \* | 302 | 72075 |
| &nbsp;&nbsp;&nbsp;&nbsp;Super Micro Computer \* | 460 | 19108 |
| &nbsp;&nbsp;&nbsp;&nbsp;Synopsys \* | 172 | 103805 |
| &nbsp;&nbsp;&nbsp;&nbsp;Teledyne Technologies \* | 41 | 22065 |
| &nbsp;&nbsp;&nbsp;Teradyne | 151 | 17854 |
| &nbsp;&nbsp;&nbsp;Texas Instruments | 853 | 172715 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trimble \* | 233 | 18831 |
| &nbsp;&nbsp;&nbsp;&nbsp;Twilio, Cl A \* | 134 | 14152 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tyler Technologies \* | 34 | 19138 |
| &nbsp;&nbsp;&nbsp;VeriSign | 82 | 22416 |
| &nbsp;&nbsp;&nbsp;Western Digital | 311 | 24986 |
| &nbsp;&nbsp;&nbsp;&nbsp;Workday, Cl A \* | 197 | 45472 |
| &nbsp;&nbsp;&nbsp;&nbsp;Zebra Technologies, Cl A \* | 40 | 12684 |
| &nbsp;&nbsp;&nbsp;&nbsp;Zoom Video Communications, Cl A \* | 234 | 19052 |
| &nbsp;&nbsp;&nbsp;&nbsp;Zscaler \* | 96 | 26597 |
| TOTAL UNITED STATES |  | 16924569 |
| TOTAL COMMON STOCK<br> (Cost $17,509,312) |  | 17190295 |
|  | **Face Amount** |  |
| **U.S. TREASURY OBLIGATION — 30.1%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.259%, 09/30/2025<sup>(A)</sup> | $5500000 | 5481841 |
| TOTAL U.S. TREASURY OBLIGATION<br> (Cost $5,481,842) |  | 5481841 |
|  | **Shares** |  |
| **EXCHANGE-TRADED FUND — 5.2%** |  |  |
| **Domestic Equity — 5.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Technology Select Sector SPDR Fund | 3600 | 944820 |
| TOTAL EXCHANGE-TRADED FUND<br> (Cost $957,711) |  | 944820 |
| TOTAL INVESTMENTS — 129.8%<br> (Cost $23,948,865) |  | $23616956 |

---

*Percentages are based on Net Assets of $18,198,656.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X PureCap<sup>SM</sup> MSCI Information Technology ETF** | **Global X PureCap<sup>SM</sup> MSCI Information Technology ETF** |

---

------

*\** *Non-income producing security.* <br> *(A)* *Interest rate represents the security's effective yield at the time of purchase.*

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;*Common Stock* | $*17190295* | $*—* | $*—* | $*17190295* |
| &nbsp;&nbsp;&nbsp;&nbsp;*U.S. Treasury Obligation* | *—* | *5481841* | *—* | *5481841* |
| &nbsp;&nbsp;&nbsp;&nbsp;*Exchange-Traded Fund* | *944820* | *—* | *—* | *944820* |
| *Total Investments in Securities* | $*18135115* | $*5481841* | $*—* | $*23616956* |

---

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X PureCap<sup>SM</sup> MSCI Consumer Staples ETF** | **Global X PureCap<sup>SM</sup> MSCI Consumer Staples ETF** |

---

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 97.0%** |  |  |
| **UNITED STATES — 97.0%** |  |  |
| Consumer Staples — 97.0% |  |  |
| &nbsp;&nbsp;&nbsp;Albertsons, Cl A | 637 | $12396 |
| &nbsp;&nbsp;&nbsp;Altria Group | 2880 | 193565 |
| &nbsp;&nbsp;&nbsp;Archer-Daniels-Midland | 821 | 51427 |
| &nbsp;&nbsp;&nbsp;Brown-Forman, Cl B | 310 | 9281 |
| &nbsp;&nbsp;&nbsp;Bunge Global | 233 | 19623 |
| &nbsp;&nbsp;&nbsp;Church & Dwight | 420 | 39127 |
| &nbsp;&nbsp;&nbsp;Clorox | 213 | 25177 |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 6946 | 479205 |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive | 1315 | 110552 |
| &nbsp;&nbsp;&nbsp;Constellation Brands, Cl A | 260 | 42104 |
| &nbsp;&nbsp;&nbsp;Costco Wholesale | 756 | 713150 |
| &nbsp;&nbsp;&nbsp;Dollar General | 376 | 40894 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dollar Tree \* | 347 | 37882 |
| &nbsp;&nbsp;&nbsp;Estee Lauder, Cl A | 399 | 36600 |
| &nbsp;&nbsp;&nbsp;General Mills | 932 | 45976 |
| &nbsp;&nbsp;&nbsp;Hershey | 255 | 46856 |
| &nbsp;&nbsp;&nbsp;Hormel Foods | 516 | 13127 |
| &nbsp;&nbsp;&nbsp;J M Smucker | 181 | 20002 |
| &nbsp;&nbsp;&nbsp;Kellanova | 473 | 37604 |
| &nbsp;&nbsp;&nbsp;Kenvue | 3281 | 67950 |
| &nbsp;&nbsp;&nbsp;Keurig Dr Pepper | 2206 | 64173 |
| &nbsp;&nbsp;&nbsp;Kimberly-Clark | 565 | 72964 |
| &nbsp;&nbsp;&nbsp;Kraft Heinz | 1526 | 42682 |
| &nbsp;&nbsp;&nbsp;Kroger | 1073 | 72792 |
| &nbsp;&nbsp;&nbsp;McCormick | 435 | 30611 |
| &nbsp;&nbsp;&nbsp;Molson Coors Beverage, Cl B | 301 | 15198 |
| &nbsp;&nbsp;&nbsp;Mondelez International, Cl A | 2213 | 135967 |
| &nbsp;&nbsp;&nbsp;&nbsp;Monster Beverage \* | 1248 | 77888 |
| &nbsp;&nbsp;&nbsp;PepsiCo | 2044 | 303841 |
| &nbsp;&nbsp;&nbsp;Philip Morris International | 2642 | 441557 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 3995 | 627375 |
| &nbsp;&nbsp;&nbsp;Sysco | 835 | 67192 |
| &nbsp;&nbsp;&nbsp;Target | 780 | 74864 |
| &nbsp;&nbsp;&nbsp;Tyson Foods, Cl A | 489 | 27765 |

---

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X PureCap<sup>SM</sup> MSCI Consumer Staples ETF** | **Global X PureCap<sup>SM</sup> MSCI Consumer Staples ETF** |

---

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** | | |
| Consumer Staples — continued |  |  |
| &nbsp;&nbsp;&nbsp;Walmart | 7480 | $725410 |
| TOTAL UNITED STATES |  | 4822777 |
| TOTAL COMMON STOCK<br> (Cost $4,848,050) |  | 4822777 |
|  | **Face Amount** |  |
| **U.S. TREASURY OBLIGATION — 28.0%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.258%, 09/30/2025<sup>(A)</sup> | $1400000 | 1395378 |
| TOTAL U.S. TREASURY OBLIGATION<br> (Cost $1,395,378) |  | 1395378 |
|  | **Shares** |  |
| **EXCHANGE TRADED FUND — 2.8%** |  |  |
| **Domestic Equity — 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Consumer Staples Select Sector SPDR Fund | 1740 | 140557 |
| TOTAL EXCHANGE TRADED FUND<br> (Cost $139,874) |  | 140557 |
| TOTAL INVESTMENTS — 127.8%<br> (Cost $6,383,302) |  | $6358712 |

---

*Percentages are based on Net Assets of $4,973,585.*

*\** *Non-income producing security.* <br> *(A)* *Interest rate represents the security's effective yield at the time of purchase.*

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;*Common Stock* | $*4822777* | $*—* | $*—* | $*4822777* |
| &nbsp;&nbsp;&nbsp;&nbsp;*U.S. Treasury Obligation* | *—* | *1395378* | *—* | *1395378* |
| &nbsp;&nbsp;&nbsp;&nbsp;*Exchange Traded Fund* | *140557* | *—* | *—* | *140557* |
| *Total Investments in Securities* | $*4963334* | $*1395378* | $*—* | $*6358712* |

---

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X PureCap<sup>SM</sup> MSCI Energy ETF** | **Global X PureCap<sup>SM</sup> MSCI Energy ETF** |

---

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.4%** |  |  |
| **UNITED STATES — 99.4%** |  |  |
| Energy — 99.4% |  |  |
| &nbsp;&nbsp;&nbsp;Baker Hughes, Cl A | 151 | $6855 |
| &nbsp;&nbsp;&nbsp;Cheniere Energy | 34 | 8222 |
| &nbsp;&nbsp;&nbsp;Chesapeake Energy | 32 | 3097 |
| &nbsp;&nbsp;&nbsp;Chevron | 300 | 48180 |
| &nbsp;&nbsp;&nbsp;ConocoPhillips | 194 | 19200 |
| &nbsp;&nbsp;&nbsp;Coterra Energy | 117 | 2860 |
| &nbsp;&nbsp;&nbsp;Devon Energy | 94 | 3393 |
| &nbsp;&nbsp;&nbsp;Diamondback Energy | 29 | 4314 |
| &nbsp;&nbsp;&nbsp;EOG Resources | 84 | 10485 |
| &nbsp;&nbsp;&nbsp;EQT | 87 | 4510 |
| &nbsp;&nbsp;&nbsp;Exxon Mobil | 663 | 75774 |
| &nbsp;&nbsp;&nbsp;Halliburton | 131 | 2978 |
| &nbsp;&nbsp;&nbsp;Kinder Morgan | 308 | 8310 |
| &nbsp;&nbsp;&nbsp;Marathon Petroleum | 48 | 8626 |
| &nbsp;&nbsp;&nbsp;Occidental Petroleum | 112 | 5332 |
| &nbsp;&nbsp;&nbsp;ONEOK | 96 | 7333 |
| &nbsp;&nbsp;&nbsp;Phillips 66 | 62 | 8282 |
| &nbsp;&nbsp;&nbsp;Schlumberger | 229 | 8436 |
| &nbsp;&nbsp;&nbsp;Targa Resources | 33 | 5536 |
| &nbsp;&nbsp;&nbsp;Texas Pacific Land | 3 | 2801 |
| &nbsp;&nbsp;&nbsp;Valero Energy | 48 | 7297 |
| &nbsp;&nbsp;&nbsp;Williams | 188 | 10881 |
| TOTAL UNITED STATES |  | 262702 |
| TOTAL COMMON STOCK<br> (Cost $250,169) |  | 262702 |
|  | **Face Amount** |  |
| **U.S. TREASURY OBLIGATION — 18.9%** |  |  |
| &nbsp;&nbsp;U.S. Treasury Bill |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.262%, 09/30/2025<sup>(A)</sup> | $50000 | 49835 |
| TOTAL U.S. TREASURY OBLIGATION<br> (Cost $49,835) |  | 49835 |
| TOTAL INVESTMENTS — 118.3%<br> (Cost $300,004) |  | $312537 |

---

*Percentages are based on Net Assets of $264,270.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X PureCap<sup>SM</sup> MSCI Energy ETF** | **Global X PureCap<sup>SM</sup> MSCI Energy ETF** |

---

------

*(A)* *Interest rate represents the security's effective yield at the time of purchase.* 

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;*Common Stock* | $*262702* | $*—* | $*—* | $*262702* |
| &nbsp;&nbsp;&nbsp;&nbsp;*U.S. Treasury Obligation* | *—* | *49835* | *—* | *49835* |
| *Total Investments in Securities* | $*262702* | $*49835* | $*—* | $*312537* |

---

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom1.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Glossary (abbreviations which may be used in the preceding Schedules of Investments):** | **Glossary (abbreviations which may be used in the preceding Schedules of Investments):** |

---

------

**Fund Abbreviations**

Cl — *Class*

CME — *Chicago Mercantile Exchange*

ETF — *Exchange-Traded Fund*

H15T30Y — *U.S. Treasury* 30-Year Constant Maturity Rate

H15T5Y — *U.S. Treasury Yield Curve Rate T Note Constant Maturity 5 Year*

REIT — *Real Estate Investment Trust*

TSFR3M — *Term Secured Overnight Financing Rate 3-Month*

TSOFRR3M — *Term Secured Overnight Financing Rate, 3-Month*

Ser — *Series*

US0003M — *ICE LIBOR USD 3 Month*

USD — *U.S. Dollar*

GLX-QH-005-2700

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Millennial Consumer ETF** | **Global X Millennial Consumer ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.9%** |  |  |
| **SINGAPORE — 4.3%** |  |  |
| Communication Services — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;Grindr \* | 17437 | $272715 |
| Consumer Discretionary — 4.1% |  |  |
| &nbsp;&nbsp;&nbsp;Sea ADR \* | 28045 | 5231514 |
| TOTAL SINGAPORE |  | 5504229 |
| **UNITED STATES — 95.6%** |  |  |
| Communication Services — 19.4% |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 20460 | 4356139 |
| &nbsp;&nbsp;&nbsp;Angi, Cl A \* | 24643 | 436674 |
| &nbsp;&nbsp;&nbsp;Cargurus, Cl A \* | 11714 | 405304 |
| &nbsp;&nbsp;&nbsp;Cars.com \* | 27313 | 356435 |
| &nbsp;&nbsp;&nbsp;Match Group | 18673 | 697250 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 5801 | 4285199 |
| &nbsp;&nbsp;&nbsp;Netflix \* | 3402 | 4110466 |
| &nbsp;&nbsp;&nbsp;Snap, Cl A \* | 107616 | 768378 |
| &nbsp;&nbsp;&nbsp;Spotify Technology \* | 5712 | 3894898 |
| &nbsp;&nbsp;&nbsp;TripAdvisor \* | 27654 | 481733 |
| &nbsp;&nbsp;&nbsp;Vimeo \* | 63710 | 267582 |
| &nbsp;&nbsp;&nbsp;Walt Disney | 36227 | 4288552 |
| &nbsp;&nbsp;&nbsp;Yelp, Cl A \* | 8982 | 284011 |
| &nbsp;&nbsp;&nbsp;ZipRecruiter, Cl A \* | 58194 | 290970 |
|  |  | 24923591 |
| Consumer Discretionary — 44.3% |  |  |
| &nbsp;&nbsp;&nbsp;Airbnb, Cl A \* | 28012 | 3656406 |
| &nbsp;&nbsp;&nbsp;Amazon.com \* | 17347 | 3972463 |
| &nbsp;&nbsp;&nbsp;AutoNation \* | 2927 | 641247 |
| &nbsp;&nbsp;&nbsp;Booking Holdings | 710 | 3975325 |
| &nbsp;&nbsp;&nbsp;Capri Holdings \* | 23641 | 486768 |
| &nbsp;&nbsp;&nbsp;CarMax \* | 11476 | 704053 |
| &nbsp;&nbsp;&nbsp;Carter's | 8967 | 256098 |
| &nbsp;&nbsp;&nbsp;Carvana, Cl A \* | 10032 | 3731101 |
| &nbsp;&nbsp;&nbsp;Chipotle Mexican Grill, Cl A \* | 64386 | 2713226 |
| &nbsp;&nbsp;&nbsp;Columbia Sportswear | 4838 | 269573 |
| &nbsp;&nbsp;&nbsp;Coursera \* | 47828 | 550022 |
| &nbsp;&nbsp;&nbsp;Dick's Sporting Goods | 4200 | 893760 |
| &nbsp;&nbsp;&nbsp;DoorDash, Cl A \* | 17862 | 4380655 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Millennial Consumer ETF** | **Global X Millennial Consumer ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Consumer Discretionary — continued |  |  |
| &nbsp;&nbsp;&nbsp;eBay | 34806 | $3153772 |
| &nbsp;&nbsp;&nbsp;Etsy \* | 7973 | 422649 |
| &nbsp;&nbsp;&nbsp;Expedia Group | 9207 | 1977664 |
| &nbsp;&nbsp;&nbsp;Graham Holdings, Cl B | 335 | 363827 |
| &nbsp;&nbsp;&nbsp;Home Depot | 8831 | 3592186 |
| &nbsp;&nbsp;&nbsp;Laureate Education, Cl A \* | 16087 | 442071 |
| &nbsp;&nbsp;&nbsp;Life Time Group Holdings \* | 15628 | 436334 |
| &nbsp;&nbsp;&nbsp;Lowe's | 13985 | 3608969 |
| &nbsp;&nbsp;&nbsp;Lululemon Athletica \* | 8629 | 1744784 |
| &nbsp;&nbsp;&nbsp;NIKE, Cl B | 55574 | 4299760 |
| &nbsp;&nbsp;&nbsp;Peloton Interactive, Cl A \* | 59018 | 448537 |
| &nbsp;&nbsp;&nbsp;Perdoceo Education | 11808 | 386594 |
| &nbsp;&nbsp;&nbsp;Planet Fitness, Cl A \* | 6268 | 656886 |
| &nbsp;&nbsp;&nbsp;Skechers USA, Cl A \* | 9694 | 611498 |
| &nbsp;&nbsp;&nbsp;Starbucks | 37152 | 3276435 |
| &nbsp;&nbsp;&nbsp;Strategic Education | 3826 | 311245 |
| &nbsp;&nbsp;&nbsp;Stride \* | 3244 | 529388 |
| &nbsp;&nbsp;&nbsp;Sweetgreen, Cl A \* | 15166 | 138011 |
| &nbsp;&nbsp;&nbsp;Torrid Holdings \* | 64295 | 140163 |
| &nbsp;&nbsp;&nbsp;Under Armour, Cl A \* | 59738 | 298690 |
| &nbsp;&nbsp;&nbsp;Urban Outfitters \* | 6898 | 462718 |
| &nbsp;&nbsp;&nbsp;VF | 30296 | 458378 |
| &nbsp;&nbsp;&nbsp;Victoria's Secret \* | 17541 | 403794 |
| &nbsp;&nbsp;&nbsp;Wayfair, Cl A \* | 12224 | 911910 |
| &nbsp;&nbsp;&nbsp;Williams-Sonoma | 9220 | 1735112 |
|  |  | 57042072 |
| Consumer Staples — 5.0% |  |  |
| &nbsp;&nbsp;&nbsp;Celsius Holdings \* | 19228 | 1209057 |
| &nbsp;&nbsp;&nbsp;Costco Wholesale | 3256 | 3071450 |
| &nbsp;&nbsp;&nbsp;Maplebear \* | 19748 | 856471 |
| &nbsp;&nbsp;&nbsp;Natural Grocers by Vitamin Cottage | 6819 | 262190 |
| &nbsp;&nbsp;&nbsp;Sprouts Farmers Market \* | 7320 | 1028753 |
|  |  | 6427921 |
| Financials — 9.8% |  |  |
| &nbsp;&nbsp;&nbsp;Block, Cl A \* | 41784 | 3327678 |
| &nbsp;&nbsp;&nbsp;Fiserv \* | 15138 | 2091769 |
| &nbsp;&nbsp;&nbsp;LendingClub \* | 34468 | 592160 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Millennial Consumer ETF** | **Global X Millennial Consumer ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Financials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Nelnet, Cl A | 2913 | $374641 |
| &nbsp;&nbsp;&nbsp;PayPal Holdings \* | 51569 | 3619628 |
| &nbsp;&nbsp;&nbsp;SLM | 15678 | 490408 |
| &nbsp;&nbsp;&nbsp;SoFi Technologies \* | 81831 | 2089964 |
|  |  | 12586248 |
| Health Care — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Hims & Hers Health \* | 15932 | 674720 |
| Industrials — 4.3% |  |  |
| &nbsp;&nbsp;&nbsp;Avis Budget Group \* | 4695 | 742890 |
| &nbsp;&nbsp;&nbsp;Lyft, Cl A \* | 30487 | 494499 |
| &nbsp;&nbsp;&nbsp;Uber Technologies \* | 45498 | 4265438 |
|  |  | 5502827 |
| Information Technology — 5.9% |  |  |
| &nbsp;&nbsp;&nbsp;Apple | 17172 | 3986308 |
| &nbsp;&nbsp;&nbsp;Intuit | 5442 | 3629814 |
|  |  | 7616122 |
| Real Estate — 6.4% |  |  |
| &nbsp;&nbsp;&nbsp;AvalonBay Communities <sup>‡</sup> | 10633 | 2082473 |
| &nbsp;&nbsp;&nbsp;Camden Property Trust <sup>‡</sup> | 7966 | 892033 |
| &nbsp;&nbsp;&nbsp;Centerspace <sup>‡</sup> | 5249 | 312315 |
| &nbsp;&nbsp;&nbsp;Equity Residential <sup>‡</sup> | 28358 | 1875031 |
| &nbsp;&nbsp;&nbsp;Independence Realty Trust <sup>‡</sup> | 17205 | 311582 |
| &nbsp;&nbsp;&nbsp;Invitation Homes <sup>‡</sup> | 45762 | 1431893 |
| &nbsp;&nbsp;&nbsp;UDR <sup>‡</sup> | 24721 | 978210 |
| &nbsp;&nbsp;&nbsp;Zillow Group, Cl A \* | 4939 | 402430 |
|  |  | 8285967 |
| TOTAL UNITED STATES |  | 123059468 |
| TOTAL COMMON STOCK<br> (Cost $121,633,741) |  | 128563697 |
| TOTAL INVESTMENTS — 99.9%<br> (Cost $121,633,741) |  | $128563697 |

---

*Percentages are based on Net Assets of $128,690,969.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Millennial Consumer ETF** | **Global X Millennial Consumer ETF** |

---

*\** *Non-income producing security.* <br> *‡* *Real Estate Investment Trust*

 

*As of August 31, 2025, all of the Fund's investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

 

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

 

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Aging Population ETF** | **Global X Aging Population ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.7%** |  |  |
| **AUSTRALIA — 1.0%** |  |  |
| Health Care — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Cochlear | 3201 | $631765 |
| **BELGIUM — 4.1%** |  |  |
| Health Care — 3.8% |  |  |
| &nbsp;&nbsp;&nbsp;UCB | 10428 | 2439352 |
| Real Estate — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Aedifica ‡ | 2514 | 193183 |
| TOTAL BELGIUM |  | 2632535 |
| **CANADA — 0.6%** |  |  |
| Health Care — 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;Chartwell Retirement Residences, Cl Trust Units | 14721 | 198574 |
| &nbsp;&nbsp;&nbsp;Sienna Senior Living | 14797 | 191409 |
| TOTAL CANADA |  | 389983 |
| **CHINA — 6.0%** |  |  |
| Health Care — 6.0% |  |  |
| &nbsp;&nbsp;&nbsp;AK Medical Holdings | 219889 | 157953 |
| &nbsp;&nbsp;&nbsp;BeOne Medicines ADR \* | 4819 | 1474855 |
| &nbsp;&nbsp;&nbsp;Hansoh Pharmaceutical Group | 290443 | 1341965 |
| &nbsp;&nbsp;&nbsp;Lifetech Scientific \* | 960792 | 240326 |
| &nbsp;&nbsp;&nbsp;Luye Pharma Group \* | 709524 | 327647 |
| &nbsp;&nbsp;&nbsp;Microport Scientific \* | 193202 | 300118 |
| TOTAL CHINA |  | 3842864 |
| **DENMARK — 4.5%** |  |  |
| Consumer Discretionary — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;GN Store Nord \* | 12430 | 225318 |
| Health Care — 4.2% |  |  |
| &nbsp;&nbsp;&nbsp;Demant \* | 10423 | 398794 |
| &nbsp;&nbsp;&nbsp;Genmab \* | 3233 | 805050 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Aging Population ETF** | **Global X Aging Population ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Health Care — continued |  |  |
| &nbsp;&nbsp;&nbsp;Novo Nordisk, Cl B | 26340 | $1481954 |
|  |  | 2685798 |
| TOTAL DENMARK |  | 2911116 |
| **FRANCE — 0.3%** |  |  |
| Health Care — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Clariane \* | 38700 | 193876 |
| **GERMANY — 1.1%** |  |  |
| Health Care — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;Fresenius Medical Care | 14318 | 733883 |
| **ITALY — 0.3%** |  |  |
| Health Care — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Amplifon | 10925 | 199040 |
| **JAPAN — 6.4%** |  |  |
| Health Care — 6.4% |  |  |
| &nbsp;&nbsp;&nbsp;Astellas Pharma | 88758 | 979315 |
| &nbsp;&nbsp;&nbsp;Chugai Pharmaceutical | 37603 | 1667005 |
| &nbsp;&nbsp;&nbsp;Nipro | 18583 | 190418 |
| &nbsp;&nbsp;&nbsp;Terumo | 72553 | 1316158 |
| TOTAL JAPAN |  | 4152896 |
| **NEW ZEALAND — 0.3%** |  |  |
| Health Care — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Ryman Healthcare \* | 117834 | 166172 |
| **SOUTH KOREA — 2.2%** |  |  |
| Health Care — 2.2% |  |  |
| &nbsp;&nbsp;&nbsp;Celltrion | 10777 | 1299209 |
| &nbsp;&nbsp;&nbsp;Dentium | 3377 | 139671 |
| TOTAL SOUTH KOREA |  | 1438880 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Aging Population ETF** | **Global X Aging Population ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| **SPAIN — 0.3%** |  |  |
| Health Care — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Pharma Mar | 2026 | $192796 |
| **SWEDEN — 0.3%** |  |  |
| Health Care — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Elekta, Cl B | 35090 | 174374 |
| **SWITZERLAND — 5.3%** |  |  |
| Health Care — 5.3% |  |  |
| &nbsp;&nbsp;&nbsp;Sandoz Group | 21594 | 1355554 |
| &nbsp;&nbsp;&nbsp;Sonova Holding | 2915 | 849638 |
| &nbsp;&nbsp;&nbsp;Straumann Holding | 7824 | 918650 |
| &nbsp;&nbsp;&nbsp;Ypsomed Holding | 668 | 327709 |
| TOTAL SWITZERLAND |  | 3451551 |
| **UNITED KINGDOM — 4.4%** |  |  |
| Health Care — 4.4% |  |  |
| &nbsp;&nbsp;&nbsp;AstraZeneca PLC ADR | 25752 | 2057585 |
| &nbsp;&nbsp;&nbsp;Smith & Nephew PLC | 42668 | 797247 |
| TOTAL UNITED KINGDOM |  | 2854832 |
| **UNITED STATES — 62.6%** |  |  |
| Health Care — 55.3% |  |  |
| &nbsp;&nbsp;&nbsp;AbbVie | 9514 | 2001745 |
| &nbsp;&nbsp;&nbsp;ACADIA Pharmaceuticals \* | 11826 | 307358 |
| &nbsp;&nbsp;&nbsp;agilon health \* | 30385 | 38893 |
| &nbsp;&nbsp;&nbsp;Agios Pharmaceuticals \* | 6794 | 256202 |
| &nbsp;&nbsp;&nbsp;Alcon | 19661 | 1566384 |
| &nbsp;&nbsp;&nbsp;Alphatec Holdings \* | 17679 | 281096 |
| &nbsp;&nbsp;&nbsp;Amgen | 5963 | 1715615 |
| &nbsp;&nbsp;&nbsp;Boston Scientific \* | 18438 | 1945209 |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 31487 | 1485557 |
| &nbsp;&nbsp;&nbsp;Brookdale Senior Living \* | 32039 | 246700 |
| &nbsp;&nbsp;&nbsp;CG oncology \* | 10693 | 286786 |
| &nbsp;&nbsp;&nbsp;DaVita \* | 3887 | 535473 |
| &nbsp;&nbsp;&nbsp;Denali Therapeutics \* | 14325 | 218743 |
| &nbsp;&nbsp;&nbsp;Dexcom \* | 19143 | 1442234 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Aging Population ETF** | **Global X Aging Population ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Health Care — continued |  |  |
| &nbsp;&nbsp;&nbsp;Edwards Lifesciences \* | 24918 | $2026830 |
| &nbsp;&nbsp;&nbsp;Eli Lilly | 2301 | 1685666 |
| &nbsp;&nbsp;&nbsp;Embecta | 14481 | 209685 |
| &nbsp;&nbsp;&nbsp;Ensign Group | 2785 | 478407 |
| &nbsp;&nbsp;&nbsp;Exact Sciences \* | 9028 | 428108 |
| &nbsp;&nbsp;&nbsp;Exelixis \* | 13600 | 508912 |
| &nbsp;&nbsp;&nbsp;Glaukos \* | 2717 | 260343 |
| &nbsp;&nbsp;&nbsp;Halozyme Therapeutics \* | 6022 | 440509 |
| &nbsp;&nbsp;&nbsp;Incyte \* | 9411 | 796265 |
| &nbsp;&nbsp;&nbsp;Insulet \* | 3420 | 1162390 |
| &nbsp;&nbsp;&nbsp;Integer Holdings \* | 1634 | 176259 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 11141 | 1973851 |
| &nbsp;&nbsp;&nbsp;LivaNova PLC \* | 4924 | 277566 |
| &nbsp;&nbsp;&nbsp;MannKind \* | 35239 | 161747 |
| &nbsp;&nbsp;&nbsp;Medtronic PLC | 20410 | 1894252 |
| &nbsp;&nbsp;&nbsp;Merck | 21167 | 1780568 |
| &nbsp;&nbsp;&nbsp;Merit Medical Systems \* | 2842 | 257315 |
| &nbsp;&nbsp;&nbsp;National HealthCare | 1830 | 207668 |
| &nbsp;&nbsp;&nbsp;Neurocrine Biosciences \* | 4846 | 676502 |
| &nbsp;&nbsp;&nbsp;Novocure \* | 10717 | 132141 |
| &nbsp;&nbsp;&nbsp;Regeneron Pharmaceuticals | 3001 | 1742681 |
| &nbsp;&nbsp;&nbsp;Roche Holding | 5409 | 1856139 |
| &nbsp;&nbsp;&nbsp;Stryker | 4954 | 1939045 |
| &nbsp;&nbsp;&nbsp;Teleflex | 2164 | 273551 |
| &nbsp;&nbsp;&nbsp;Theravance Biopharma \* | 20034 | 278072 |
| &nbsp;&nbsp;&nbsp;United Therapeutics \* | 2191 | 667729 |
| &nbsp;&nbsp;&nbsp;Zimmer Biomet Holdings | 9715 | 1030761 |
|  |  | 35650957 |
| Real Estate — 7.3% |  |  |
| &nbsp;&nbsp;&nbsp;LTC Properties <sup>‡</sup> | 5012 | 182938 |
| &nbsp;&nbsp;&nbsp;National Health Investors <sup>‡</sup> | 2422 | 189619 |
| &nbsp;&nbsp;&nbsp;Omega Healthcare Investors <sup>‡</sup> | 13697 | 583081 |
| &nbsp;&nbsp;&nbsp;Sabra Health Care REIT <sup>‡</sup> | 11455 | 218905 |
| &nbsp;&nbsp;&nbsp;Ventas <sup>‡</sup> | 21368 | 1454734 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Aging Population ETF** | **Global X Aging Population ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Real Estate — continued |  |  |
| &nbsp;&nbsp;&nbsp;Welltower <sup>‡</sup> | 12244 | $2060420 |
|  |  | 4689697 |
| TOTAL UNITED STATES |  | 40340654 |
| TOTAL COMMON STOCK<br> (Cost $60,776,671) |  | 64307217 |
| TOTAL INVESTMENTS — 99.7%<br> (Cost $60,776,671) |  | $64307217 |

---

*Percentages are based on Net Assets of $64,469,759.*

 

*\** *Non-income producing security.* <br> *‡* *Real Estate Investment Trust*

 

*As of August 31, 2025, all of the Fund's investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

 

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

 

*See "Glossary" for abbreviations.*

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Robotics & Artificial Intelligence ETF** | **Global X Robotics & Artificial Intelligence ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.7%** |  |  |
| **CANADA — 1.1%** |  |  |
| Industrials — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;ATS \* | 1101272 | $30496640 |
| **CHINA — 5.9%** |  |  |
| Consumer Discretionary — 2.1% |  |  |
| &nbsp;&nbsp;&nbsp;Hesai Group ADR <sup>\*(A)</sup> | 1100654 | 28363853 |
| &nbsp;&nbsp;&nbsp;WeRide ADR <sup>\*(A)</sup> | 2900714 | 27150683 |
| &nbsp;&nbsp;&nbsp;Zhixing Automotive Technology Suzhou <sup>\*(A)</sup> | 2459317 | 4160982 |
|  |  | 59675518 |
| Health Care — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Shanghai MicroPort MedBot Group <sup>\*(A)</sup> | 11312000 | 29484898 |
| Industrials — 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;UBTech Robotics <sup>\*(A)</sup> | 3722727 | 45699311 |
| Information Technology — 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;AInnovation Technology Group, Cl H <sup>\*(A)</sup> | 6408600 | 6765494 |
| &nbsp;&nbsp;&nbsp;RoboSense Technology <sup>\*(A)</sup> | 5216200 | 26804130 |
|  |  | 33569624 |
| TOTAL CHINA |  | 168429351 |
| **FINLAND — 2.4%** |  |  |
| Industrials — 2.4% |  |  |
| &nbsp;&nbsp;&nbsp;Hiab, Cl B | 623460 | 41085280 |
| &nbsp;&nbsp;&nbsp;Kalmar, Cl B | 619107 | 28493676 |
| TOTAL FINLAND |  | 69578956 |
| **JAPAN — 27.5%** |  |  |
| Industrials — 18.1% |  |  |
| &nbsp;&nbsp;&nbsp;Daifuku | 4321311 | 138240748 |
| &nbsp;&nbsp;&nbsp;FANUC | 7235632 | 205894572 |
| &nbsp;&nbsp;&nbsp;Hirata | 367928 | 4585787 |
| &nbsp;&nbsp;&nbsp;Shibaura Machine | 282565 | 8034796 |
| &nbsp;&nbsp;&nbsp;SMC | 319710 | 99293553 |
| &nbsp;&nbsp;&nbsp;Yaskawa Electric <sup>(A)</sup> | 3034144 | 61127178 |
|  |  | 517176634 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Robotics & Artificial Intelligence ETF** | **Global X Robotics & Artificial Intelligence ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — 9.4% |  |  |
| &nbsp;&nbsp;&nbsp;Keyence | 512246 | $198095201 |
| &nbsp;&nbsp;&nbsp;Omron | 2346440 | 60600718 |
| &nbsp;&nbsp;&nbsp;PKSHA Technology <sup>\*(A)</sup> | 363446 | 9084603 |
|  |  | 267780522 |
| TOTAL JAPAN |  | 784957156 |
| **NORWAY — 1.1%** |  |  |
| Industrials — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;AutoStore Holdings \* | 38848329 | 32613813 |
| **SOUTH KOREA — 3.1%** |  |  |
| Health Care — 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;Angel Robotics \* | 170763 | 2603974 |
| Industrials — 2.7% |  |  |
| &nbsp;&nbsp;&nbsp;Doosan Robotics \* | 730838 | 32855512 |
| &nbsp;&nbsp;&nbsp;Rainbow Robotics \* | 218730 | 43030142 |
|  |  | 75885654 |
| Information Technology — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Robotis \* | 149496 | 9774635 |
| TOTAL SOUTH KOREA |  | 88264263 |
| **SWITZERLAND — 10.1%** |  |  |
| Health Care — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;Tecan Group | 145211 | 30003549 |
| Industrials — 9.0% |  |  |
| &nbsp;&nbsp;&nbsp;ABB | 3824843 | 256952096 |
| TOTAL SWITZERLAND |  | 286955645 |
| **UNITED KINGDOM — 1.3%** |  |  |
| Information Technology — 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;Renishaw PLC | 823688 | 35944611 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Robotics & Artificial Intelligence ETF** | **Global X Robotics & Artificial Intelligence ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| **UNITED STATES — 47.2%** |  |  |
| Consumer Discretionary — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;iRobot <sup>\*(A)</sup> | 350765 | $1189093 |
| &nbsp;&nbsp;&nbsp;Serve Robotics <sup>\*(A)</sup> | 549774 | 6102492 |
|  |  | 7291585 |
| Energy — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Helix Energy Solutions Group \* | 1708762 | 11260742 |
| Financials — 2.7% |  |  |
| &nbsp;&nbsp;&nbsp;Upstart Holdings <sup>\*(A)</sup> | 1060928 | 77744804 |
| Health Care — 8.0% |  |  |
| &nbsp;&nbsp;&nbsp;Intuitive Surgical \* | 392116 | 185586542 |
| &nbsp;&nbsp;&nbsp;Omnicell \* | 529372 | 17252233 |
| &nbsp;&nbsp;&nbsp;PROCEPT BioRobotics \* | 620627 | 24930587 |
|  |  | 227769362 |
| Industrials — 7.8% |  |  |
| &nbsp;&nbsp;&nbsp;AeroVironment \* | 319475 | 77105291 |
| &nbsp;&nbsp;&nbsp;JBT Marel | 587359 | 84162671 |
| &nbsp;&nbsp;&nbsp;Richtech Robotics, Cl B <sup>\*(A)</sup> | 854812 | 2602903 |
| &nbsp;&nbsp;&nbsp;Symbotic, Cl A <sup>\*(A)</sup> | 1219359 | 57834197 |
|  |  | 221705062 |
| Information Technology — 28.0% |  |  |
| &nbsp;&nbsp;&nbsp;Appian, Cl A \* | 485616 | 14947260 |
| &nbsp;&nbsp;&nbsp;C3.ai, Cl A <sup>\*(A)</sup> | 1421566 | 24038681 |
| &nbsp;&nbsp;&nbsp;Cerence \* | 490384 | 5163744 |
| &nbsp;&nbsp;&nbsp;Cognex | 1923085 | 84500355 |
| &nbsp;&nbsp;&nbsp;Dynatrace \* | 2216976 | 112178986 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 1909883 | 332663421 |
| &nbsp;&nbsp;&nbsp;Pegasystems | 1944969 | 105436769 |
| &nbsp;&nbsp;&nbsp;PROS Holdings \* | 538514 | 8346967 |
| &nbsp;&nbsp;&nbsp;SoundHound AI, Cl A <sup>\*(A)</sup> | 4084298 | 53177560 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Robotics & Artificial Intelligence ETF** | **Global X Robotics & Artificial Intelligence ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — continued |  |  |
| &nbsp;&nbsp;&nbsp;UiPath, Cl A \* | 5288659 | $58809888 |
|  |  | 799263631 |
| TOTAL UNITED STATES |  | 1345035186 |
| TOTAL COMMON STOCK<br> (Cost $2,751,093,061) |  | 2842275621 |
|  | **Face Amount** |  |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — 6.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC <br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $41,894,274 (collateralized by various U.S. Treasury Obligations, ranging in par value $2,350 - $7,409,354, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $42,552,076) | $41873895 | 41873895 |
| &nbsp;&nbsp;&nbsp;Daiwa Capital Markets America, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $39,380,442 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $2,758 - $8,203,733, 2.000% - 7.500%, 04/23/2027 - 07/20/2065, with a total market value of $39,979,264) | 39361461 | 39361461 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $660,044 (collateralized by various U.S. Treasury Obligations, ranging in par value $528 - $250,234, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $672,798) | 659727 | 659727 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Robotics & Artificial Intelligence ETF** | **Global X Robotics & Artificial Intelligence ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $4,930,867 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $905,117 - $4,266,022, 3.000% - 5.000%, 12/31/2026 - 10/20/2052, with a total market value of $4,991,995) | $4928490 | $4928490 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $34,449,575 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $4,435 - $13,616,432, 2.000% - 6.500%, 06/01/2028 - 06/01/2064, with a total market value of $35,000,937) | 34432971 | 34432971 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $5,430,454 (collateralized by various a U.S. Treasury Obligation, par value $5,311,455, 4.500%, 12/31/2031, with a total market value of $5,497,430) | 5427843 | 5427843 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $17,268,708 (collateralized by various U.S. Government Obligations, ranging in par value $6,904 - $3,452,077, 1.500% - 7.000%, 02/01/2032 - 03/01/2055, with a total market value of $17,545,875) | 17260385 | 17260385 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $4,606,558 (collateralized by various U.S. Treasury Obligations, ranging in par value $104,482 - $1,286,995, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $4,659,320) | 4604343 | 4604343 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Robotics & Artificial Intelligence ETF** | **Global X Robotics & Artificial Intelligence ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;RBC Dominion Securities, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $29,651,932 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $2,228 - $5,347,592, 0.000% - 7.000%, 09/11/2025 - 08/15/2055, with a total market value of $30,074,162) | $29637673 | $29637673 |
| TOTAL REPURCHASE AGREEMENTS<br> (Cost $178,186,788) |  | 178186788 |
| TOTAL INVESTMENTS — 105.9%<br> (Cost $2,929,279,849) |  | $3020462409 |

---

*Percentages are based on Net Assets of $2,852,698,479.*

*A list of the open futures contracts held by the Fund at August 31, 2025, is as follows:*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| ***Type of Contract*** | ***Number of<br> Contracts*** | ***Expiration<br> Date*** | ***Notional Amount*** | ***Value*** | ***Unrealized<br> Appreciation*** |
| *Long Contracts* |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;*E-mini NASDAQ 100 Index.* | *23* | *Sep-2025* | $*10059821* | $*10792405* | $*732585* |

---

*\** *Non-income producing security.*

*(A)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $240,255,396.*

*(B)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $178,186,788. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $70,695,073.*

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Robotics & Artificial Intelligence ETF** | **Global X Robotics & Artificial Intelligence ETF** |

---

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments and other financial instruments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*2842275621* | $*—* | $*—* | $*2842275621* |
| &nbsp;&nbsp;&nbsp;*Repurchase Agreements* | *—* | *178186788* | *—* | *178186788* |
| *Total Investments in Securities* | $*2842275621* | $*178186788* | $*—* | $*3020462409* |
| *Other Financial Instruments* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Futures Contracts\** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Unrealized Appreciation* | $*732585* | $*—* | $*—* | $*732585* |
| *Total Other Financial Instruments* | $*732585* | $*—* | $*—* | $*732585* |

---

*\** *Futures contracts are valued at the unrealized appreciation on the instrument.*

 

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X FinTech ETF** | **Global X FinTech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.9%** |  |  |
| **AUSTRALIA — 2.1%** |  |  |
| Financials — 1.9% |  |  |
| &nbsp;&nbsp;&nbsp;HUB24 | 50074 | $3574279 |
| &nbsp;&nbsp;&nbsp;Zip \* | 803111 | 2239216 |
|  |  | 5813495 |
| Information Technology — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;IRESS | 114551 | 653772 |
| TOTAL AUSTRALIA |  | 6467267 |
| **BRAZIL — 1.3%** |  |  |
| Financials — 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;Pagseguro Digital, Cl A | 128936 | 1155267 |
| &nbsp;&nbsp;&nbsp;StoneCo, Cl A \* | 171681 | 2827586 |
| TOTAL BRAZIL |  | 3982853 |
| **CANADA — 0.7%** |  |  |
| Information Technology — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Bitfarms <sup>\*(A)</sup> | 273022 | 365850 |
| &nbsp;&nbsp;&nbsp;Hut 8 <sup>\*(A)</sup> | 63507 | 1697128 |
| TOTAL CANADA |  | 2062978 |
| **CHINA — 1.1%** |  |  |
| Financials — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Lufax Holding ADR \* | 535251 | 1573638 |
| &nbsp;&nbsp;&nbsp;OSL Group \* | 385800 | 837335 |
| &nbsp;&nbsp;&nbsp;Yeahka <sup>\*(A)</sup> | 283400 | 432597 |
|  |  | 2843570 |
| Information Technology — 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;Linklogis, Cl B <sup>(A)</sup> | 1208800 | 403148 |
| TOTAL CHINA |  | 3246718 |
| **GERMANY — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Financials — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;Hypoport \* | 4211 | 703854 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X FinTech ETF** | **Global X FinTech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| **ISRAEL — 0.5%** |  |  |
| Information Technology — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Sapiens International | 34351 | $1473658 |
| **ITALY — 1.6%** |  |  |
| Financials — 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;Nexi | 761609 | 4833490 |
| **NETHERLANDS — 4.8%** |  |  |
| Financials — 4.8% |  |  |
| &nbsp;&nbsp;&nbsp;Adyen \* | 8731 | 14658972 |
| **NEW ZEALAND — 3.3%** |  |  |
| Information Technology — 3.3% |  |  |
| &nbsp;&nbsp;&nbsp;Xero \* | 94789 | 10149051 |
| **SOUTH KOREA — 1.2%** |  |  |
| Financials — 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Kakaopay \* | 82848 | 3563611 |
| **SWITZERLAND — 1.4%** |  |  |
| Information Technology — 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;Temenos | 46513 | 4138758 |
| **TAIWAN — 0.3%** |  |  |
| Financials — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Line Pay \* | 44000 | 882317 |
| **UNITED KINGDOM — 3.0%** |  |  |
| Financials — 3.0% |  |  |
| &nbsp;&nbsp;&nbsp;Wise PLC, Cl A \* | 635591 | 9050798 |
| **UNITED STATES — 78.0%** |  |  |
| Financials — 55.0% |  |  |
| &nbsp;&nbsp;&nbsp;Affirm Holdings, Cl A \* | 173252 | 15325872 |
| &nbsp;&nbsp;&nbsp;Block, Cl A \* | 197116 | 15698318 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X FinTech ETF** | **Global X FinTech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Financials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Cantaloupe \* | 44671 | $485574 |
| &nbsp;&nbsp;&nbsp;Coinbase Global, Cl A \* | 73412 | 22356890 |
| &nbsp;&nbsp;&nbsp;Fidelity National Information Services | 223301 | 15588643 |
| &nbsp;&nbsp;&nbsp;Fiserv \* | 71476 | 9876554 |
| &nbsp;&nbsp;&nbsp;Flywire \* | 74938 | 985435 |
| &nbsp;&nbsp;&nbsp;Galaxy Digital Holdings <sup>\*(A)</sup> | 76995 | 1810261 |
| &nbsp;&nbsp;&nbsp;Global Payments | 117735 | 10457223 |
| &nbsp;&nbsp;&nbsp;Jack Henry & Associates | 45215 | 7381801 |
| &nbsp;&nbsp;&nbsp;Lemonade <sup>\*(A)</sup> | 44943 | 2377485 |
| &nbsp;&nbsp;&nbsp;LendingClub \* | 69802 | 1199198 |
| &nbsp;&nbsp;&nbsp;LendingTree \* | 8201 | 557258 |
| &nbsp;&nbsp;&nbsp;Open Lending, Cl A \* | 72938 | 153899 |
| &nbsp;&nbsp;&nbsp;Paymentus Holdings, Cl A \* | 15048 | 585819 |
| &nbsp;&nbsp;&nbsp;Payoneer Global \* | 222205 | 1544325 |
| &nbsp;&nbsp;&nbsp;PayPal Holdings \* | 230900 | 16206871 |
| &nbsp;&nbsp;&nbsp;Paysafe \* | 37375 | 527361 |
| &nbsp;&nbsp;&nbsp;Sezzle <sup>\*(A)</sup> | 20820 | 1969572 |
| &nbsp;&nbsp;&nbsp;Shift4 Payments, Cl A <sup>\*(A)</sup> | 41926 | 3791368 |
| &nbsp;&nbsp;&nbsp;SoFi Technologies \* | 680272 | 17374147 |
| &nbsp;&nbsp;&nbsp;Toast, Cl A \* | 306476 | 13822067 |
| &nbsp;&nbsp;&nbsp;Upstart Holdings <sup>\*(A)</sup> | 57947 | 4246356 |
| &nbsp;&nbsp;&nbsp;Virtu Financial, Cl A | 53526 | 2243810 |
|  |  | 166566107 |
| Health Care — 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;HealthEquity \* | 53780 | 4804167 |
| Industrials — 4.1% |  |  |
| &nbsp;&nbsp;&nbsp;SS&C Technologies Holdings | 139381 | 12357520 |
| Information Technology — 17.3% |  |  |
| &nbsp;&nbsp;&nbsp;ACI Worldwide \* | 65157 | 3215498 |
| &nbsp;&nbsp;&nbsp;BILL Holdings \* | 63024 | 2925574 |
| &nbsp;&nbsp;&nbsp;Blend Labs, Cl A \* | 154941 | 560886 |
| &nbsp;&nbsp;&nbsp;Cipher Mining \* | 222487 | 1699801 |
| &nbsp;&nbsp;&nbsp;Core Scientific <sup>\*(A)</sup> | 181634 | 2606448 |
| &nbsp;&nbsp;&nbsp;Guidewire Software \* | 51822 | 11246411 |
| &nbsp;&nbsp;&nbsp;I3 Verticals, Cl A \* | 14345 | 451150 |
| &nbsp;&nbsp;&nbsp;Intuit | 25928 | 17293976 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X FinTech ETF** | **Global X FinTech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — continued |  |  |
| &nbsp;&nbsp;&nbsp;MARA Holdings <sup>\*(A)</sup> | 213781 | $3416220 |
| &nbsp;&nbsp;&nbsp;Meridianlink \* | 46524 | 925362 |
| &nbsp;&nbsp;&nbsp;Mitek Systems \* | 27524 | 279919 |
| &nbsp;&nbsp;&nbsp;nCino \* | 71522 | 2296571 |
| &nbsp;&nbsp;&nbsp;Pagaya Technologies, Cl A \* | 37328 | 1376657 |
| &nbsp;&nbsp;&nbsp;Riot Platforms \* | 216289 | 2976137 |
| &nbsp;&nbsp;&nbsp;Vertex, Cl A \* | 44264 | 1142897 |
|  |  | 52413507 |
| TOTAL UNITED STATES |  | 236141301 |
| **URUGUAY — 0.4%** |  |  |
| Financials — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Dlocal, Cl A <sup>(A)</sup> | 92846 | 1342553 |
| TOTAL COMMON STOCK<br> (Cost $340,138,178) |  | 302698179 |
|  | **Face Amount** |  |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — 4.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC<br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,957,901 (collateralized by various U.S. Treasury Obligations, ranging in par value $166 - $523,130, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $3,004,344) | $2956462 | 2956462 |
| &nbsp;&nbsp;&nbsp;Daiwa Capital Markets America, Inc.<br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,780,414 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $195 - $579,216, 2.000% - 7.500%, 04/23/2027 - 07/20/2065, with a total market value of $2,822,693) | 2779074 | 2779074 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X FinTech ETF** | **Global X FinTech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $46,658 (collateralized by various U.S. Treasury Obligations, ranging in par value $37 - $17,689, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $47,560) | $46636 | $46636 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc.<br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,780,414 (collateralized by various U.S. Government Obligations, ranging in par value $358 - $1,098,978, 2.000% - 6.500%, 06/01/2028 - 06/01/2064, with a total market value of $2,824,914) | 2779074 | 2779074 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $383,860 (collateralized by various a U.S. Treasury Obligation, par value $375,448, 4.500%, 12/31/2031, with a total market value of $388,594) | 383675 | 383675 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC<br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $1,102,446 (collateralized by various U.S. Government Obligations, ranging in par value $441 - $220,383, 1.500% - 7.000%, 02/01/2032 - 03/01/2055, with a total market value of $1,120,141) | 1101915 | 1101915 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $325,621 (collateralized by various U.S. Treasury Obligations, ranging in par value $7,385 - $90,973, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $329,350) | 325464 | 325464 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X FinTech ETF** | **Global X FinTech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;RBC Dominion Securities, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,209,452 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $166 - $398,465, 0.000% - 7.000%, 09/11/2025 - 08/15/2055, with a total market value of $2,240,914) | $2208390 | $2208390 |
| TOTAL REPURCHASE AGREEMENTS<br> (Cost $12,580,690) |  | 12580690 |
| TOTAL INVESTMENTS — 104.1%<br> (Cost $352,718,868) |  | $315278869 |

---

*Percentages are based on Net Assets of $302,810,453.*

*\** *Non-income producing security.*

*(A)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $13,974,539.*

*(B)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $12,580,690. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $1,922,795.*

 

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | *302698179* | $*—* | $*—* | $*302698179* |
| &nbsp;&nbsp;&nbsp;*Repurchase Agreements* | *—* | *12580690* | *—* | *12580690* |
| *Total Investments in Securities* | $*302698179* | $*12580690* | $*—* | $*315278869* |

---

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Internet of Things ETF** | **Global X Internet of Things ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.8%** |  |  |
| **AUSTRIA — 1.4%** |  |  |
| Information Technology — 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;ams-OSRAM \* | 101537 | $1268815 |
| &nbsp;&nbsp;&nbsp;Kontron <sup>(A)</sup> | 66847 | 1912284 |
| TOTAL AUSTRIA |  | 3181099 |
| **CANADA — 0.2%** |  |  |
| Information Technology — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;BlackBerry \* | 138750 | 531413 |
| **FRANCE — 1.4%** |  |  |
| Industrials — 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;Legrand | 20396 | 3105929 |
| **JAPAN — 1.1%** |  |  |
| Information Technology — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;Nippon Ceramic | 31963 | 707507 |
| &nbsp;&nbsp;&nbsp;Renesas Electronics | 145646 | 1752811 |
| TOTAL JAPAN |  | 2460318 |
| **NETHERLANDS — 2.0%** |  |  |
| Information Technology — 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;NXP Semiconductors | 19280 | 4527908 |
| **NORWAY — 1.4%** |  |  |
| Information Technology — 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;Nordic Semiconductor \* | 196202 | 3239619 |
| **SINGAPORE — 5.8%** |  |  |
| Information Technology — 5.8% |  |  |
| &nbsp;&nbsp;&nbsp;STMicroelectronics | 476326 | 12962731 |
| **SWITZERLAND — 3.3%** |  |  |
| Industrials — 2.2% |  |  |
| &nbsp;&nbsp;&nbsp;ABB | 74899 | 5031698 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Internet of Things ETF** | **Global X Internet of Things ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;Landis+Gyr Group | 29399 | $2358396 |
| TOTAL SWITZERLAND |  | 7390094 |
| **TAIWAN — 9.1%** |  |  |
| Information Technology — 9.1% |  |  |
| &nbsp;&nbsp;&nbsp;Advantech | 878183 | 9882234 |
| &nbsp;&nbsp;&nbsp;eMemory Technology | 75832 | 5122527 |
| &nbsp;&nbsp;&nbsp;MediaTek | 90980 | 4077351 |
| &nbsp;&nbsp;&nbsp;Nexcom International | 222600 | 750022 |
| &nbsp;&nbsp;&nbsp;Sercomm | 148850 | 513704 |
| TOTAL TAIWAN |  | 20345838 |
| **UNITED KINGDOM — 0.3%** |  |  |
| Information Technology — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Spirent Communications PLC | 251809 | 665440 |
| **UNITED STATES — 73.8%** |  |  |
| Communication Services — 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;Globalstar \* | 28072 | 840195 |
| &nbsp;&nbsp;&nbsp;Iridium Communications | 20169 | 502006 |
|  |  | 1342201 |
| Consumer Discretionary — 9.3% |  |  |
| &nbsp;&nbsp;&nbsp;ADT | 835391 | 7276256 |
| &nbsp;&nbsp;&nbsp;Garmin | 55827 | 13500085 |
|  |  | 20776341 |
| Health Care — 5.2% |  |  |
| &nbsp;&nbsp;&nbsp;Dexcom \* | 155757 | 11734732 |
| Industrials — 12.4% |  |  |
| &nbsp;&nbsp;&nbsp;Emerson Electric | 35538 | 4691016 |
| &nbsp;&nbsp;&nbsp;Honeywell International | 19533 | 4287494 |
| &nbsp;&nbsp;&nbsp;Johnson Controls International | 50906 | 5441342 |
| &nbsp;&nbsp;&nbsp;Resideo Technologies \* | 33552 | 1142446 |
| &nbsp;&nbsp;&nbsp;Rockwell Automation | 8815 | 3027335 |
| &nbsp;&nbsp;&nbsp;Schneider Electric | 17061 | 4194657 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Internet of Things ETF** | **Global X Internet of Things ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Industrials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Sensata Technologies Holding | 152365 | $4957957 |
|  |  | 27742247 |
| Information Technology — 46.3% |  |  |
| &nbsp;&nbsp;&nbsp;Alarm.com Holdings \* | 50415 | 2955831 |
| &nbsp;&nbsp;&nbsp;Ambarella \* | 42405 | 3497564 |
| &nbsp;&nbsp;&nbsp;Analog Devices | 18525 | 4655518 |
| &nbsp;&nbsp;&nbsp;Arlo Technologies \* | 104166 | 1813530 |
| &nbsp;&nbsp;&nbsp;Badger Meter <sup>(A)</sup> | 29972 | 5482478 |
| &nbsp;&nbsp;&nbsp;Belden | 40948 | 5331430 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 65201 | 4504737 |
| &nbsp;&nbsp;&nbsp;Digi International \* | 37312 | 1295473 |
| &nbsp;&nbsp;&nbsp;GLOBALFOUNDRIES \* | 43059 | 1437740 |
| &nbsp;&nbsp;&nbsp;Impinj <sup>\*(A)</sup> | 29070 | 5449753 |
| &nbsp;&nbsp;&nbsp;InterDigital | 2953 | 802360 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 16604 | 4042908 |
| &nbsp;&nbsp;&nbsp;Itron \* | 46026 | 5658436 |
| &nbsp;&nbsp;&nbsp;Lattice Semiconductor <sup>\*(A)</sup> | 140214 | 9307405 |
| &nbsp;&nbsp;&nbsp;NETGEAR \* | 29079 | 790076 |
| &nbsp;&nbsp;&nbsp;Powerfleet NJ \* | 133534 | 623604 |
| &nbsp;&nbsp;&nbsp;PTC \* | 9359 | 1998146 |
| &nbsp;&nbsp;&nbsp;Qorvo \* | 8694 | 788546 |
| &nbsp;&nbsp;&nbsp;QUALCOMM | 26446 | 4250666 |
| &nbsp;&nbsp;&nbsp;Rambus \* | 108878 | 8031930 |
| &nbsp;&nbsp;&nbsp;Samsara, Cl A \* | 273988 | 9901926 |
| &nbsp;&nbsp;&nbsp;Semtech \* | 19147 | 1112249 |
| &nbsp;&nbsp;&nbsp;Silicon Laboratories \* | 33076 | 4443761 |
| &nbsp;&nbsp;&nbsp;Skyworks Solutions <sup>(A)</sup> | 163490 | 12251941 |
| &nbsp;&nbsp;&nbsp;SmartRent, Cl A <sup>\*(A)</sup> | 491310 | 727139 |
| &nbsp;&nbsp;&nbsp;Synaptics \* | 39786 | 2779450 |
|  |  | 103934597 |
| TOTAL UNITED STATES |  | 165530118 |
| TOTAL COMMON STOCK<br> (Cost $195,559,998) |  | 223940507 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Internet of Things ETF** | **Global X Internet of Things ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — 11.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC <br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $5,961,486 (collateralized by various U.S. Treasury Obligations, ranging in par value $334 - $1,054,339, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $6,055,090) | $5958586 | $5958586 |
| &nbsp;&nbsp;&nbsp;Daiwa Capital Markets America, Inc.<br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $5,603,772 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $392 - $1,167,378, 2.000% - 7.500%, 04/23/2027 - 07/20/2065, with a total market value of $5,688,983) | 5601071 | 5601071 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $93,970 (collateralized by various U.S. Treasury Obligations, ranging in par value $75 - $35,626, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $95,786) | 93925 | 93925 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc.<br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $5,603,772 (collateralized by various U.S. Government Obligations, ranging in par value $721 - $2,214,930, 2.000% - 6.500%, 06/01/2028 - 06/01/2064, with a total market value of $5,693,460) | 5601071 | 5601071 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $773,116 (collateralized by various a U.S. Treasury Obligation, par value $756,174, 4.500%, 12/31/2031, with a total market value of $782,651) | 772744 | 772744 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Internet of Things ETF** | **Global X Internet of Things ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC<br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,659,793 (collateralized by various U.S. Government Obligations, ranging in par value $1,063 - $531,702, 1.500% - 7.000%, 02/01/2032 - 03/01/2055, with a total market value of $2,702,483) | $2658511 | $2658511 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $655,821 (collateralized by various U.S. Treasury Obligations, ranging in par value $14,875 - $183,226, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $663,333) | 655506 | 655506 |
| &nbsp;&nbsp;&nbsp;RBC Dominion Securities, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $4,016,203 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $302 - $724,304, 0.000% - 7.000%, 09/11/2025 - 08/15/2055, with a total market value of $4,073,392) | 4014272 | 4014272 |
| TOTAL REPURCHASE AGREEMENTS<br> (Cost $25,355,686) |  | 25355686 |
| TOTAL INVESTMENTS — 111.1%<br> (Cost $220,915,684) |  | $249296193 |

---

*Percentages are based on Net Assets of $224,368,420.*

*\** *Non-income producing security.*

*(A)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $24,587,507.*

*(B)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $25,355,686. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $0.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Internet of Things ETF** | **Global X Internet of Things ETF** |

---

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*223940507* | $*—* | $*—* | $*223940507* |
| &nbsp;&nbsp;&nbsp;*Repurchase Agreements* | *—* | *25355686* | *—* | *25355686* |
| *Total Investments in Securities* | $*223940507* | $*25355686* | $*—* | $*249296193* |

---

 

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Infrastructure Development ETF** | **Global X U.S. Infrastructure Development ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.9%** |  |  |
| Consumer Discretionary — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;TopBuild \* | 184822 | $77765705 |
| Industrials — 74.2% |  |  |
| &nbsp;&nbsp;&nbsp;Acuity Brands | 194190 | 63397209 |
| &nbsp;&nbsp;&nbsp;Advanced Drainage Systems | 485899 | 69954879 |
| &nbsp;&nbsp;&nbsp;AECOM | 830925 | 103774223 |
| &nbsp;&nbsp;&nbsp;Amentum Holdings \* | 46719 | 1165639 |
| &nbsp;&nbsp;&nbsp;Arcosa | 305894 | 30268211 |
| &nbsp;&nbsp;&nbsp;Argan | 153529 | 35038388 |
| &nbsp;&nbsp;&nbsp;Astec Industries | 763347 | 35335333 |
| &nbsp;&nbsp;&nbsp;ATI \* | 893658 | 69294241 |
| &nbsp;&nbsp;&nbsp;Atkore | 309519 | 18010911 |
| &nbsp;&nbsp;&nbsp;Builders FirstSource \* | 721173 | 100012272 |
| &nbsp;&nbsp;&nbsp;Carlisle | 283942 | 109570378 |
| &nbsp;&nbsp;&nbsp;Carpenter Technology | 312102 | 75179130 |
| &nbsp;&nbsp;&nbsp;Centuri Holdings \* | 1236374 | 26260584 |
| &nbsp;&nbsp;&nbsp;Columbus McKinnon | 718231 | 10759100 |
| &nbsp;&nbsp;&nbsp;Construction Partners, Cl A \* | 324790 | 38942321 |
| &nbsp;&nbsp;&nbsp;Crane | 358731 | 66472854 |
| &nbsp;&nbsp;&nbsp;CSW Industrials | 105369 | 28822636 |
| &nbsp;&nbsp;&nbsp;CSX | 7964663 | 258931194 |
| &nbsp;&nbsp;&nbsp;Custom Truck One Source \* | 4993852 | 30662251 |
| &nbsp;&nbsp;&nbsp;Deere | 564900 | 270383736 |
| &nbsp;&nbsp;&nbsp;DNOW \* | 1943973 | 31103568 |
| &nbsp;&nbsp;&nbsp;DXP Enterprises \* | 250648 | 31300922 |
| &nbsp;&nbsp;&nbsp;Dycom Industries \* | 182866 | 46168179 |
| &nbsp;&nbsp;&nbsp;Eaton PLC | 725392 | 253263363 |
| &nbsp;&nbsp;&nbsp;EMCOR Group | 288368 | 178788160 |
| &nbsp;&nbsp;&nbsp;Emerson Electric | 2044444 | 269866608 |
| &nbsp;&nbsp;&nbsp;Exponent | 318226 | 22714972 |
| &nbsp;&nbsp;&nbsp;Fastenal | 7107608 | 352963813 |
| &nbsp;&nbsp;&nbsp;Fortive | 2173408 | 104019307 |
| &nbsp;&nbsp;&nbsp;Gibraltar Industries \* | 437127 | 27359779 |
| &nbsp;&nbsp;&nbsp;Gorman-Rupp | 703490 | 30088267 |
| &nbsp;&nbsp;&nbsp;Graco | 1057700 | 90317003 |
| &nbsp;&nbsp;&nbsp;Granite Construction | 288907 | 31129729 |
| &nbsp;&nbsp;&nbsp;Greenbrier | 381033 | 17767569 |
| &nbsp;&nbsp;&nbsp;Herc Holdings | 216944 | 28374106 |
| &nbsp;&nbsp;&nbsp;Howmet Aerospace | 2099342 | 365495442 |
| &nbsp;&nbsp;&nbsp;Hubbell, Cl B | 336346 | 144961763 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Infrastructure Development ETF** | **Global X U.S. Infrastructure Development ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Industrials — continued |  |  |
| &nbsp;&nbsp;&nbsp;IDEX | 474646 | $78079267 |
| &nbsp;&nbsp;&nbsp;Insteel Industries | 925699 | 35528328 |
| &nbsp;&nbsp;&nbsp;Jacobs Solutions | 777163 | 113644546 |
| &nbsp;&nbsp;&nbsp;Lincoln Electric Holdings | 353761 | 85833031 |
| &nbsp;&nbsp;&nbsp;MasTec \* | 496612 | 90229434 |
| &nbsp;&nbsp;&nbsp;MRC Global \* | 1779495 | 26834785 |
| &nbsp;&nbsp;&nbsp;Mueller Industries | 712686 | 68375095 |
| &nbsp;&nbsp;&nbsp;Mueller Water Products, Cl A | 1131248 | 29819697 |
| &nbsp;&nbsp;&nbsp;MYR Group \* | 173459 | 32483667 |
| &nbsp;&nbsp;&nbsp;Norfolk Southern | 1046967 | 293129821 |
| &nbsp;&nbsp;&nbsp;NWPX Infrastructure \* | 537633 | 28473044 |
| &nbsp;&nbsp;&nbsp;Parker-Hannifin | 394171 | 299313749 |
| &nbsp;&nbsp;&nbsp;Pentair PLC | 1035031 | 111296883 |
| &nbsp;&nbsp;&nbsp;Powell Industries | 91833 | 24442271 |
| &nbsp;&nbsp;&nbsp;Preformed Line Products | 204523 | 39078210 |
| &nbsp;&nbsp;&nbsp;Primoris Services | 337071 | 39959767 |
| &nbsp;&nbsp;&nbsp;Quanta Services | 755936 | 285713571 |
| &nbsp;&nbsp;&nbsp;RBC Bearings \* | 196910 | 76787024 |
| &nbsp;&nbsp;&nbsp;Regal Rexnord | 415223 | 62005251 |
| &nbsp;&nbsp;&nbsp;Rockwell Automation | 708561 | 243341104 |
| &nbsp;&nbsp;&nbsp;SPX Technologies \* | 290422 | 54340860 |
| &nbsp;&nbsp;&nbsp;Sterling Infrastructure \* | 192720 | 53678302 |
| &nbsp;&nbsp;&nbsp;Terex | 548404 | 27387296 |
| &nbsp;&nbsp;&nbsp;Tetra Tech | 1679575 | 61170122 |
| &nbsp;&nbsp;&nbsp;Titan Machinery \* | 1698842 | 33976840 |
| &nbsp;&nbsp;&nbsp;Trane Technologies PLC | 669937 | 278425817 |
| &nbsp;&nbsp;&nbsp;Trinity Industries | 681675 | 19373204 |
| &nbsp;&nbsp;&nbsp;Tutor Perini \* | 1005932 | 59289632 |
| &nbsp;&nbsp;&nbsp;Union Pacific | 1081116 | 241705104 |
| &nbsp;&nbsp;&nbsp;United Rentals | 340072 | 325224456 |
| &nbsp;&nbsp;&nbsp;Valmont Industries | 125510 | 46077231 |
| &nbsp;&nbsp;&nbsp;Wabash National | 1703746 | 18894543 |
| &nbsp;&nbsp;&nbsp;WESCO International | 307016 | 67494397 |
| &nbsp;&nbsp;&nbsp;Woodward | 371989 | 91814325 |
| &nbsp;&nbsp;&nbsp;Zurn Elkay Water Solutions | 1064124 | 48268665 |
|  |  | 6959407379 |
| Information Technology — 2.5% |  |  |
| &nbsp;&nbsp;&nbsp;Badger Meter | 184299 | 33711973 |
| &nbsp;&nbsp;&nbsp;Calix \* | 678428 | 40332545 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Infrastructure Development ETF** | **Global X U.S. Infrastructure Development ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — continued |  |  |
| &nbsp;&nbsp;&nbsp;Ralliant \* | 724682 | $30298954 |
| &nbsp;&nbsp;&nbsp;Trimble \* | 1539666 | 124435806 |
|  |  | 228779278 |
| Materials — 19.3% |  |  |
| &nbsp;&nbsp;&nbsp;Alcoa | 1619308 | 52125525 |
| &nbsp;&nbsp;&nbsp;Century Aluminum \* | 1354393 | 30243596 |
| &nbsp;&nbsp;&nbsp;Cleveland-Cliffs \* | 3096359 | 33285859 |
| &nbsp;&nbsp;&nbsp;Commercial Metals | 712411 | 41084742 |
| &nbsp;&nbsp;&nbsp;CRH PLC | 2667826 | 301330947 |
| &nbsp;&nbsp;&nbsp;Eagle Materials | 210105 | 48513244 |
| &nbsp;&nbsp;&nbsp;Knife River \* | 355248 | 28775088 |
| &nbsp;&nbsp;&nbsp;Louisiana-Pacific | 440428 | 41889107 |
| &nbsp;&nbsp;&nbsp;Martin Marietta Materials | 383127 | 236159483 |
| &nbsp;&nbsp;&nbsp;Materion | 262167 | 29048104 |
| &nbsp;&nbsp;&nbsp;Metallus \* | 1812003 | 29771209 |
| &nbsp;&nbsp;&nbsp;Minerals Technologies | 354117 | 23176958 |
| &nbsp;&nbsp;&nbsp;Nucor | 1471962 | 218924908 |
| &nbsp;&nbsp;&nbsp;Reliance | 339133 | 100268063 |
| &nbsp;&nbsp;&nbsp;RPM International | 805557 | 100944348 |
| &nbsp;&nbsp;&nbsp;Ryerson Holding | 1307230 | 29804844 |
| &nbsp;&nbsp;&nbsp;Steel Dynamics | 953622 | 124848192 |
| &nbsp;&nbsp;&nbsp;United States Lime & Minerals | 225959 | 28452757 |
| &nbsp;&nbsp;&nbsp;Vulcan Materials | 827846 | 241035641 |
| &nbsp;&nbsp;&nbsp;Westlake | 806592 | 70834909 |
|  |  | 1810517524 |
| Utilities — 3.1% |  |  |
| &nbsp;&nbsp;&nbsp;MDU Resources Group | 1483237 | 24161931 |
| &nbsp;&nbsp;&nbsp;Sempra | 3238373 | 267360075 |
|  |  | 291522006 |
| TOTAL COMMON STOCK<br> (Cost $7,329,090,496) |  | 9367991892 |
| TOTAL INVESTMENTS — 99.9%<br> (Cost $7,329,090,496) |  | $9367991892 |

---

*Percentages are based on Net Assets of $9,377,770,338.*

*\** *Non-income producing security.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X U.S. Infrastructure Development ETF** | **Global X U.S. Infrastructure Development ETF** |

---

*A list of the open futures contracts held by the Fund at August 31, 2025, is as follows:*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| ***Type of Contract*** | ***Number of<br> Contracts*** | ***Expiration<br> Date*** | ***Notional Amount*** | ***Value*** | ***Unrealized<br> Appreciation*** |
| *Long Contracts <br> E-mini Russell 2000 Index* | *76* | *Sep-2025* | $*8086818* | $*9005240* | $*918422* |

---

 

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments and other financial instruments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*9367991892* | $*—* | $*—* | $*9367991892* |
| *Total Investments in Securities* | $*9367991892* | $*—* | $*—* | $*9367991892* |
| *Other Financial Instruments* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Futures Contracts\** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Unrealized Appreciation* | $*918422* | $*—* | $*—* | $*918422* |
| *Total Other Financial Instruments* | $*918422* | $*—* | $*—* | $*918422* |

---

*\** *Futures contracts are valued at the unrealized appreciation on the instrument.* 

 

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Autonomous & Electric Vehicles ETF** | **Global X Autonomous & Electric Vehicles ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 98.4%** |  |  |
| **AUSTRALIA — 5.4%** |  |  |
| Materials — 5.4% |  |  |
| &nbsp;&nbsp;&nbsp;IGO | 1093530 | $3736044 |
| &nbsp;&nbsp;&nbsp;Liontown Resources <sup>\*(A)</sup> | 6281999 | 3864884 |
| &nbsp;&nbsp;&nbsp;Pilbara Minerals <sup>\*(A)</sup> | 3353074 | 5376752 |
| &nbsp;&nbsp;&nbsp;Rio Tinto PLC | 87646 | 5496747 |
| TOTAL AUSTRALIA |  | 18474427 |
| **CANADA — 1.0%** |  |  |
| Information Technology — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;BlackBerry \* | 842935 | 3228441 |
| **CHILE — 1.3%** |  |  |
| Materials — 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;Sociedad Quimica y Minera de Chile ADR <sup>\*(A)</sup> | 96031 | 4370371 |
| **CHINA — 13.7%** |  |  |
| Communication Services — 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Baidu ADR <sup>\*(A)</sup> | 43953 | 4188721 |
| Consumer Discretionary — 7.5% |  |  |
| &nbsp;&nbsp;&nbsp;BYD, Cl H | 315600 | 4631264 |
| &nbsp;&nbsp;&nbsp;Geely Automobile Holdings | 1610400 | 4040538 |
| &nbsp;&nbsp;&nbsp;Li Auto, Cl A \* | 266600 | 3135927 |
| &nbsp;&nbsp;&nbsp;Nexteer Automotive Group | 4418100 | 3899065 |
| &nbsp;&nbsp;&nbsp;NIO ADR <sup>\*(A)</sup> | 845582 | 5394813 |
| &nbsp;&nbsp;&nbsp;XPeng ADR, Cl A \* | 209035 | 4393916 |
|  |  | 25495523 |
| Information Technology — 2.4% |  |  |
| &nbsp;&nbsp;&nbsp;indie Semiconductor, Cl A <sup>\*(A)</sup> | 845882 | 3831846 |
| &nbsp;&nbsp;&nbsp;RoboSense Technology <sup>\*(A)</sup> | 821728 | 4222557 |
|  |  | 8054403 |
| Materials — 2.6% |  |  |
| &nbsp;&nbsp;&nbsp;Ganfeng Lithium Group, Cl H <sup>(A)</sup> | 1070333 | 4305578 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Autonomous & Electric Vehicles ETF** | **Global X Autonomous & Electric Vehicles ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Materials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Tianqi Lithium, Cl H <sup>\*(A)</sup> | 869800 | $4536525 |
|  |  | 8842103 |
| TOTAL CHINA |  | 46580750 |
| **FRANCE — 3.0%** |  |  |
| Consumer Discretionary — 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;Forvia \* | 294932 | 3932013 |
| &nbsp;&nbsp;&nbsp;Renault | 75422 | 2966242 |
|  |  | 6898255 |
| Materials — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Eramet <sup>(A)</sup> | 57330 | 3422326 |
| TOTAL FRANCE |  | 10320581 |
| **GERMANY — 1.4%** |  |  |
| Information Technology — 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;Infineon Technologies | 113750 | 4654704 |
| **ISRAEL — 0.9%** |  |  |
| Consumer Discretionary — 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;Mobileye Global, Cl A \* | 213895 | 2996669 |
| **JAPAN — 12.9%** |  |  |
| Consumer Discretionary — 7.7% |  |  |
| &nbsp;&nbsp;&nbsp;Denso | 300325 | 4368085 |
| &nbsp;&nbsp;&nbsp;GS Yuasa | 187393 | 4265400 |
| &nbsp;&nbsp;&nbsp;Honda Motor | 427151 | 4776993 |
| &nbsp;&nbsp;&nbsp;Nissan Motor <sup>\*(A)</sup> | 1639914 | 3712634 |
| &nbsp;&nbsp;&nbsp;Toyota Motor | 452139 | 8847235 |
|  |  | 25970347 |
| Information Technology — 3.1% |  |  |
| &nbsp;&nbsp;&nbsp;Allegro MicroSystems \* | 95693 | 2952129 |
| &nbsp;&nbsp;&nbsp;Renesas Electronics | 312412 | 3759796 |
| &nbsp;&nbsp;&nbsp;Socionext | 197464 | 3859844 |
|  |  | 10571769 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Autonomous & Electric Vehicles ETF** | **Global X Autonomous & Electric Vehicles ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Materials — 2.1% |  |  |
| &nbsp;&nbsp;&nbsp;Denka | 243475 | $3720321 |
| &nbsp;&nbsp;&nbsp;Tokai Carbon | 499413 | 3462642 |
|  |  | 7182963 |
| TOTAL JAPAN |  | 43725079 |
| **NETHERLANDS — 2.9%** |  |  |
| Information Technology — 2.9% |  |  |
| &nbsp;&nbsp;&nbsp;Nebius Group, Cl A <sup>\*(A)</sup> | 68114 | 4653548 |
| &nbsp;&nbsp;&nbsp;NXP Semiconductors | 22401 | 5260875 |
| TOTAL NETHERLANDS |  | 9914423 |
| **SINGAPORE — 1.0%** |  |  |
| Information Technology — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;STMicroelectronics | 123706 | 3366534 |
| **SOUTH KOREA — 5.3%** |  |  |
| Consumer Discretionary — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;HL Mando | 132946 | 3413898 |
| Industrials — 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;LG Energy Solution \* | 15795 | 3999166 |
| Information Technology — 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Samsung SDI | 27454 | 4087738 |
| Materials — 1.9% |  |  |
| &nbsp;&nbsp;&nbsp;Cosmochemical \* | 303741 | 3539367 |
| &nbsp;&nbsp;&nbsp;SKC \* | 45810 | 3090795 |
|  |  | 6630162 |
| TOTAL SOUTH KOREA |  | 18130964 |
| **TAIWAN — 2.2%** |  |  |
| Industrials — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;Advanced Energy Solution Holding | 87800 | 3877394 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Autonomous & Electric Vehicles ETF** | **Global X Autonomous & Electric Vehicles ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;Wistron NeWeb | 863200 | $3586137 |
| TOTAL TAIWAN |  | 7463531 |
| **UNITED STATES — 47.4%** |  |  |
| Communication Services — 3.3% |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 51903 | 11050668 |
| Consumer Discretionary — 13.3% |  |  |
| &nbsp;&nbsp;&nbsp;American Axle & Manufacturing Holdings \* | 706254 | 4110398 |
| &nbsp;&nbsp;&nbsp;Ford Motor | 401214 | 4722289 |
| &nbsp;&nbsp;&nbsp;General Motors | 91096 | 5337315 |
| &nbsp;&nbsp;&nbsp;Gentherm \* | 112897 | 4151223 |
| &nbsp;&nbsp;&nbsp;Lear | 33461 | 3680710 |
| &nbsp;&nbsp;&nbsp;Lucid Group <sup>\*(A)</sup> | 1477507 | 2925464 |
| &nbsp;&nbsp;&nbsp;QuantumScape, Cl A <sup>\*(A)</sup> | 321151 | 2546727 |
| &nbsp;&nbsp;&nbsp;Stellantis | 394835 | 3782252 |
| &nbsp;&nbsp;&nbsp;Tesla \* | 30405 | 10151317 |
| &nbsp;&nbsp;&nbsp;Visteon | 31231 | 3871395 |
|  |  | 45279090 |
| Industrials — 11.7% |  |  |
| &nbsp;&nbsp;&nbsp;Amprius Technologies \* | 451258 | 3199419 |
| &nbsp;&nbsp;&nbsp;ATI \* | 41207 | 3195191 |
| &nbsp;&nbsp;&nbsp;Bloom Energy, Cl A \* | 138129 | 7312549 |
| &nbsp;&nbsp;&nbsp;EnerSys | 40076 | 4113801 |
| &nbsp;&nbsp;&nbsp;Honeywell International | 32688 | 7175016 |
| &nbsp;&nbsp;&nbsp;Hyster-Yale | 83198 | 3119925 |
| &nbsp;&nbsp;&nbsp;ITT | 23775 | 4047694 |
| &nbsp;&nbsp;&nbsp;Plug Power <sup>\*(A)</sup> | 2228252 | 3498356 |
| &nbsp;&nbsp;&nbsp;Westinghouse Air Brake Technologies | 20792 | 4023252 |
|  |  | 39685203 |
| Information Technology — 16.7% |  |  |
| &nbsp;&nbsp;&nbsp;Ambarella \* | 51636 | 4258937 |
| &nbsp;&nbsp;&nbsp;CEVA \* | 150338 | 3340510 |
| &nbsp;&nbsp;&nbsp;Coherent \* | 39278 | 3553481 |
| &nbsp;&nbsp;&nbsp;Intel | 271039 | 6599800 |
| &nbsp;&nbsp;&nbsp;Microsoft | 18684 | 9466996 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 55331 | 9637553 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Autonomous & Electric Vehicles ETF** | **Global X Autonomous & Electric Vehicles ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — continued |  |  |
| &nbsp;&nbsp;&nbsp;ON Semiconductor \* | 68734 | $3408519 |
| &nbsp;&nbsp;&nbsp;QUALCOMM | 53230 | 8555658 |
| &nbsp;&nbsp;&nbsp;SiTime \* | 17030 | 4115640 |
| &nbsp;&nbsp;&nbsp;Skyworks Solutions | 50369 | 3774653 |
|  |  | 56711747 |
| Materials — 2.4% |  |  |
| &nbsp;&nbsp;&nbsp;Albemarle <sup>(A)</sup> | 51271 | 4353933 |
| &nbsp;&nbsp;&nbsp;Cabot | 45651 | 3723296 |
|  |  | 8077229 |
| TOTAL UNITED STATES |  | 160803937 |
| TOTAL COMMON STOCK <br> (Cost $400,012,154) |  | 334030411 |
| **PREFERRED STOCK — 1.3%** |  |  |
| **GERMANY—1.3%** |  |  |
| Consumer Discretionary — 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;Volkswagen <sup>(B)</sup> | 36728 | 4280935 |
| TOTAL PREFERRED STOCK<br> (Cost $8,101,066) |  | 4280935 |
|  | **Face Amount** |  |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — 8.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC <br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $7,106,186 (collateralized by various U.S. Treasury Obligations, ranging in par value $399 - $1,256,789, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $7,217,763) | $7102729 | 7102729 |
| &nbsp;&nbsp;&nbsp;Daiwa Capital Markets America, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $6,679,785 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $468 - $1,391,533, 2.000% - 7.500%, 04/23/2027 - 07/20/2065, with a total market value of $6,781,358) | 6676565 | 6676565 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Autonomous & Electric Vehicles ETF** | **Global X Autonomous & Electric Vehicles ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $112,002 (collateralized by various U.S. Treasury Obligations, ranging in par value $90 - $42,462, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $114,166) | $111948 | $111948 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $6,679,785 (collateralized by various U.S. Government Obligations, ranging in par value $860 - $2,640,231, 2.000% - 6.500%, 06/01/2028 - 06/01/2064, with a total market value of $6,786,694) | 6676565 | 6676565 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $921,465 (collateralized by various a U.S. Treasury Obligation, par value $901,273, 4.500%, 12/31/2031, with a total market value of $932,830) | 921022 | 921022 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $3,253,692 (collateralized by various U.S. Government Obligations, ranging in par value $1,301 - $650,425, 1.500% - 7.000%, 02/01/2032 - 03/01/2055, with a total market value of $3,305,915) | 3252124 | 3252124 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $781,663 (collateralized by various U.S. Treasury Obligations, ranging in par value $17,729 - $218,384, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $790,616) | 781287 | 781287 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Autonomous & Electric Vehicles ETF** | **Global X Autonomous & Electric Vehicles ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;RBC Dominion Securities, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $4,704,403 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $353 - $848,418, 0.000% - 7.000%, 09/11/2025 - 08/15/2055, with a total market value of $4,771,392) | $4702141 | $4702141 |
| TOTAL REPURCHASE AGREEMENTS<br> (Cost $30,224,381) |  | 30224381 |
| TOTAL INVESTMENTS — 108.6%<br> (Cost $438,337,601) |  | $368535727 |

---

 

*Percentages are based on Net Assets of $339,322,901.*

*\** *Non-income producing security.*

*(A)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $41,108,667.*

*(B)* *There is currently no stated interest rate.*

*(C)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $30,224,381. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $12,499,355.*

 

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*334030411* | $*—* | $*—* | $*334030411* |
| &nbsp;&nbsp;&nbsp;*Preferred Stock* | *4280935* | *—* | *—* | *4280935* |
| &nbsp;&nbsp;&nbsp;*Repurchase Agreements* | *—* | *30224381* | *—* | *30224381* |
| *Total Investments in Securities* | $*338311346* | $*30224381* | $*—* | $*368535727* |

---

 

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.8%** |  |  |
| **BRAZIL — 0.3%** |  |  |
| Financials — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;StoneCo, Cl A \* | 976059 | $16075692 |
| **CANADA — 3.1%** |  |  |
| Industrials — 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;Thomson Reuters <sup>(A)</sup> | 224117 | 39805420 |
| Information Technology — 2.2% |  |  |
| &nbsp;&nbsp;&nbsp;Hut 8 <sup>\*(A)</sup> | 634532 | 16961041 |
| &nbsp;&nbsp;&nbsp;Shopify, Cl A \* | 605997 | 85615256 |
|  |  | 102576297 |
| TOTAL CANADA |  | 142381717 |
| **CHINA — 8.2%** |  |  |
| Communication Services — 3.6% |  |  |
| &nbsp;&nbsp;&nbsp;Baidu ADR \* | 147232 | 14031210 |
| &nbsp;&nbsp;&nbsp;Tencent Holdings | 1971618 | 150858487 |
|  |  | 164889697 |
| Consumer Discretionary — 4.3% |  |  |
| &nbsp;&nbsp;&nbsp;Alibaba Group Holding ADR | 1126937 | 152136495 |
| &nbsp;&nbsp;&nbsp;Meituan, Cl B \* | 2777315 | 36587447 |
| &nbsp;&nbsp;&nbsp;WeRide ADR <sup>\*(A)</sup> | 1374993 | 12869935 |
|  |  | 201593877 |
| Information Technology — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Pony AI <sup>\*(A)</sup> | 908479 | 13054843 |
| TOTAL CHINA |  | 379538417 |
| **FINLAND — 0.3%** |  |  |
| Information Technology — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;TietoEVRY <sup>(A)</sup> | 791662 | 14789107 |
| **GERMANY — 2.9%** |  |  |
| Industrials — 2.4% |  |  |
| &nbsp;&nbsp;&nbsp;Siemens | 398061 | 110238585 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Infineon Technologies | 647908 | $26512704 |
| TOTAL GERMANY |  | 136751289 |
| **IRELAND — 1.7%** |  |  |
| Information Technology — 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;Accenture PLC, Cl A | 309748 | 80525187 |
| **ISRAEL — 0.5%** |  |  |
| Information Technology — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Nice ADR <sup>\*(A)</sup> | 84222 | 11904780 |
| &nbsp;&nbsp;&nbsp;Wix.com \* | 89142 | 12576153 |
| TOTAL ISRAEL |  | 24480933 |
| **ITALY — 0.2%** |  |  |
| Health Care — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;Amplifon | 583791 | 10635938 |
| **JAPAN — 2.7%** |  |  |
| Consumer Discretionary — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Rakuten Group \* | 2508213 | 15663412 |
| Industrials — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;FANUC | 487457 | 13870903 |
| &nbsp;&nbsp;&nbsp;Fujikura | 241302 | 20987070 |
|  |  | 34857973 |
| Information Technology — 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;Fujitsu | 1028673 | 25053871 |
| &nbsp;&nbsp;&nbsp;NEC | 677375 | 20931384 |
| &nbsp;&nbsp;&nbsp;Socionext <sup>(A)</sup> | 726000 | 14191180 |
| &nbsp;&nbsp;&nbsp;Toshiba TEC | 662249 | 13021712 |
|  |  | 73198147 |
| TOTAL JAPAN |  | 123719532 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| **NETHERLANDS — 1.0%** |  |  |
| Industrials — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Wolters Kluwer | 118626 | $14940372 |
| Information Technology — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;NXP Semiconductors | 125269 | 29419425 |
| TOTAL NETHERLANDS |  | 44359797 |
| **SOUTH KOREA — 4.6%** |  |  |
| Information Technology — 4.6% |  |  |
| &nbsp;&nbsp;&nbsp;Samsung Electronics | 2870477 | 143910985 |
| &nbsp;&nbsp;&nbsp;SK Hynix | 363179 | 70271642 |
| TOTAL SOUTH KOREA |  | 214182627 |
| **SWEDEN — 0.3%** |  |  |
| Information Technology — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Telefonaktiebolaget LM Ericsson ADR | 1795646 | 14131734 |
| **SWITZERLAND — 0.3%** |  |  |
| Information Technology — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Temenos | 149702 | 13320583 |
| **TAIWAN — 3.7%** |  |  |
| Information Technology — 3.7% |  |  |
| &nbsp;&nbsp;&nbsp;Acer | 12958700 | 12526524 |
| &nbsp;&nbsp;&nbsp;Advantech | 1175357 | 13226347 |
| &nbsp;&nbsp;&nbsp;Global Unichip | 308865 | 13437918 |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR | 574718 | 132685145 |
| TOTAL TAIWAN |  | 171875934 |
| **UNITED STATES — 70.0%** |  |  |
| Communication Services — 9.9% |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 726305 | 154637597 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 193679 | 143070677 |
| &nbsp;&nbsp;&nbsp;Netflix \* | 116995 | 141359209 |
| &nbsp;&nbsp;&nbsp;Snap, Cl A \* | 1364040 | 9739246 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Communication Services — continued |  |  |
| &nbsp;&nbsp;&nbsp;Trade Desk, Cl A \* | 221885 | $12128234 |
|  |  | 460934963 |
| Consumer Discretionary — 6.0% |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com \* | 605068 | 138560572 |
| &nbsp;&nbsp;&nbsp;Tesla \* | 414912 | 138526669 |
|  |  | 277087241 |
| Health Care — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;GE HealthCare Technologies | 226850 | 16725651 |
| Industrials — 2.9% |  |  |
| &nbsp;&nbsp;&nbsp;Experian PLC | 454821 | 23546943 |
| &nbsp;&nbsp;&nbsp;Genpact | 299168 | 13564277 |
| &nbsp;&nbsp;&nbsp;Uber Technologies \* | 1040250 | 97523438 |
|  |  | 134634658 |
| Information Technology — 50.8% |  |  |
| &nbsp;&nbsp;&nbsp;Adobe \* | 211430 | 75417081 |
| &nbsp;&nbsp;&nbsp;Advanced Micro Devices \* | 870802 | 141618529 |
| &nbsp;&nbsp;&nbsp;Ambarella \* | 202423 | 16695849 |
| &nbsp;&nbsp;&nbsp;Apple | 645099 | 149753282 |
| &nbsp;&nbsp;&nbsp;AppLovin, Cl A \* | 153107 | 73275479 |
| &nbsp;&nbsp;&nbsp;Broadcom | 486509 | 144682911 |
| &nbsp;&nbsp;&nbsp;C3.ai, Cl A <sup>\*(A)</sup> | 470808 | 7961363 |
| &nbsp;&nbsp;&nbsp;Cadence Design Systems \* | 135575 | 47509547 |
| &nbsp;&nbsp;&nbsp;CCC Intelligent Solutions Holdings \* | 1375332 | 13615787 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 2012724 | 139059101 |
| &nbsp;&nbsp;&nbsp;CoreWeave \* | 183591 | 18917217 |
| &nbsp;&nbsp;&nbsp;CyberArk Software \* | 36938 | 16742518 |
| &nbsp;&nbsp;&nbsp;Datadog, Cl A \* | 158203 | 21623186 |
| &nbsp;&nbsp;&nbsp;DXC Technology \* | 926821 | 13392563 |
| &nbsp;&nbsp;&nbsp;Fortinet \* | 380376 | 29962218 |
| &nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise | 662372 | 14949736 |
| &nbsp;&nbsp;&nbsp;Informatica, Cl A \* | 560348 | 13969476 |
| &nbsp;&nbsp;&nbsp;Intel | 2168326 | 52798738 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 489992 | 119308152 |
| &nbsp;&nbsp;&nbsp;Marvell Technology | 428667 | 26948151 |
| &nbsp;&nbsp;&nbsp;Micron Technology | 556475 | 66226090 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — continued |  |  |
| &nbsp;&nbsp;&nbsp;Microsoft | 273381 | $138519419 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 808955 | 140903782 |
| &nbsp;&nbsp;&nbsp;Okta, Cl A \* | 143723 | 13333183 |
| &nbsp;&nbsp;&nbsp;Oracle | 570445 | 128994728 |
| &nbsp;&nbsp;&nbsp;Palantir Technologies, Cl A \* | 893217 | 139976036 |
| &nbsp;&nbsp;&nbsp;Pegasystems | 236846 | 12839422 |
| &nbsp;&nbsp;&nbsp;QUALCOMM | 546150 | 87782689 |
| &nbsp;&nbsp;&nbsp;Quantum Computing <sup>\*(A)</sup> | 786112 | 12404847 |
| &nbsp;&nbsp;&nbsp;Salesforce | 516564 | 132369525 |
| &nbsp;&nbsp;&nbsp;Seagate Technology Holdings | 104946 | 17567960 |
| &nbsp;&nbsp;&nbsp;ServiceNow \* | 103051 | 94545170 |
| &nbsp;&nbsp;&nbsp;Snowflake, Cl A \* | 165682 | 39541666 |
| &nbsp;&nbsp;&nbsp;SoundHound AI, Cl A <sup>\*(A)</sup> | 1125529 | 14654388 |
| &nbsp;&nbsp;&nbsp;Super Micro Computer \* | 296086 | 12299412 |
| &nbsp;&nbsp;&nbsp;Synopsys \* | 92065 | 55563069 |
| &nbsp;&nbsp;&nbsp;Teradata \* | 618627 | 12978794 |
| &nbsp;&nbsp;&nbsp;Twilio, Cl A \* | 103467 | 10927150 |
| &nbsp;&nbsp;&nbsp;UiPath, Cl A \* | 1088482 | 12103920 |
| &nbsp;&nbsp;&nbsp;Verint Systems \* | 617586 | 12592579 |
| &nbsp;&nbsp;&nbsp;Workday, Cl A \* | 106857 | 24664733 |
| &nbsp;&nbsp;&nbsp;Zebra Technologies, Cl A \* | 40821 | 12943931 |
| &nbsp;&nbsp;&nbsp;Zscaler \* | 77677 | 21520413 |
|  |  | 2353453790 |
| TOTAL UNITED STATES |  | 3242836303 |
| TOTAL COMMON STOCK <br> (Cost $3,931,570,193) |  | 4629604790 |
|  | **Face Amount** |  |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC <br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $14,729,539 (collateralized by various U.S. Treasury Obligations, ranging in par value $826 - $2,605,042, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $14,960,815) | $14722374 | 14722374 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Daiwa Capital Markets America, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $13,845,704 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $970 - $2,884,337, 2.000% - 7.500%, 04/23/2027 - 07/20/2065, with a total market value of $14,056,243) | $13839031 | $13839031 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $232,112 (collateralized by various U.S. Treasury Obligations, ranging in par value $186 - $87,998, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $236,597) | 232000 | 232000 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $13,845,704 (collateralized by various U.S. Government Obligations, ranging in par value $1,782 - $5,472,610, 2.000% - 6.500%, 06/01/2028 - 06/01/2064, with a total market value of $14,067,303) | 13839031 | 13839031 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $1,909,672 (collateralized by various a U.S. Treasury Obligation, par value $1,867,825, 4.500%, 12/31/2031, with a total market value of $1,933,225) | 1908754 | 1908754 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $6,297,520 (collateralized by various U.S. Government Obligations, ranging in par value $2,518 - $1,258,897, 1.500% - 7.000%, 02/01/2032 - 03/01/2055, with a total market value of $6,398,597) | 6294485 | 6294485 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $1,619,940 (collateralized by various U.S. Treasury Obligations, ranging in par value $36,742 - $452,584, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $1,638,494) | $1619161 | $1619161 |
| &nbsp;&nbsp;&nbsp;RBC Dominion Securities, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $10,198,468 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $766 - $1,839,248, 0.000% - 7.000%, 09/11/2025 - 08/15/2055, with a total market value of $10,343,690) | 10193564 | 10193564 |
| TOTAL REPURCHASE AGREEMENTS <br> (Cost $62,648,400) |  | 62648400 |
| TOTAL INVESTMENTS — 101.2% <br> (Cost $3,994,218,593) |  | $4692253190 |

---

*Percentages are based on Net Assets of $4,635,002,806.*

*\** *Non-income producing security.*

*(A)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $60,006,337.*

*(B)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $62,648,400. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $0.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** |

---

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*4629604790* | $*—* | $*—* | $*4629604790* |
| &nbsp;&nbsp;&nbsp;*Repurchase Agreements* | *—* | *62648400* | *—* | *62648400* |
| *Total Investments in Securities* | $*4629604790* | $*62648400* | $*—* | $*4692253190* |

---

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Genomics & Biotechnology ETF** | **Global X Genomics & Biotechnology ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.9%** |  |  |
| **CHINA — 2.9%** |  |  |
| Health Care — 2.9% |  |  |
| &nbsp;&nbsp;&nbsp;Genscript Biotech <sup>\*(A)</sup> | 611718 | $1349635 |
| **GERMANY — 3.8%** |  |  |
| Health Care — 3.8% |  |  |
| &nbsp;&nbsp;&nbsp;BioNTech ADR \* | 14609 | 1460900 |
| &nbsp;&nbsp;&nbsp;CureVac \* | 51519 | 276657 |
| TOTAL GERMANY |  | 1737557 |
| **NETHERLANDS — 1.0%** |  |  |
| Health Care — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;uniQure \* | 27163 | 443572 |
| **SWITZERLAND — 4.9%** |  |  |
| Health Care — 4.9% |  |  |
| &nbsp;&nbsp;&nbsp;CRISPR Therapeutics <sup>\*(A)</sup> | 43537 | 2256523 |
| **UNITED KINGDOM — 2.1%** |  |  |
| Health Care — 2.1% |  |  |
| &nbsp;&nbsp;&nbsp;AstraZeneca PLC | 6096 | 971018 |
| **UNITED STATES — 85.2%** |  |  |
| Health Care — 85.2% |  |  |
| &nbsp;&nbsp;&nbsp;10X Genomics, Cl A \* | 55946 | 783803 |
| &nbsp;&nbsp;&nbsp;Agilent Technologies | 7985 | 1003395 |
| &nbsp;&nbsp;&nbsp;Allogene Therapeutics <sup>\*(A)</sup> | 77364 | 87421 |
| &nbsp;&nbsp;&nbsp;Alnylam Pharmaceuticals \* | 6935 | 3096547 |
| &nbsp;&nbsp;&nbsp;Arcturus Therapeutics Holdings \* | 13353 | 227135 |
| &nbsp;&nbsp;&nbsp;Arrowhead Pharmaceuticals \* | 62740 | 1382162 |
| &nbsp;&nbsp;&nbsp;Avidity Biosciences \* | 54690 | 2547460 |
| &nbsp;&nbsp;&nbsp;Beam Therapeutics <sup>\*(A)</sup> | 47180 | 771865 |
| &nbsp;&nbsp;&nbsp;BioMarin Pharmaceutical \* | 27082 | 1578068 |
| &nbsp;&nbsp;&nbsp;Bio-Techne | 33445 | 1827100 |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 17273 | 814940 |
| &nbsp;&nbsp;&nbsp;CareDx \* | 28337 | 387083 |
| &nbsp;&nbsp;&nbsp;Eli Lilly | 1010 | 739906 |
| &nbsp;&nbsp;&nbsp;Fulgent Genetics \* | 10888 | 241387 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Genomics & Biotechnology ETF** | **Global X Genomics & Biotechnology ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Health Care — continued |  |  |
| &nbsp;&nbsp;&nbsp;GeneDx Holdings, Cl A \* | 13674 | $1770646 |
| &nbsp;&nbsp;&nbsp;Gilead Sciences . | 7881 | 890317 |
| &nbsp;&nbsp;&nbsp;Guardant Health \* | 36761 | 2478427 |
| &nbsp;&nbsp;&nbsp;Illumina \* | 22004 | 2199520 |
| &nbsp;&nbsp;&nbsp;Intellia Therapeutics <sup>\*(A)</sup> | 53501 | 607504 |
| &nbsp;&nbsp;&nbsp;Legend Biotech ADR \* | 48911 | 1698679 |
| &nbsp;&nbsp;&nbsp;Maravai LifeSciences Holdings, Cl A \* | 63990 | 154856 |
| &nbsp;&nbsp;&nbsp;Moderna <sup>\*(A)</sup> | 63210 | 1522729 |
| &nbsp;&nbsp;&nbsp;Myriad Genetics \* | 48310 | 307735 |
| &nbsp;&nbsp;&nbsp;Natera \* | 11293 | 1900047 |
| &nbsp;&nbsp;&nbsp;Pacific Biosciences of California \*<sup>(A)</sup> | 144356 | 189106 |
| &nbsp;&nbsp;&nbsp;Personalis <sup>\*(A)</sup> | 33985 | 166187 |
| &nbsp;&nbsp;&nbsp;Praxis Precision Medicines \* | 10339 | 470838 |
| &nbsp;&nbsp;&nbsp;Prime Medicine <sup>\*(A)</sup> | 70353 | 227944 |
| &nbsp;&nbsp;&nbsp;QIAGEN <sup>(A)</sup> | 39643 | 1843399 |
| &nbsp;&nbsp;&nbsp;REGENXBIO \* | 24700 | 220571 |
| &nbsp;&nbsp;&nbsp;Rocket Pharmaceuticals <sup>\*(A)</sup> | 54108 | 177474 |
| &nbsp;&nbsp;&nbsp;Sana Biotechnology <sup>\*(A)</sup> | 73256 | 224163 |
| &nbsp;&nbsp;&nbsp;Sangamo Therapeutics \* | 165219 | 85914 |
| &nbsp;&nbsp;&nbsp;Sarepta Therapeutics <sup>\*(A)</sup> | 28168 | 512658 |
| &nbsp;&nbsp;&nbsp;Stoke Therapeutics <sup>\*(A)</sup> | 22852 | 451556 |
| &nbsp;&nbsp;&nbsp;Twist Bioscience \* | 30970 | 835261 |
| &nbsp;&nbsp;&nbsp;Ultragenyx Pharmaceutical \* | 44956 | 1346882 |
| &nbsp;&nbsp;&nbsp;Veracyte \* | 42233 | 1281349 |
| &nbsp;&nbsp;&nbsp;Vertex Pharmaceuticals \* | 3406 | 1331814 |
| &nbsp;&nbsp;&nbsp;Vir Biotechnology \* | 48111 | 237668 |
| &nbsp;&nbsp;&nbsp;WaVe Life Sciences \* | 67290 | 645984 |
| TOTAL UNITED STATES |  | 39267500 |
| TOTAL COMMON STOCK<br> (Cost $68,805,694) |  | 46025805 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Genomics & Biotechnology ETF** | **Global X Genomics & Biotechnology ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — 5.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC<br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $629,847 (collateralized by various U.S. Treasury Obligations, ranging in par value $35 - $111,394, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $639,737) | $629541 | $629541 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank Securities, Inc.<br> 4.270%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $160,814 (collateralized by various U.S. Treasury Obligations, ranging in par value $5,899 - $24,362, 1.125% - 5.250%, 02/15/2029 - 02/15/2052, with a total market value of $162,957) | 160738 | 160738 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $629,844 (collateralized by various U.S. Treasury Obligations, ranging in par value $504 - $238,785, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $642,014) | 629541 | 629541 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $629,844 (collateralized by various a U.S. Treasury Obligation, par value $616,042, 4.500%, 12/31/2031, with a total market value of $637,612) | 629541 | 629541 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Genomics & Biotechnology ETF** | **Global X Genomics & Biotechnology ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $629,844 (collateralized by various U.S. Treasury Obligations, ranging in par value $14,286 - $175,968, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $637,058) | $629541 | $629541 |
| TOTAL REPURCHASE AGREEMENTS<br> (Cost $2,678,902) |  | 2678902 |
| TOTAL INVESTMENTS — 105.7%<br> (Cost $71,484,596) |  | $48704707 |

---

*Percentages are based on Net Assets of $46,069,003.*

 

*\** *Non-income producing security.*

*(A)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $4,928,389.*

*(B)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $2,678,902. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $2,385,266.*

 

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*46025805* | $*—* | $*—* | $*46025805* |
| &nbsp;&nbsp;&nbsp;*Repurchase Agreements* | *—* | *2678902* | *—* | *2678902* |
| *Total Investments in Securities* | $*46025805* | $*2678902* | $*—* | $*48704707* |

---

*Amounts designated as "—" are $0 or have been rounded to $0.*

 

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

 

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Cloud Computing ETF** | **Global X Cloud Computing ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 100.0%** |  |  |
| **CANADA — 5.5%** |  |  |
| Information Technology — 5.5% |  |  |
| &nbsp;&nbsp;&nbsp;Shopify, Cl A \* | 122592 | $17319798 |
| **CHINA — 2.8%** |  |  |
| Consumer Discretionary — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Alibaba Group Holding ADR | 11002 | 1485270 |
| Information Technology — 2.3% |  |  |
| &nbsp;&nbsp;&nbsp;Kingsoft Cloud Holdings ADR <sup>\*(A)</sup> | 63187 | 933272 |
| &nbsp;&nbsp;&nbsp;Vnet Group ADR \* | 732382 | 6342428 |
|  |  | 7275700 |
| TOTAL CHINA |  | 8760970 |
| **ISRAEL — 3.2%** |  |  |
| Information Technology — 3.2% |  |  |
| &nbsp;&nbsp;&nbsp;Wix.com \* | 70896 | 10002008 |
| **JAPAN — 0.2%** |  |  |
| Information Technology — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;Oracle Japan | 7496 | 779849 |
| **SWEDEN — 2.4%** |  |  |
| Information Technology — 2.4% |  |  |
| &nbsp;&nbsp;&nbsp;Sinch \* | 2390595 | 7462678 |
| **UNITED STATES — 85.9%** |  |  |
| Communication Services — 2.7% |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A . | 26944 | 5736647 |
| &nbsp;&nbsp;&nbsp;PubMatic, Cl A \* | 111386 | 965717 |
| &nbsp;&nbsp;&nbsp;Vimeo \* | 433517 | 1820771 |
|  |  | 8523135 |
| Consumer Discretionary — 2.3% |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com \* | 31293 | 7166097 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Cloud Computing ETF** | **Global X Cloud Computing ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Health Care — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;HealthStream | 85255 | $2393960 |
| Industrials — 3.8% |  |  |
| &nbsp;&nbsp;&nbsp;Paycom Software | 52360 | 11893574 |
| Information Technology — 72.4% |  |  |
| &nbsp;&nbsp;&nbsp;Akamai Technologies \* | 146601 | 11600537 |
| &nbsp;&nbsp;&nbsp;Box, Cl A \* | 383837 | 12524601 |
| &nbsp;&nbsp;&nbsp;C3.ai, Cl A \* | 361526 | 6113405 |
| &nbsp;&nbsp;&nbsp;DigitalOcean Holdings \* | 256865 | 8378936 |
| &nbsp;&nbsp;&nbsp;Dropbox, Cl A \* | 412311 | 11981758 |
| &nbsp;&nbsp;&nbsp;Fastly, Cl A \* | 404067 | 3074950 |
| &nbsp;&nbsp;&nbsp;Five9 \* | 213231 | 5740179 |
| &nbsp;&nbsp;&nbsp;Freshworks, Cl A \* | 675820 | 9103295 |
| &nbsp;&nbsp;&nbsp;HubSpot \* | 19077 | 9217434 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 4296 | 1046033 |
| &nbsp;&nbsp;&nbsp;Microsoft . | 13974 | 7080486 |
| &nbsp;&nbsp;&nbsp;Procore Technologies \* | 188123 | 13076430 |
| &nbsp;&nbsp;&nbsp;Qualys \* | 93618 | 12714261 |
| &nbsp;&nbsp;&nbsp;Salesforce | 44149 | 11313181 |
| &nbsp;&nbsp;&nbsp;ServiceNow \* | 12413 | 11388431 |
| &nbsp;&nbsp;&nbsp;Snowflake, Cl A \* | 71915 | 17163234 |
| &nbsp;&nbsp;&nbsp;SPS Commerce \* | 83756 | 9238287 |
| &nbsp;&nbsp;&nbsp;Twilio, Cl A \* | 121489 | 12830453 |
| &nbsp;&nbsp;&nbsp;Workday, Cl A \* | 48217 | 11129448 |
| &nbsp;&nbsp;&nbsp;Workiva, Cl A \* | 145315 | 11950706 |
| &nbsp;&nbsp;&nbsp;Yext \* | 349138 | 3173664 |
| &nbsp;&nbsp;&nbsp;Zoom Video Communications, Cl A \* | 153927 | 12532736 |
| &nbsp;&nbsp;&nbsp;Zscaler \* | 52373 | 14509940 |
|  |  | 226882385 |
| Real Estate — 3.9% |  |  |
| &nbsp;&nbsp;&nbsp;Digital Realty Trust <sup>‡</sup> | 73458 | 12314499 |
| TOTAL UNITED STATES |  | 269173650 |
| TOTAL COMMON STOCK<br> (Cost $423,590,507) |  | 313498953 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Cloud Computing ETF** | **Global X Cloud Computing ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **SHORT-TERM INVESTMENT<sup>(B)(C)</sup> — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio, Cl Institutional, 4.250%<br> (Cost $733,321) | 733321 | $733321 |
| TOTAL INVESTMENTS — 100.2%<br> (Cost $424,323,828) |  | $314232274 |

---

*Percentages are based on Net Assets of $313,541,373.*

 

---

| | |
|:---|:---|
| *\** | *Non-income producing security.* |
| *‡* | *Real Estate Investment Trust* |
| *(A)* | *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $712,977.* |
| *(B)* | *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $733,321. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $0.* |
| *(C)* | *The rate reported on the Schedule of Investments is the 7-day effective yield as of August 31, 2025.* |

---

 

*As of August 31, 2025, 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.*

 

*Amounts designated as "—" are $0 or have been rounded to $0.*

 

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

 

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Dorsey Wright Thematic ETF (formerly, Global X Thematic Growth ETF)** | **Global X Dorsey Wright Thematic ETF (formerly, Global X Thematic Growth ETF)** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **EXCHANGE-TRADED FUNDS — 100.0%** |  |  |
| **International Equity Fund — 59.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Global X Artificial Intelligence & Technology ETF <sup>(A)(B)</sup> | 49442 | $2228845 |
| &nbsp;&nbsp;&nbsp;Global X Cybersecurity ETF <sup>(B)(C)</sup> | 53742 | 1839589 |
| &nbsp;&nbsp;&nbsp;Global X E-commerce ETF <sup>(B)(D)</sup> | 65809 | 2211472 |
|  |  | 6279906 |
| **Domestic Equity Fund — 40.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Global X Millennial Consumer ETF <sup>(B)(E)</sup> | 42236 | 2097115 |
| &nbsp;&nbsp;&nbsp;Global X US Infrastructure Development ETF <sup>(B)(F)(G)</sup> | 47497 | 2209085 |
|  |  | 4306200 |
| TOTAL EXCHANGE-TRADED FUNDS <br> (Cost $8,949,327) |  | 10586106 |
|  | **Face Amount** |  |
| **REPURCHASE AGREEMENTS<sup>(H)</sup> — 16.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC<br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $403,287 (collateralized by various U.S. Treasury Obligations, ranging in par value $23 - $71,325, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $409,619) | $403091 | 403091 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank Securities, Inc.<br> 4.270%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $102,969 (collateralized by various U.S. Treasury Obligations, ranging in par value $3,777 - $15,599, 1.125% - 5.250%, 02/15/2029 - 02/15/2052, with a total market value of $104,341) | 102920 | 102920 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $403,285 (collateralized by various U.S. Treasury Obligations, ranging in par value $323 - $152,892, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $411,077) | 403091 | 403091 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Dorsey Wright Thematic ETF (formerly, Global X Thematic Growth ETF)** | **Global X Dorsey Wright Thematic ETF (formerly, Global X Thematic Growth ETF)** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(H)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $403,285 (collateralized by various a U.S. Treasury Obligation, par value $394,448, 4.500%, 12/31/2031, with a total market value of $408,259) | $403091 | $403091 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $403,285 (collateralized by various U.S. Treasury Obligations, ranging in par value $9,147 - $112,671, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $407,904) | 403091 | 403091 |
| TOTAL REPURCHASE AGREEMENTS<br> (Cost $1,715,284) |  | 1715284 |
| TOTAL INVESTMENTS — 116.2%<br> (Cost $10,664,611) |  | $12301390 |

---

*Percentages are based on Net Assets of $10,588,239.*

&nbsp;&nbsp;&nbsp;&nbsp;*(A)* *For financial information on the Global X Artificial Intelligence & Technology ETF, please go to the Fund's website at https://www.globalxetfs.com/explore/.* 

*(B)* *Affiliated investment.* 

*(C)* *For financial information on the Global X Cybersecurity ETF, please go to the Fund's website at https://www.globalxetfs.com/explore/.* 

*(D)* *For financial information on the Global X E-commerce ETF, please go to the Fund's website at https://www.globalxetfs.com/explore/.* 

*(E)* *For financial information on the Global X Millennial Consumer ETF, please go to the Fund's website at https://www.globalxetfs.com/explore/.* 

*(F)* *For financial information on the Global X US Infrastructure Development ETF, please go to the Fund's website at https://www.globalxetfs.com/explore/.* 

*(G)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $1,655,756.* 

*(H)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $1,715,284. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $0.*![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Dorsey Wright Thematic ETF (formerly, Global X Thematic Growth ETF)** | **Global X Dorsey Wright Thematic ETF (formerly, Global X Thematic Growth ETF)** |

---

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Exchange-Traded Funds* | $*10586106* | $*—* | $*—* | $*10586106* |
| &nbsp;&nbsp;&nbsp;*Repurchase Agreements* | *—* | *1715284* | *—* | *1715284* |
| *Total Investments in Securities* | $*10586106* | $*1715284* | $*—* | $*12301390* |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Dorsey Wright Thematic ETF (formerly, Global X Thematic Growth ETF)** | **Global X Dorsey Wright Thematic ETF (formerly, Global X Thematic Growth ETF)** |

---

*The following is a summary of the Fund's transactions with affiliates for the period ended August 31, 2025:*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Value<br> 11/30/2024 | Purchases<br> at Cost | Proceeds<br> from Sales | Change in<br> Unrealized<br> Appreciation<br> (Depreciation) | Realized Gain<br> (Loss) | Value<br> 8/31/2025 | Income | Capital Gains |
| **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** | **Global X Artificial Intelligence & Technology ETF** |
| $— | $2144784 | $(327300) | $429432 | $(18071) | $2228845 | $2411 | $— |
| **Global X Cybersecurity ETF** | **Global X Cybersecurity ETF** | **Global X Cybersecurity ETF** | **Global X Cybersecurity ETF** | **Global X Cybersecurity ETF** | **Global X Cybersecurity ETF** | **Global X Cybersecurity ETF** | **Global X Cybersecurity ETF** |
|  | 2187644 | (454086) | 101225 | 4806 | 1839589 |  |  |
| **Global X E-commerce ETF** | **Global X E-commerce ETF** | **Global X E-commerce ETF** | **Global X E-commerce ETF** | **Global X E-commerce ETF** | **Global X E-commerce ETF** | **Global X E-commerce ETF** | **Global X E-commerce ETF** |
| 1870595 | 1074858 | (1040698) | 164970 | 141747 | 2211472 | 6898 |  |
| **Global X Millennial Consumer ETF** | **Global X Millennial Consumer ETF** | **Global X Millennial Consumer ETF** | **Global X Millennial Consumer ETF** | **Global X Millennial Consumer ETF** | **Global X Millennial Consumer ETF** | **Global X Millennial Consumer ETF** | **Global X Millennial Consumer ETF** |
|  | 1861856 | (2237) | 237328 | 168 | 2097115 | 764 |  |
| **Global X US Infrastructure Development ETF** | **Global X US Infrastructure Development ETF** | **Global X US Infrastructure Development ETF** | **Global X US Infrastructure Development ETF** | **Global X US Infrastructure Development ETF** | **Global X US Infrastructure Development ETF** | **Global X US Infrastructure Development ETF** | **Global X US Infrastructure Development ETF** |
|  | 2149425 | (347018) | 416665 | (9987) | 2209085 | 5243 |  |
| **Global X Data Center & Digital Infrastructure ETF** | **Global X Data Center & Digital Infrastructure ETF** | **Global X Data Center & Digital Infrastructure ETF** | **Global X Data Center & Digital Infrastructure ETF** | **Global X Data Center & Digital Infrastructure ETF** | **Global X Data Center & Digital Infrastructure ETF** | **Global X Data Center & Digital Infrastructure ETF** | **Global X Data Center & Digital Infrastructure ETF** |
| 1797852 | 2106 | (1689424) | (304671) | 194137 |  | 17317 |  |
| **Global X Disruptive Materials ETF** | **Global X Disruptive Materials ETF** | **Global X Disruptive Materials ETF** | **Global X Disruptive Materials ETF** | **Global X Disruptive Materials ETF** | **Global X Disruptive Materials ETF** | **Global X Disruptive Materials ETF** | **Global X Disruptive Materials ETF** |
| 1823533 | 2079 | (1673310) | 139837 | (292139) |  | 10601 |  |
| **Global X FinTech ETF** | **Global X FinTech ETF** | **Global X FinTech ETF** | **Global X FinTech ETF** | **Global X FinTech ETF** | **Global X FinTech ETF** | **Global X FinTech ETF** | **Global X FinTech ETF** |
| 2009298 | 2231 | (1708360) | 770253 | (1073422) |  | 9629 |  |
| **Global X Genomics & Biotechnology ETF** | **Global X Genomics & Biotechnology ETF** | **Global X Genomics & Biotechnology ETF** | **Global X Genomics & Biotechnology ETF** | **Global X Genomics & Biotechnology ETF** | **Global X Genomics & Biotechnology ETF** | **Global X Genomics & Biotechnology ETF** | **Global X Genomics & Biotechnology ETF** |
| 1503736 | 262062 | (1389458) | 1918722 | (2295062) |  |  |  |
| **Global X Lithium & Battery Tech ETF** | **Global X Lithium & Battery Tech ETF** | **Global X Lithium & Battery Tech ETF** | **Global X Lithium & Battery Tech ETF** | **Global X Lithium & Battery Tech ETF** | **Global X Lithium & Battery Tech ETF** | **Global X Lithium & Battery Tech ETF** | **Global X Lithium & Battery Tech ETF** |
| 1937834 | 2327 | (1713990) | 1439386 | (1665557) |  | 5443 |  |
| **Global X Renewable Energy Producers ETF** | **Global X Renewable Energy Producers ETF** | **Global X Renewable Energy Producers ETF** | **Global X Renewable Energy Producers ETF** | **Global X Renewable Energy Producers ETF** | **Global X Renewable Energy Producers ETF** | **Global X Renewable Energy Producers ETF** | **Global X Renewable Energy Producers ETF** |
| 1410567 | 339885 | (1585652) | 1079895 | (1244695) |  | 9012 |  |
| **Global X Solar ETF** | **Global X Solar ETF** | **Global X Solar ETF** | **Global X Solar ETF** | **Global X Solar ETF** | **Global X Solar ETF** | **Global X Solar ETF** | **Global X Solar ETF** |
| 1641329 | 190679 | (1531545) | 754466 | (1054929) |  | 5211 |  |
| **Global X Video Games & Esports ETF** | **Global X Video Games & Esports ETF** | **Global X Video Games & Esports ETF** | **Global X Video Games & Esports ETF** | **Global X Video Games & Esports ETF** | **Global X Video Games & Esports ETF** | **Global X Video Games & Esports ETF** | **Global X Video Games & Esports ETF** |
| 1768488 | 1927 | (1832767) | (333211) | 395563 |  | 14539 |  |
| **Totals:** | **Totals:** | **Totals:** | **Totals:** | **Totals:** | **Totals:** | **Totals:** | **Totals:** |
| $15763232 | $10221863 | $(15295845) | $6814297 | $(6917441) | $10586106 | $87068 | $— |

---

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Video Games & Esports ETF** | **Global X Video Games & Esports ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.9%** |  |  |
| **CHINA — 19.5%** |  |  |
| Communication Services — 19.5% |  |  |
| &nbsp;&nbsp;&nbsp;Bilibili ADR <sup>\*(A)</sup> | 293529 | $6827485 |
| &nbsp;&nbsp;&nbsp;Boyaa Interactive International <sup>(A)</sup> | 614600 | 621234 |
| &nbsp;&nbsp;&nbsp;DouYu International Holdings ADR | 60347 | 465879 |
| &nbsp;&nbsp;&nbsp;HUYA ADR | 146218 | 523460 |
| &nbsp;&nbsp;&nbsp;iDreamSky Technology Holdings <sup>\*(A)</sup> | 4507300 | 664892 |
| &nbsp;&nbsp;&nbsp;Kingsoft | 1604800 | 7015474 |
| &nbsp;&nbsp;&nbsp;NetDragon Websoft Holdings | 377000 | 503901 |
| &nbsp;&nbsp;&nbsp;NetEase ADR | 72155 | 9826790 |
| &nbsp;&nbsp;&nbsp;Tanwan <sup>\*(A)</sup> | 325600 | 642776 |
| &nbsp;&nbsp;&nbsp;XD | 454500 | 4710660 |
| TOTAL CHINA |  | 31802551 |
| **FRANCE — 3.4%** |  |  |
| Communication Services — 3.4% |  |  |
| &nbsp;&nbsp;&nbsp;Ubisoft Entertainment \* | 138484 | 1515261 |
| &nbsp;&nbsp;&nbsp;Vivendi | 1117605 | 3997707 |
| TOTAL FRANCE |  | 5512968 |
| **JAPAN — 30.9%** |  |  |
| Communication Services — 30.9% |  |  |
| &nbsp;&nbsp;&nbsp;Capcom | 246219 | 6716207 |
| &nbsp;&nbsp;&nbsp;DeNA <sup>(A)</sup> | 119522 | 1821423 |
| &nbsp;&nbsp;&nbsp;Gumi <sup>\*(A)</sup> | 107460 | 441331 |
| &nbsp;&nbsp;&nbsp;GungHo Online Entertainment | 71587 | 1353485 |
| &nbsp;&nbsp;&nbsp;Koei Tecmo Holdings <sup>(A)</sup> | 172563 | 2279489 |
| &nbsp;&nbsp;&nbsp;Konami Group | 69902 | 10666810 |
| &nbsp;&nbsp;&nbsp;MIXI | 55034 | 1227559 |
| &nbsp;&nbsp;&nbsp;Nexon | 384866 | 8794316 |
| &nbsp;&nbsp;&nbsp;Nintendo | 110052 | 9976449 |
| &nbsp;&nbsp;&nbsp;Square Enix Holdings | 105572 | 7287398 |
| TOTAL JAPAN |  | 50564467 |
| **POLAND — 4.2%** |  |  |
| Communication Services — 4.2% |  |  |
| &nbsp;&nbsp;&nbsp;CD Projekt <sup>(A)</sup> | 99048 | 6849830 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Video Games & Esports ETF** | **Global X Video Games & Esports ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| **SOUTH KOREA — 10.8%** |  |  |
| Communication Services — 10.8% |  |  |
| &nbsp;&nbsp;&nbsp;Com2uSCorp | 16186 | $457551 |
| &nbsp;&nbsp;&nbsp;Devsisters \* | 15559 | 558456 |
| &nbsp;&nbsp;&nbsp;Kakao Games \* | 68466 | 797313 |
| &nbsp;&nbsp;&nbsp;Krafton \* | 28594 | 6735864 |
| &nbsp;&nbsp;&nbsp;NCSoft | 31015 | 4528714 |
| &nbsp;&nbsp;&nbsp;Netmarble | 42140 | 1815635 |
| &nbsp;&nbsp;&nbsp;Nexon Games \* | 46505 | 465970 |
| &nbsp;&nbsp;&nbsp;Pearl Abyss \* | 53456 | 1257336 |
| &nbsp;&nbsp;&nbsp;Wemade \* | 33252 | 669704 |
| &nbsp;&nbsp;&nbsp;Wemade Max \* | 81924 | 410725 |
| TOTAL SOUTH KOREA |  | 17697268 |
| **SWEDEN — 2.1%** |  |  |
| Communication Services — 2.1% |  |  |
| &nbsp;&nbsp;&nbsp;Embracer Group, Cl B \* | 225809 | 2016669 |
| &nbsp;&nbsp;&nbsp;Modern Times Group MTG, Cl B \* | 141279 | 1461885 |
| TOTAL SWEDEN |  | 3478554 |
| **TAIWAN — 4.3%** |  |  |
| Communication Services — 4.3% |  |  |
| &nbsp;&nbsp;&nbsp;Gamania Digital Entertainment | 229800 | 451789 |
| &nbsp;&nbsp;&nbsp;International Games System | 261100 | 6534013 |
| TOTAL TAIWAN |  | 6985802 |
| **UNITED STATES — 24.7%** |  |  |
| Communication Services — 18.9% |  |  |
| &nbsp;&nbsp;&nbsp;Electronic Arts | 64220 | 11042629 |
| &nbsp;&nbsp;&nbsp;Playtika Holding | 111387 | 413246 |
| &nbsp;&nbsp;&nbsp;ROBLOX, Cl A \* | 78663 | 9800623 |
| &nbsp;&nbsp;&nbsp;Take-Two Interactive Software \* | 41131 | 9594628 |
|  |  | 30851126 |
| Information Technology — 5.8% |  |  |
| &nbsp;&nbsp;&nbsp;Corsair Gaming \* | 73032 | 652176 |
| &nbsp;&nbsp;&nbsp;Immersion | 60599 | 427829 |
| &nbsp;&nbsp;&nbsp;Turtle Beach \* | 36340 | 574899 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Video Games & Esports ETF** | **Global X Video Games & Esports ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — continued |  |  |
| &nbsp;&nbsp;&nbsp;Unity Software \* | 197640 | $7788992 |
|  |  | 9443896 |
| TOTAL UNITED STATES |  | 40295022 |
| TOTAL COMMON STOCK <br> (Cost $155,742,986) |  | 163186462 |
|  | **Face Amount** |  |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — 5.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC <br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,265,682 (collateralized by various U.S. Treasury Obligations, ranging in par value $127 - $400,705, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $2,301,257) | $2264580 | 2264580 |
| &nbsp;&nbsp;&nbsp;Daiwa Capital Markets America, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,129,733 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $149 - $443,666, 2.000% - 7.500%, 04/23/2027 - 07/20/2065, with a total market value of $2,162,117) | 2128706 | 2128706 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $60,859 (collateralized by various U.S. Treasury Obligations, ranging in par value $49 - $23,073, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $62,035) | 60830 | 60830 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Video Games & Esports ETF** | **Global X Video Games & Esports ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,129,733 (collateralized by various U.S. Government Obligations, ranging in par value $274 - $841,791, 2.000% - 6.500%, 06/01/2028 - 06/01/2064, with a total market value of $2,163,819) | $2128706 | $2128706 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $500,698 (collateralized by various a U.S. Treasury Obligation, par value $489,726, 4.500%, 12/31/2031, with a total market value of $506,873) | 500457 | 500457 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $424,733 (collateralized by various U.S. Treasury Obligations, ranging in par value $9,633 - $118,663, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $429,598) | 424529 | 424529 |
| &nbsp;&nbsp;&nbsp;RBC Dominion Securities, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,129,730 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $160 - $384,087, 0.000% - 7.000%, 09/11/2025 - 08/15/2055, with a total market value of $2,160,057) | 2128706 | 2128706 |
| TOTAL REPURCHASE AGREEMENTS<br> (Cost $9,636,514) |  | 9636514 |
| TOTAL INVESTMENTS — 105.8%<br> (Cost $165,379,500) |  | $172822976 |

---

*Percentages are based on Net Assets of $163,309,338.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Video Games & Esports ETF** | **Global X Video Games & Esports ETF** |

---

*\** *Non-income producing security.*

*(A)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $11,164,308.*

*(B)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $9,636,514. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $1,753,062.*

 

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| Investments in Securities | Level 1 | Level 2 | Level 3 | Total |
| &nbsp;&nbsp;&nbsp;Common Stock | $163186462 | $— | $*—* | $163186462 |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements |  | 9636514 |  | 9636514 |
| Total Investments in Securities | $163186462 | $9636514 | $— | $172822976 |

---

 

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Cybersecurity ETF** | **Global X Cybersecurity ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 100.0%** |  |  |
| **CANADA — 4.9%** |  |  |
| Information Technology — 4.9% |  |  |
| &nbsp;&nbsp;&nbsp;BlackBerry \* | 14464836 | $55400322 |
| **ISRAEL — 8.5%** |  |  |
| Information Technology — 8.5% |  |  |
| &nbsp;&nbsp;&nbsp;Check Point Software Technologies \* | 303562 | 58629965 |
| &nbsp;&nbsp;&nbsp;Radware \* | 1496585 | 37773805 |
| TOTAL ISRAEL |  | 96403770 |
| **JAPAN — 6.9%** |  |  |
| Information Technology — 6.9% |  |  |
| &nbsp;&nbsp;&nbsp;Digital Arts | 503673 | 26551534 |
| &nbsp;&nbsp;&nbsp;Hennge <sup>(A)</sup> | 1155215 | 14429861 |
| &nbsp;&nbsp;&nbsp;Trend Micro | 690933 | 36945445 |
| TOTAL JAPAN |  | 77926840 |
| **SOUTH KOREA — 1.5%** |  |  |
| Information Technology — 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;Ahnlab | 389425 | 16890723 |
| **UNITED STATES — 78.2%** |  |  |
| Information Technology — 78.2% |  |  |
| &nbsp;&nbsp;&nbsp;A10 Networks | 2592770 | 45917957 |
| &nbsp;&nbsp;&nbsp;Crowdstrike Holdings, Cl A \* | 150344 | 63700753 |
| &nbsp;&nbsp;&nbsp;CyberArk Software \* | 138407 | 62734357 |
| &nbsp;&nbsp;&nbsp;Fortinet \* | 623701 | 49128928 |
| &nbsp;&nbsp;&nbsp;Gen Digital | 1904158 | 57505572 |
| &nbsp;&nbsp;&nbsp;Okta, Cl A \* | 581045 | 53903545 |
| &nbsp;&nbsp;&nbsp;OneSpan . | 1340694 | 20277997 |
| &nbsp;&nbsp;&nbsp;Palo Alto Networks \* | 348867 | 66466141 |
| &nbsp;&nbsp;&nbsp;Qualys <sup>\*(A)</sup> | 383793 | 52122927 |
| &nbsp;&nbsp;&nbsp;Rapid7 \* | 2082234 | 43123066 |
| &nbsp;&nbsp;&nbsp;Rubrik, Cl A <sup>\*(A)</sup> | 685551 | 61288259 |
| &nbsp;&nbsp;&nbsp;Sailpoint <sup>\*(A)</sup> | 2790314 | 57592081 |
| &nbsp;&nbsp;&nbsp;SentinelOne, Cl A \* | 2624884 | 49505312 |
| &nbsp;&nbsp;&nbsp;Telos \* | 1171561 | 7240247 |
| &nbsp;&nbsp;&nbsp;Tenable Holdings \* | 1585762 | 49031761 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Cybersecurity ETF** | **Global X Cybersecurity ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — continued |  |  |
| &nbsp;&nbsp;&nbsp;Varonis Systems, Cl B \* | 1141415 | $67366313 |
| &nbsp;&nbsp;&nbsp;Zscaler \* | 286205 | 79293095 |
| TOTAL UNITED STATES |  | 886198311 |
| TOTAL COMMON STOCK<br> (Cost $1,011,406,760) |  | 1132819966 |
|  | **Face Amount** |  |
| **U.S. TREASURY OBLIGATION — 4.6%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bills<br> 4.257%, 09/30/2025<sup>(B)</sup> | $52000000 | 51828313 |
| TOTAL U.S. TREASURY OBLIGATION<br> (Cost $51,834,504) |  | 51828313 |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC<br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $5,702,354 (collateralized by various U.S. Treasury Obligations, ranging in par value $320 - $1,008,509, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $5,791,889) | 5699580 | 5699580 |
| &nbsp;&nbsp;&nbsp;Daiwa Capital Markets America, Inc.<br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $5,360,189 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $375 - $1,116,634, 2.000% - 7.500%, 04/23/2027 - 07/20/2065, with a total market value of $5,441,696) | 5357605 | 5357605 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $89,875 (collateralized by various U.S. Treasury Obligations, ranging in par value $72 - $34,073, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $91,612) | 89832 | 89832 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Cybersecurity ETF** | **Global X Cybersecurity ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc.<br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $5,360,189 (collateralized by various U.S. Government Obligations, ranging in par value $690 - $2,118,652, 2.000% - 6.500%, 06/01/2028 - 06/01/2064, with a total market value of $5,445,978) | $5357605 | $5357605 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $739,428 (collateralized by various a U.S. Treasury Obligation, par value $723,224, 4.500%, 12/31/2031, with a total market value of $748,547) | 739072 | 739072 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC<br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,418,852 (collateralized by various U.S. Government Obligations, ranging in par value $967 - $483,537, 1.500% - 7.000%, 02/01/2032 - 03/01/2055, with a total market value of $2,457,675) | 2417686 | 2417686 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $627,245 (collateralized by various U.S. Treasury Obligations, ranging in par value $14,227 - $175,242, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $634,429) | 626943 | 626943 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Cybersecurity ETF** | **Global X Cybersecurity ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;RBC Dominion Securities, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $3,967,118 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $298 - $715,452, 0.000% - 7.000%, 09/11/2025 - 08/15/2055, with a total market value of $4,023,608) | $3965210 | $3965210 |
| TOTAL REPURCHASE AGREEMENTS<br> (Cost $24,253,533) |  | 24253533 |
| TOTAL INVESTMENTS — 106.7%<br> (Cost $1,087,494,797) |  | $1208901812 |

---

*Percentages are based on Net Assets of $1,132,934,004.*

 

*\** *Non-income producing security.*

*(A)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $25,767,114.*

*(B)* *Interest rate represents the security's effective yield at the time of purchase.*

*(C)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $24,253,533. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $2,498,212.*

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Cybersecurity ETF** | **Global X Cybersecurity ETF** |

---

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*1132819966* | $*—* | $*—* | $*1132819966* |
| &nbsp;&nbsp;&nbsp;*U.S. Treasury Obligation* | *—* | *51828313* | *—* | *51828313* |
| &nbsp;&nbsp;&nbsp;*Repurchase Agreements* | *—* | *24253533* | *—* | *24253533* |
| *Total Investments in Securities* | $*1132819966* | $*76081846* | $*—* | $*1208901812* |

---

*Amounts designated as "—" are $0 or have been rounded to $0.*

 

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

 

*See "Glossary" for abbreviations.*

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X HealthTech ETF (formerly, Global X Telemedicine & Digital Health ETF)** | **Global X HealthTech ETF (formerly, Global X Telemedicine & Digital Health ETF)** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 100.0%** |  |  |
| **AUSTRALIA — 4.9%** |  |  |
| Health Care — 4.9% |  |  |
| &nbsp;&nbsp;&nbsp;Pro Medicus | 11275 | $2205070 |
| **CANADA — 0.7%** |  |  |
| Health Care — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Well Health Technologies \* | 86868 | 302436 |
| **CHINA — 3.3%** |  |  |
| Consumer Staples — 3.3% |  |  |
| &nbsp;&nbsp;&nbsp;Alibaba Health Information Technology \* | 2123500 | 1487241 |
| **DENMARK — 3.1%** |  |  |
| Health Care — 3.1% |  |  |
| &nbsp;&nbsp;&nbsp;Demant \* | 36202 | 1385125 |
| **JAPAN — 0.2%** |  |  |
| Health Care — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;PHC Holdings | 12353 | 83040 |
| **NETHERLANDS — 4.2%** |  |  |
| Health Care — 4.2% |  |  |
| &nbsp;&nbsp;&nbsp;Koninklijke Philips | 67454 | 1859379 |
| **SWEDEN — 0.6%** |  |  |
| Health Care — 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;RaySearch Laboratories | 10226 | 286815 |
| **UNITED STATES — 83.0%** |  |  |
| Financials — 2.8% |  |  |
| &nbsp;&nbsp;&nbsp;Oscar Health, Cl A \* | 73529 | 1224993 |
| Health Care — 80.2% |  |  |
| &nbsp;&nbsp;&nbsp;agilon health \* | 131069 | 167768 |
| &nbsp;&nbsp;&nbsp;Alignment Healthcare \* | 57428 | 939522 |
| &nbsp;&nbsp;&nbsp;Astrana Health \* | 16223 | 518487 |
| &nbsp;&nbsp;&nbsp;Butterfly Network \* | 84668 | 136316 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X HealthTech ETF (formerly, Global X Telemedicine & Digital Health ETF)** | **Global X HealthTech ETF (formerly, Global X Telemedicine & Digital Health ETF)** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Health Care — continued |  |  |
| &nbsp;&nbsp;&nbsp;Ceribell \* | 8463 | $100117 |
| &nbsp;&nbsp;&nbsp;Clover Health Investments, Cl A \* | 181709 | 476078 |
| &nbsp;&nbsp;&nbsp;Dexcom \* | 21334 | 1607304 |
| &nbsp;&nbsp;&nbsp;Doximity, Cl A \* | 29358 | 1994583 |
| &nbsp;&nbsp;&nbsp;Evolent Health, Cl A \* | 43138 | 416282 |
| &nbsp;&nbsp;&nbsp;GE HealthCare Technologies | 24695 | 1820762 |
| &nbsp;&nbsp;&nbsp;Hims & Hers Health \* | 42667 | 1806948 |
| &nbsp;&nbsp;&nbsp;Inspire Medical Systems \* | 10918 | 1022907 |
| &nbsp;&nbsp;&nbsp;Insulet \* | 6767 | 2299968 |
| &nbsp;&nbsp;&nbsp;Intuitive Surgical \* | 3285 | 1554774 |
| &nbsp;&nbsp;&nbsp;IQVIA Holdings \* | 11332 | 2162259 |
| &nbsp;&nbsp;&nbsp;iRhythm Technologies \* | 11159 | 1896807 |
| &nbsp;&nbsp;&nbsp;LifeStance Health Group \* | 50228 | 275249 |
| &nbsp;&nbsp;&nbsp;Masimo \* | 10448 | 1459690 |
| &nbsp;&nbsp;&nbsp;Novocure \* | 44720 | 551398 |
| &nbsp;&nbsp;&nbsp;Omnicell \* | 20430 | 665814 |
| &nbsp;&nbsp;&nbsp;Phreesia \* | 23191 | 734227 |
| &nbsp;&nbsp;&nbsp;Privia Health Group \* | 49505 | 1140595 |
| &nbsp;&nbsp;&nbsp;PROCEPT BioRobotics \* | 23832 | 957331 |
| &nbsp;&nbsp;&nbsp;ResMed | 7257 | 1992119 |
| &nbsp;&nbsp;&nbsp;Schrodinger \* | 28690 | 559742 |
| &nbsp;&nbsp;&nbsp;Simulations Plus | 8008 | 113473 |
| &nbsp;&nbsp;&nbsp;Tandem Diabetes Care \* | 23324 | 291783 |
| &nbsp;&nbsp;&nbsp;Teladoc Health \* | 79602 | 615324 |
| &nbsp;&nbsp;&nbsp;Tempus AI, Cl A \* | 30479 | 2312137 |
| &nbsp;&nbsp;&nbsp;TransMedics Group \* | 15329 | 1762222 |
| &nbsp;&nbsp;&nbsp;Veeva Systems, Cl A \* | 7352 | 1979158 |
| &nbsp;&nbsp;&nbsp;Waystar Holding \* | 40438 | 1531791 |
|  |  | 35862935 |
| TOTAL UNITED STATES |  | 37087928 |
| TOTAL COMMON STOCK<br> (Cost $58,808,716) |  | 44697034 |
| TOTAL INVESTMENTS — 100.0%<br> (Cost $58,808,716) |  | $44697034 |

---

*Percentages are based on Net Assets of $44,705,478.*

*\** *Non-income producing security.*

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X HealthTech ETF (formerly, Global X Telemedicine & Digital Health ETF)** | **Global X HealthTech ETF (formerly, Global X Telemedicine & Digital Health ETF)** |

---

*As of August 31, 2025, 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.*

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X CleanTech ETF** | **Global X CleanTech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.8%** |  |  |
| **CANADA — 1.7%** |  |  |
| Industrials — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Ballard Power Systems <sup>\* (A)</sup> | 96694 | $195322 |
| Information Technology — 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;Canadian Solar \* | 21365 | 208949 |
| TOTAL CANADA |  | 404271 |
| **CHINA — 15.0%** |  |  |
| Industrials — 6.6% |  |  |
| &nbsp;&nbsp;&nbsp;China Everbright Environment Group | 1787200 | 1006408 |
| &nbsp;&nbsp;&nbsp;Dongfang Electric, Cl H <sup>(A)</sup> | 109800 | 246055 |
| &nbsp;&nbsp;&nbsp;Goldwind Science & Technology, Cl H | 248700 | 281691 |
|  |  | 1534154 |
| Information Technology — 8.4% |  |  |
| &nbsp;&nbsp;&nbsp;Daqo New Energy ADR \* | 21342 | 541020 |
| &nbsp;&nbsp;&nbsp;Flat Glass Group, Cl H <sup>(A)</sup> | 144900 | 195533 |
| &nbsp;&nbsp;&nbsp;JinkoSolar Holding ADR <sup>(A)</sup> | 17167 | 396043 |
| &nbsp;&nbsp;&nbsp;Xinyi Solar Holdings <sup>(A)</sup> | 1858800 | 803524 |
|  |  | 1936120 |
| TOTAL CHINA |  | 3470274 |
| **DENMARK — 5.8%** |  |  |
| Industrials — 5.8% |  |  |
| &nbsp;&nbsp;&nbsp;Vestas Wind Systems | 67670 | 1347617 |
| **GERMANY — 6.1%** |  |  |
| Industrials — 4.8% |  |  |
| &nbsp;&nbsp;&nbsp;Nordex \* | 45373 | 1109975 |
| Information Technology — 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;SMA Solar Technology <sup>\* (A)</sup> | 11091 | 294171 |
| TOTAL GERMANY |  | 1404146 |
| **SOUTH KOREA — 9.0%** |  |  |
| Industrials — 3.6% |  |  |
| &nbsp;&nbsp;&nbsp;CS Wind | 13544 | 406734 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X CleanTech ETF** | **Global X CleanTech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Industrials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Doosan Fuel Cell \* | 21100 | $434066 |
|  |  | 840800 |
| Information Technology — 5.4% |  |  |
| &nbsp;&nbsp;&nbsp;Samsung SDI | 8367 | 1245797 |
| TOTAL SOUTH KOREA |  | 2086597 |
| **SWEDEN — 4.3%** |  |  |
| Industrials — 4.3% |  |  |
| &nbsp;&nbsp;&nbsp;Nibe Industrier, Cl B | 242051 | 992644 |
| **SWITZERLAND — 3.2%** |  |  |
| Information Technology — 3.2% |  |  |
| &nbsp;&nbsp;&nbsp;Landis+Gyr Group | 9344 | 749578 |
| **TAIWAN — 5.8%** |  |  |
| Information Technology — 5.8% |  |  |
| &nbsp;&nbsp;&nbsp;Dynapack International Technology | 48500 | 577504 |
| &nbsp;&nbsp;&nbsp;Simplo Technology | 59864 | 772546 |
| TOTAL TAIWAN |  | 1350050 |
| **TURKEY — 1.2%** |  |  |
| Information Technology — 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Alfa Solar Enerji Sanayi VE Ticaret | 118858 | 141705 |
| &nbsp;&nbsp;&nbsp;Smart Gunes Enerjisi Teknolojileri ArGE Uretim Sanayi ve Ticaret \* | 195685 | 146942 |
| TOTAL TURKEY |  | 288647 |
| **UNITED KINGDOM — 4.7%** |  |  |
| Materials — 4.7% |  |  |
| &nbsp;&nbsp;&nbsp;Johnson Matthey PLC | 42084 | 1086541 |
| **UNITED STATES — 43.0%** |  |  |
| Consumer Discretionary — 5.6% |  |  |
| &nbsp;&nbsp;&nbsp;QuantumScape, Cl A <sup>\* (A)</sup> | 162794 | 1290956 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X CleanTech ETF** | **Global X CleanTech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Industrials — 25.3% |  |  |
| &nbsp;&nbsp;&nbsp;Ameresco, Cl A \* | 11156 | $283697 |
| &nbsp;&nbsp;&nbsp;Array Technologies \* | 48982 | 441328 |
| &nbsp;&nbsp;&nbsp;Bloom Energy, Cl A \* | 32202 | 1704774 |
| &nbsp;&nbsp;&nbsp;Eos Energy Enterprises <sup>\* (A)</sup> | 73037 | 503955 |
| &nbsp;&nbsp;&nbsp;Fluence Energy, Cl A <sup>\* (A)</sup> | 41853 | 309712 |
| &nbsp;&nbsp;&nbsp;Microvast Holdings <sup>\* (A)</sup> | 104835 | 279910 |
| &nbsp;&nbsp;&nbsp;NEXTracker, Cl A \* | 22729 | 1528753 |
| &nbsp;&nbsp;&nbsp;Plug Power <sup>\* (A)</sup> | 298383 | 468461 |
| &nbsp;&nbsp;&nbsp;Shoals Technologies Group, Cl A \* | 53937 | 351130 |
|  |  | 5871720 |
| Information Technology — 12.1% |  |  |
| &nbsp;&nbsp;&nbsp;Enphase Energy <sup>\* (A)</sup> | 17691 | 666951 |
| &nbsp;&nbsp;&nbsp;First Solar \* | 7731 | 1509014 |
| &nbsp;&nbsp;&nbsp;SolarEdge Technologies <sup>\* (A)</sup> | 18999 | 642546 |
|  |  | 2818511 |
| TOTAL UNITED STATES |  | 9981187 |
| TOTAL COMMON STOCK<br> (Cost $57,609,361) |  | 23161552 |
|  | **Face Amount** |  |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — 13.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC<br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $731,751 (collateralized by various U.S. Treasury Obligations, ranging in par value $41 - $129,416, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $743,241) | $731395 | 731395 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank Securities, Inc.<br> 4.270%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $186,828 (collateralized by various U.S. Treasury Obligations, ranging in par value $6,853 - $28,303, 1.125% - 5.250%, 02/15/2029 - 02/15/2052, with a total market value of $189,317) | 186739 | 186739 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X CleanTech ETF** | **Global X CleanTech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $731,747 (collateralized by various U.S. Treasury Obligations, ranging in par value $586 - $277,418, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $745,886) | $731395 | $731395 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $731,747 (collateralized by various a U.S. Treasury Obligation, par value $715,712, 4.500%, 12/31/2031, with a total market value of $740,772) | 731395 | 731395 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $731,747 (collateralized by various U.S. Treasury Obligations, ranging in par value $16,597 - $204,438, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $740,128) | 731395 | 731395 |
| TOTAL REPURCHASE AGREEMENTS<br> (Cost $3,112,319) |  | 3112319 |
| TOTAL INVESTMENTS — 113.2%<br> (Cost $60,721,680) |  | $26273871 |

---

*Percentages are based on Net Assets of $23,219,446.*

*\** *Non-income producing security.*

*(A)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $4,339,617.*

*(B)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $3,112,319. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $1,448,562.*

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X CleanTech ETF** | **Global X CleanTech ETF** |

---

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*23161552* | $*—* | $*—* | $*23161552* |
| &nbsp;&nbsp;&nbsp;*Repurchase Agreements* | *—* | *3112319* | *—* | *3112319* |
| *Total Investments in Securities* | $*23161552* | $*3112319* | $*—* | $*26273871* |

---

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Data Center & Digital Infrastructure ETF** | **Global X Data Center & Digital Infrastructure ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.8%** |  |  |
| **AUSTRALIA — 5.4%** |  |  |
| Information Technology — 5.4% |  |  |
| &nbsp;&nbsp;&nbsp;NEXTDC \* | 1876598 | $20265902 |
| **CHINA — 11.4%** |  |  |
| Communication Services — 3.6% |  |  |
| &nbsp;&nbsp;&nbsp;China Tower, Cl H | 9025650 | 13591992 |
| Information Technology — 7.8% |  |  |
| &nbsp;&nbsp;&nbsp;GDS Holdings ADR \*<sup>(A)</sup> | 448240 | 15491175 |
| &nbsp;&nbsp;&nbsp;Vnet Group ADR \* | 1625970 | 14080900 |
|  |  | 29572075 |
| TOTAL CHINA |  | 43164067 |
| **HONG KONG — 1.1%** |  |  |
| Information Technology — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;SUNeVision Holdings | 4301800 | 4210283 |
| **SINGAPORE — 4.7%** |  |  |
| Real Estate — 4.7% |  |  |
| &nbsp;&nbsp;&nbsp;Keppel DC REIT <sup>‡</sup> | 9749856 | 17934264 |
| **SOUTH KOREA — 1.8%** |  |  |
| Information Technology — 1.8% |  |  |
| &nbsp;&nbsp;&nbsp;SK Hynix | 34472 | 6670000 |
| **TAIWAN — 3.1%** |  |  |
| Information Technology — 3.1% |  |  |
| &nbsp;&nbsp;&nbsp;Elite Semiconductor Microelectronics Technology | 1961000 | 3662903 |
| &nbsp;&nbsp;&nbsp;Winbond Electronics \* | 12253319 | 7896445 |
| TOTAL TAIWAN |  | 11559348 |
| **UNITED KINGDOM — 1.9%** |  |  |
| Information Technology — 1.9% |  |  |
| &nbsp;&nbsp;&nbsp;ARM Holdings PLC ADR \*<sup>(A)</sup> | 50942 | 7045788 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Data Center & Digital Infrastructure ETF** | **Global X Data Center & Digital Infrastructure ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| **UNITED STATES — 70.4%** |  |  |
| Communication Services — 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;Uniti Group <sup>‡</sup> \* | 1026871 | $6469286 |
| Information Technology — 20.7% |  |  |
| &nbsp;&nbsp;&nbsp;Advanced Micro Devices \* | 48263 | 7849012 |
| &nbsp;&nbsp;&nbsp;Applied Digital \*<sup>(A)</sup> | 1267768 | 20258933 |
| &nbsp;&nbsp;&nbsp;Broadcom | 26732 | 7949829 |
| &nbsp;&nbsp;&nbsp;Intel | 327671 | 7978789 |
| &nbsp;&nbsp;&nbsp;Marvell Technology | 103321 | 6495275 |
| &nbsp;&nbsp;&nbsp;Microchip Technology | 102164 | 6640660 |
| &nbsp;&nbsp;&nbsp;Micron Technology | 62527 | 7441338 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 43814 | 7631522 |
| &nbsp;&nbsp;&nbsp;Super Micro Computer \* | 140754 | 5846921 |
|  |  | 78092279 |
| Real Estate — 48.0% |  |  |
| &nbsp;&nbsp;&nbsp;American Tower <sup>‡</sup> | 205969 | 41986781 |
| &nbsp;&nbsp;&nbsp;Crown Castle <sup>‡</sup> | 331738 | 32888505 |
| &nbsp;&nbsp;&nbsp;Digital Realty Trust <sup>‡</sup> | 263540 | 44179846 |
| &nbsp;&nbsp;&nbsp;Equinix ‡ | 59405 | 46703617 |
| &nbsp;&nbsp;&nbsp;SBA Communications, Cl A <sup>‡</sup> | 73561 | 15068971 |
|  |  | 180827720 |
| TOTAL UNITED STATES |  | 265389285 |
| TOTAL COMMON STOCK<br> (Cost $350,228,584) |  | 376238937 |
|  | **Face Amount** |  |
| **U.S. TREASURY OBLIGATION — 6.6%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bills<br> 4.257%, 09/30/2025<sup>(B)</sup> | $25000000 | 24917458 |
| TOTAL U.S. TREASURY OBLIGATION<br> (Cost $24,920,435) |  | 24917458 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Data Center & Digital Infrastructure ETF** | **Global X Data Center & Digital Infrastructure ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — 7.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC <br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $6,635,533 (collateralized by various U.S. Treasury Obligations, ranging in par value $372 - $1,173,550, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $6,739,720) | $6632305 | $6632305 |
| &nbsp;&nbsp;&nbsp;Daiwa Capital Markets America, Inc.<br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $6,237,373 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $437 - $1,299,370, 2.000% - 7.500%, 04/23/2027 - 07/20/2065, with a total market value of $6,332,219) | 6234367 | 6234367 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $104,599 (collateralized by various U.S. Treasury Obligations, ranging in par value $84 - $39,655, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $106,620) | 104549 | 104549 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc.<br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $6,237,373 (collateralized by various U.S. Government Obligations, ranging in par value $803 - $2,465,365, 2.000% - 6.500%, 06/01/2028 - 06/01/2064, with a total market value of $6,337,202) | 6234367 | 6234367 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $860,566 (collateralized by various a U.S. Treasury Obligation, par value $841,708, 4.500%, 12/31/2031, with a total market value of $871,179) | 860152 | 860152 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Data Center & Digital Infrastructure ETF** | **Global X Data Center & Digital Infrastructure ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC<br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,566,461 (collateralized by various U.S. Government Obligations, ranging in par value $1,026 - $513,045, 1.500% - 7.000%, 02/01/2032 - 03/01/2055, with a total market value of $2,607,653) | $2565224 | $2565224 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $730,002 (collateralized by various U.S. Treasury Obligations, ranging in par value $16,557 - $203,950, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $738,363) | 729651 | 729651 |
| &nbsp;&nbsp;&nbsp;RBC Dominion Securities, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $4,864,300 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $366 - $877,255, 0.000% - 7.000%, 09/11/2025 - 08/15/2055, with a total market value of $4,933,566) | 4861961 | 4861961 |
| TOTAL REPURCHASE AGREEMENTS<br> (Cost $28,222,576) |  | 28222576 |
| TOTAL INVESTMENTS — 113.9%<br> (Cost $403,371,595) |  | $429378971 |

---

*Percentages are based on Net Assets of $377,106,117.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Data Center & Digital Infrastructure ETF** | **Global X Data Center & Digital Infrastructure ETF** |

---

---

| | |
|:---|:---|
| *\** | *Non-income producing security.* |
| *‡* | *Real Estate Investment Trust* |
| *(A)* | *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $26,823,374.* |
| *(B)* | *Interest rate represents the security's effective yield at the time of purchase.* |
| *(C)* | *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $28,222,576. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $0.* |

---

 

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*376238937* | $*—* | $*—* | $*376238937* |
| &nbsp;&nbsp;&nbsp;*U.S. Treasury Obligation* | *—* | *24917458* | *—* | *24917458* |
| &nbsp;&nbsp;&nbsp;*Repurchase Agreements* | *—* | *28222576* | *—* | *28222576* |
| *Total Investments in Securities* | $*376238937* | $*53140034* | $*—* | $*429378971* |

---

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Clean Water ETF** | **Global X Clean Water ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.9%** |  |  |
| **BRAZIL — 5.6%** |  |  |
| Utilities — 5.6% |  |  |
| &nbsp;&nbsp;&nbsp;Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 28194 | $636223 |
| &nbsp;&nbsp;&nbsp;Cia de Saneamento de Minas Gerais Copasa MG | 12085 | 66547 |
| TOTAL BRAZIL |  | 702770 |
| **CHINA — 4.7%** |  |  |
| Industrials — 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;Beijing Originwater Technology, Cl A | 114400 | 72917 |
| Utilities — 4.1% |  |  |
| &nbsp;&nbsp;&nbsp;Beijing Capital Eco-Environment Protection Group, Cl A | 246800 | 108452 |
| &nbsp;&nbsp;&nbsp;Beijing Enterprises Water Group | 251640 | 83925 |
| &nbsp;&nbsp;&nbsp;Chengdu Xingrong Environment, Cl A | 78500 | 75163 |
| &nbsp;&nbsp;&nbsp;China Water Affairs Group | 50800 | 40466 |
| &nbsp;&nbsp;&nbsp;Chongqing Water Group, Cl A | 51200 | 33928 |
| &nbsp;&nbsp;&nbsp;Guangdong Investment | 182500 | 171127 |
|  |  | 513061 |
| TOTAL CHINA |  | 585978 |
| **JAPAN — 3.0%** |  |  |
| Industrials — 3.0% |  |  |
| &nbsp;&nbsp;&nbsp;Kurita Water Industries | 6394 | 219745 |
| &nbsp;&nbsp;&nbsp;Nomura Micro Science | 1738 | 38234 |
| &nbsp;&nbsp;&nbsp;Organo | 1637 | 125653 |
| TOTAL JAPAN |  | 383632 |
| **SAUDI ARABIA — 0.5%** |  |  |
| Utilities — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;AlKhorayef Water & Power Technologies | 912 | 30820 |
| &nbsp;&nbsp;&nbsp;Miahona | 4629 | 31335 |
| TOTAL SAUDI ARABIA |  | 62155 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Clean Water ETF** | **Global X Clean Water ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| **SINGAPORE — 0.9%** |  |  |
| Materials — 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;Keppel Infrastructure Trust | 324818 | $112661 |
| **SOUTH KOREA — 2.0%** |  |  |
| Consumer Discretionary — 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;Coway | 3421 | 256406 |
| **UNITED KINGDOM — 9.4%** |  |  |
| Utilities — 9.4% |  |  |
| &nbsp;&nbsp;&nbsp;Severn Trent PLC | 16050 | 560754 |
| &nbsp;&nbsp;&nbsp;United Utilities Group PLC | 39938 | 620515 |
| TOTAL UNITED KINGDOM |  | 1181269 |
| **UNITED STATES — 73.8%** |  |  |
| Consumer Staples — 2.4% |  |  |
| &nbsp;&nbsp;&nbsp;Primo Brands | 11998 | 301270 |
| Industrials — 51.3% |  |  |
| &nbsp;&nbsp;&nbsp;A O Smith | 7490 | 533962 |
| &nbsp;&nbsp;&nbsp;Advanced Drainage Systems | 3949 | 568538 |
| &nbsp;&nbsp;&nbsp;Core & Main, Cl A \* | 11767 | 761560 |
| &nbsp;&nbsp;&nbsp;Energy Recovery \* | 3568 | 50701 |
| &nbsp;&nbsp;&nbsp;Ferguson Enterprises | 4868 | 1125238 |
| &nbsp;&nbsp;&nbsp;Franklin Electric | 2521 | 246705 |
| &nbsp;&nbsp;&nbsp;Mueller Water Products, Cl A | 9879 | 260410 |
| &nbsp;&nbsp;&nbsp;NWPX Infrastructure \* | 628 | 33259 |
| &nbsp;&nbsp;&nbsp;Pentair PLC | 9273 | 997126 |
| &nbsp;&nbsp;&nbsp;Watts Water Technologies, Cl A | 1741 | 482083 |
| &nbsp;&nbsp;&nbsp;Xylem | 6933 | 981436 |
| &nbsp;&nbsp;&nbsp;Zurn Elkay Water Solutions | 9170 | 415951 |
|  |  | 6456969 |
| Information Technology — 2.8% |  |  |
| &nbsp;&nbsp;&nbsp;Badger Meter | 1885 | 344804 |
| Utilities — 17.3% |  |  |
| &nbsp;&nbsp;&nbsp;American States Water | 2412 | 179766 |
| &nbsp;&nbsp;&nbsp;American Water Works | 7138 | 1024374 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Clean Water ETF** | **Global X Clean Water ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Utilities — continued |  |  |
| &nbsp;&nbsp;&nbsp;California Water Service Group | 3790 | $177865 |
| &nbsp;&nbsp;&nbsp;Consolidated Water | 1225 | 40756 |
| &nbsp;&nbsp;&nbsp;Essential Utilities | 14263 | 563531 |
| &nbsp;&nbsp;&nbsp;H2O America | 1954 | 98423 |
| &nbsp;&nbsp;&nbsp;Middlesex Water | 1087 | 58198 |
| &nbsp;&nbsp;&nbsp;York Water | 1009 | 31350 |
|  |  | 2174263 |
| TOTAL UNITED STATES |  | 9277306 |
| TOTAL COMMON STOCK<br> (Cost $10,258,265) |  | 12562177 |
|  | **Face Amount** |  |
| **U.S. TREASURY OBLIGATION — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bills<br> 4.257%, 09/30/2025<sup>(A)</sup> | $267000 | 266118 |
| TOTAL U.S. TREASURY OBLIGATION<br> (Cost $266,150) |  | 266118 |
| TOTAL INVESTMENTS — 102.0%<br> (Cost $10,524,415) |  | $12828295 |

---

 

*Percentages are based on Net Assets of $12,578,657.*

*\** *Non-income producing security.* <br> *(A)* *Interest rate represents the security's effective yield at the time of purchase.*

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*12500022* | $*62155* | $*—* | $*12562177* |
| &nbsp;&nbsp;&nbsp;*U.S. Treasury Obligation* | *—* | *266118* | *—* | *266118* |
| *Total Investments in Securities* | $*12500022* | $*328273* | $*—* | $*12828295* |

---

*Amounts designated as "--" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X AgTech & Food Innovation ETF** | **Global X AgTech & Food Innovation ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.7%** |  |  |
| **ARGENTINA — 0.5%** |  |  |
| Materials — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Bioceres Crop Solutions \* | 16942 | $47268 |
| **AUSTRALIA — 2.6%** |  |  |
| Materials — 2.6% |  |  |
| &nbsp;&nbsp;&nbsp;Nufarm \* | 148888 | 236797 |
| **CANADA — 12.5%** |  |  |
| Consumer Staples — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Maple Leaf Foods | 1425 | 37489 |
| Materials — 12.1% |  |  |
| &nbsp;&nbsp;&nbsp;Nutrien | 19074 | 1099044 |
| TOTAL CANADA |  | 1136533 |
| **CHINA — 12.7%** |  |  |
| Consumer Staples — 12.7% |  |  |
| &nbsp;&nbsp;&nbsp;Cheng De Lolo, Cl A | 287880 | 350817 |
| &nbsp;&nbsp;&nbsp;Hebei Yangyuan Zhihui Beverage, Cl A | 125200 | 375453 |
| &nbsp;&nbsp;&nbsp;V V Food & Beverage, Cl A | 55500 | 26570 |
| &nbsp;&nbsp;&nbsp;Yuan Longping High-tech Agriculture, Cl A | 292500 | 409832 |
| TOTAL CHINA |  | 1162672 |
| **GERMANY — 4.0%** |  |  |
| Health Care — 4.0% |  |  |
| &nbsp;&nbsp;&nbsp;Bayer | 11113 | 364996 |
| **INDONESIA — 0.3%** |  |  |
| Consumer Staples — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Mayora Indah | 195400 | 24884 |
| **JAPAN — 12.5%** |  |  |
| Industrials — 12.5% |  |  |
| &nbsp;&nbsp;&nbsp;Kubota | 96694 | 1136356 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X AgTech & Food Innovation ETF** | **Global X AgTech & Food Innovation ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| **PHILIPPINES — 0.3%** |  |  |
| Consumer Staples — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Monde Nissin | 215105 | $26538 |
| **SAUDI ARABIA — 0.3%** |  |  |
| Consumer Staples — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Saudia Dairy & Foodstuff | 345 | 24587 |
| **SWITZERLAND — 0.3%** |  |  |
| Consumer Staples — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Bell Food Group | 85 | 26807 |
| **THAILAND — 0.1%** |  |  |
| Consumer Staples — 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;NR Instant Produce NVDR \*<sup>(A)</sup> | 574400 | 10993 |
| **UNITED STATES — 53.6%** |  |  |
| Consumer Discretionary — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;GrowGeneration \* | 29634 | 50378 |
| Consumer Staples — 12.1% |  |  |
| &nbsp;&nbsp;&nbsp;Archer-Daniels-Midland | 4827 | 302363 |
| &nbsp;&nbsp;&nbsp;Beyond Meat <sup>\*(B)</sup> | 32801 | 82002 |
| &nbsp;&nbsp;&nbsp;Hain Celestial Group \* | 13788 | 24818 |
| &nbsp;&nbsp;&nbsp;Kellanova | 3165 | 251618 |
| &nbsp;&nbsp;&nbsp;Laird Superfood <sup>\*(B)</sup> | 3886 | 22500 |
| &nbsp;&nbsp;&nbsp;Oatly Group ADR <sup>\*(B)</sup> | 15471 | 272058 |
| &nbsp;&nbsp;&nbsp;Sprouts Farmers Market \* | 1064 | 149535 |
|  |  | 1104894 |
| Industrials — 21.2% |  |  |
| &nbsp;&nbsp;&nbsp;AGCO | 3816 | 412853 |
| &nbsp;&nbsp;&nbsp;CNH Industrial | 30266 | 346545 |
| &nbsp;&nbsp;&nbsp;Deere | 2078 | 994614 |
| &nbsp;&nbsp;&nbsp;Titan Machinery \* | 8777 | 175540 |
|  |  | 1929552 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X AgTech & Food Innovation ETF** | **Global X AgTech & Food Innovation ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;Trimble <sup>\*(B)</sup> | 2262 | $182815 |
| Materials — 17.8% |  |  |
| &nbsp;&nbsp;&nbsp;Corteva | 16096 | 1194162 |
| &nbsp;&nbsp;&nbsp;FMC | 10340 | 404294 |
| &nbsp;&nbsp;&nbsp;Scotts Miracle-Gro, Cl A | 436 | 26692 |
|  |  | 1625148 |
| TOTAL UNITED STATES |  | 4892787 |
| TOTAL COMMON STOCK<br> (Cost $9,397,837) |  | 9091218 |
|  | **Face Amount** |  |
| **U.S. TREASURY OBLIGATION — 3.5%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bills<br> 4.257%, 09/30/2025<sup>(C)</sup> | $323000 | 321933 |
| TOTAL U.S. TREASURY OBLIGATION<br> (Cost $321,972) |  | 321933 |
| **REPURCHASE AGREEMENTS<sup>(D)</sup> — 4.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC<br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $249,121 (collateralized by various U.S. Treasury Obligations, ranging in par value $14 - $44,059, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $253,033) | 249000 | 249000 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $10,530 (collateralized by various U.S. Treasury Obligations, ranging in par value $8 - $3,992, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $10,734) | 10525 | 10525 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X AgTech & Food Innovation ETF** | **Global X AgTech & Food Innovation ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(D)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $86,632 (collateralized by various a U.S. Treasury Obligation, par value $84,733, 4.500%, 12/31/2031, with a total market value of $87,700) | $86590 | $86590 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc.<br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $73,489 (collateralized by various U.S. Treasury Obligations, ranging in par value $1,667 - $20,532, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $74,331) | 73454 | 73454 |
| TOTAL REPURCHASE AGREEMENTS<br> (Cost $419,569) |  | 419569 |
| TOTAL INVESTMENTS — 107.8%<br> (Cost $10,139,378) |  | $9832720 |

---

 

*Percentages are based on Net Assets of $9,119,091.*

*\** *Non-income producing security.*

*(A)* *Level 3 security in accordance with fair value hierarchy.*

*(B)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $394,473.*

*(C)* *Interest rate represents the security's effective yield at the time of purchase.*

*(D)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $419,569. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $0.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X AgTech & Food Innovation ETF** | **Global X AgTech & Food Innovation ETF** |

---

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Investments in Securities* | | *Level 1* | | *Level 2* | | *Level 3<sup>(1)</sup>* | | *Total* | |
| &nbsp;&nbsp;&nbsp;*Common Stock* | | $*9055638* | | $*24587* | | $*10993* | | $*9091218* | |
| &nbsp;&nbsp;&nbsp;*U.S. Treasury Obligation* | | *—* | | *321933* | | *—* | | *321933* | |
| &nbsp;&nbsp;&nbsp;*Repurchase Agreements* | | *—* | | *419569* | | *—* | | *419569* | |
| *Total Investments in Securities* | | $*9055638* | | $*766089* | | $*10993* | | $*9832720* | |

---

 

*(1) A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets.*

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Blockchain ETF** | **Global X Blockchain ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.9%** |  |  |
| **AUSTRALIA — 6.6%** |  |  |
| Information Technology — 6.6% |  |  |
| &nbsp;&nbsp;&nbsp;IREN <sup>\*(A)</sup> | 594549 | $15743657 |
| **CANADA — 12.6%** |  |  |
| Financials — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;WonderFi Technologies \* | 4880525 | 1226397 |
| Information Technology — 12.1% |  |  |
| &nbsp;&nbsp;&nbsp;Bitfarms <sup>\*(A)</sup> | 5232172 | 6973943 |
| &nbsp;&nbsp;&nbsp;Hive Digital Technologies \* | 2226482 | 6551577 |
| &nbsp;&nbsp;&nbsp;Hut 8 <sup>\*(A)</sup> | 516900 | 13813366 |
| &nbsp;&nbsp;&nbsp;Neptune Digital Assets \* | 1918821 | 1467469 |
|  |  | 28806355 |
| TOTAL CANADA |  | 30032752 |
| **CHINA — 4.1%** |  |  |
| Consumer Discretionary — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Cango ADR \* | 374123 | 1784567 |
| Financials — 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;OSL Group \* | 1535900 | 3333495 |
| Information Technology — 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;Canaan ADR \* | 4742899 | 3533460 |
| &nbsp;&nbsp;&nbsp;Mercurity Fintech Holding <sup>\*(A)</sup> | 163963 | 1146101 |
|  |  | 4679561 |
| TOTAL CHINA |  | 9797623 |
| **GERMANY — 1.0%** |  |  |
| Financials — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Bitcoin Group | 28058 | 1276229 |
| Information Technology — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Northern Data <sup>\*(A)</sup> | 62662 | 1246874 |
| TOTAL GERMANY |  | 2523103 |

---

![](logom2.jpg)

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** |  | **August 31, 2025 (Unaudited)** |
| | **Global X Blockchain ETF** | |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| **JERSEY — 0.4%** |  |  |
| Financials — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Coinshares International | 96182 | $1022170 |
| **UNITED STATES — 75.2%** |  |  |
| Financials — 14.7% |  |  |
| &nbsp;&nbsp;&nbsp;Bakkt Holdings, Cl A \* | 106898 | 937495 |
| &nbsp;&nbsp;&nbsp;Coinbase Global, Cl A \* | 85991 | 26187699 |
| &nbsp;&nbsp;&nbsp;Galaxy Digital Holdings \*<sup>(A)</sup> | 344314 | 8095310 |
|  |  | 35220504 |
| Information Technology — 60.5% |  |  |
| &nbsp;&nbsp;&nbsp;Applied Digital \* | 980034 | 15660943 |
| &nbsp;&nbsp;&nbsp;Bit Digital <sup>\*(A)</sup> | 3262832 | 8385478 |
| &nbsp;&nbsp;&nbsp;Bitdeer Technologies Group, Cl A <sup>\*(A)</sup> | 719624 | 10283427 |
| &nbsp;&nbsp;&nbsp;BitFuFu, Cl A <sup>\*(A)</sup> | 196380 | 759991 |
| &nbsp;&nbsp;&nbsp;Cipher Mining \* | 1628355 | 12440632 |
| &nbsp;&nbsp;&nbsp;Cleanspark <sup>\*(A)</sup> | 1531815 | 14506288 |
| &nbsp;&nbsp;&nbsp;Core Scientific \*<sup>(A)</sup> | 764519 | 10970848 |
| &nbsp;&nbsp;&nbsp;Exodus Movement \*<sup>(A)</sup> | 86710 | 2186826 |
| &nbsp;&nbsp;&nbsp;MARA Holdings <sup>\*(A)</sup> | 1415305 | 22616574 |
| &nbsp;&nbsp;&nbsp;Riot Platforms \* | 2005260 | 27592378 |
| &nbsp;&nbsp;&nbsp;TeraWulf <sup>\*(A)</sup> | 2037811 | 19257314 |
|  |  | 144660699 |
| TOTAL UNITED STATES |  | 179881203 |
| TOTAL COMMON STOCK<br> (Cost $182,758,207) |  | 239000508 |
|  | **Face Amount** |  |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — 24.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC <br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $13,948,973 (collateralized by various U.S. Treasury Obligations, ranging in par value $782 - $2,466,993, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $14,167,993) | $13942188 | 13942188 |

---

![](logom2.jpg)

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** |  | **August 31, 2025 (Unaudited)** |
| | **Global X Blockchain ETF** | |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Daiwa Capital Markets America, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $13,111,976 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $918 - $2,731,487, 2.000% - 7.500%, 04/23/2027 - 07/20/2065, with a total market value of $13,311,358) | $13105656 | $13105656 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $219,805 (collateralized by various U.S. Treasury Obligations, ranging in par value $176 - $83,332, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $224,052) | 219699 | 219699 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $13,111,976 (collateralized by various U.S. Government Obligations, ranging in par value $1,688 - $5,182,599, 2.000% - 6.500%, 06/01/2028 - 06/01/2064, with a total market value of $13,321,832) | 13105656 | 13105656 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $1,808,410 (collateralized by various a U.S. Treasury Obligation, par value $1,768,781, 4.500%, 12/31/2031, with a total market value of $1,830,713) | 1807540 | 1807540 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $5,840,731 (collateralized by various U.S. Government Obligations, ranging in par value $2,335 - $1,167,583, 1.500% - 7.000%, 02/01/2032 - 03/01/2055, with a total market value of $5,934,476) | 5837916 | 5837916 |

---

![](logom2.jpg)

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** |  | **August 31, 2025 (Unaudited)** |
| | **Global X Blockchain ETF** | |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(B)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $1,534,043 (collateralized by various U.S. Treasury Obligations, ranging in par value $34,794 - $428,586, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $1,551,613) | $1533305 | $1533305 |
| &nbsp;&nbsp;&nbsp;RBC Dominion Securities, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $9,781,204 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $735 - $1,763,996, 0.000% - 7.000%, 09/11/2025 - 08/15/2055, with a total market value of $9,920,484) | 9776500 | 9776500 |
| TOTAL REPURCHASE AGREEMENTS<br> (Cost $59,328,460) |  | 59328460 |
| TOTAL INVESTMENTS — 124.7%<br> (Cost $242,086,667) |  | $298328968 |

---

*Percentages are based on Net Assets of $239,186,125.*

*\** *Non-income producing security.*

*(A)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $66,516,812.*

*(B)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $59,328,460. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $8,207,703.*

![](logom2.jpg)

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** |  | **August 31, 2025 (Unaudited)** |
| | **Global X Blockchain ETF** | |

---

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*239000508* | $*—* | $*—* | $*239000508* |
| &nbsp;&nbsp;&nbsp;*Repurchase Agreements* | *—* | *59328460* | *—* | *59328460* |
| *Total Investments in Securities* | $*239000508* | $*59328460* | $*—* | $*298328968* |

---

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

 

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** |  | **August 31, 2025 (Unaudited)** |
| | **Global X Hydrogen ETF** | |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.8%** |  |  |
| **CANADA — 4.4%** |  |  |
| Industrials — 4.4% |  |  |
| &nbsp;&nbsp;&nbsp;Ballard Power Systems <sup>\*(A)</sup> | 874894 | $1767286 |
| **CHINA — 4.2%** |  |  |
| Industrials — 3.4% |  |  |
| &nbsp;&nbsp;&nbsp;Beijing Sinohytec, Cl H \* | 426800 | 1366487 |
| Information Technology — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Shenzhen Everwin Precision Technology, Cl A | 85500 | 315337 |
| TOTAL CHINA |  | 1681824 |
| **FRANCE — 0.3%** |  |  |
| Consumer Discretionary — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Opmobility | 6674 | 107648 |
| **GERMANY — 5.5%** |  |  |
| Industrials — 5.5% |  |  |
| &nbsp;&nbsp;&nbsp;SFC Energy <sup>\*(A)</sup> | 121464 | 2217897 |
| **JAPAN — 1.5%** |  |  |
| Consumer Discretionary — 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;Toyota Motor | 30194 | 590821 |
| **NORWAY — 3.1%** |  |  |
| Industrials — 3.1% |  |  |
| &nbsp;&nbsp;&nbsp;NEL <sup>\*(A)</sup> | 5466540 | 1256807 |
| **SINGAPORE — 0.3%** |  |  |
| Materials — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Nanofilm Technologies International | 190500 | 108391 |
| **SOUTH KOREA — 18.6%** |  |  |
| Consumer Discretionary — 4.0% |  |  |
| &nbsp;&nbsp;&nbsp;Iljin Hysolus ltd \* | 125302 | 1621423 |

---

![](logom2.jpg)

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** |  | **August 31, 2025 (Unaudited)** |
| | **Global X Hydrogen ETF** | |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Industrials — 14.3% |  |  |
| &nbsp;&nbsp;&nbsp;Bumhan Fuel Cell \* | 53692 | $915303 |
| &nbsp;&nbsp;&nbsp;Doosan | 660 | 265852 |
| &nbsp;&nbsp;&nbsp;Doosan Fuel Cell \* | 191640 | 3942387 |
| &nbsp;&nbsp;&nbsp;S-Fuelcell | 72622 | 631019 |
|  |  | 5754561 |
| Information Technology — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;MiCo \* | 8646 | 101743 |
| TOTAL SOUTH KOREA |  | 7477727 |
| **SWEDEN — 3.5%** |  |  |
| Industrials — 3.5% |  |  |
| &nbsp;&nbsp;&nbsp;PowerCell Sweden \* | 480906 | 1388961 |
| **UNITED KINGDOM — 13.5%** |  |  |
| Industrials — 12.4% |  |  |
| &nbsp;&nbsp;&nbsp;AFC Energy PLC <sup>\*(A)</sup> | 8919305 | 1144783 |
| &nbsp;&nbsp;&nbsp;Ceres Power Holdings PLC \* | 1255398 | 2001391 |
| &nbsp;&nbsp;&nbsp;ITM Power PLC <sup>\*(A)</sup> | 2031508 | 1822448 |
|  |  | 4968622 |
| Materials — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;Johnson Matthey PLC | 17420 | 449756 |
| TOTAL UNITED KINGDOM |  | 5418378 |
| **UNITED STATES — 44.9%** |  |  |
| Industrials — 43.5% |  |  |
| &nbsp;&nbsp;&nbsp;Bloom Energy, Cl A \* | 164740 | 8721336 |
| &nbsp;&nbsp;&nbsp;Cummins | 1650 | 657426 |
| &nbsp;&nbsp;&nbsp;FuelCell Energy \* | 301541 | 1266472 |
| &nbsp;&nbsp;&nbsp;Hyster-Yale | 1866 | 69975 |
| &nbsp;&nbsp;&nbsp;Plug Power <sup>\*(A)</sup> | 4289136 | 6733944 |
|  |  | 17449153 |

---

![](logom2.jpg)

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** |  | **August 31, 2025 (Unaudited)** |
| | **Global X Hydrogen ETF** | |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Materials — 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;Air Products & Chemicals | 1957 | $575573 |
| TOTAL UNITED STATES |  | 18024726 |
| TOTAL COMMON STOCK<br> (Cost $50,517,047) |  | 40040466 |
|  | **Face Amount** |  |
| **U.S. TREASURY OBLIGATION — 18.4%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bills <br> 4.257%, 09/30/2025<sup>(B)</sup> | $7400000 | 7375567 |
| TOTAL U.S. TREASURY OBLIGATION<br> (Cost $7,376,449) |  | 7375567 |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — 26.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC <br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,521,375 (collateralized by various U.S. Treasury Obligations, ranging in par value $141 - $445,926, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $2,560,965) | 2520149 | 2520149 |
| &nbsp;&nbsp;&nbsp;Daiwa Capital Markets America, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,370,082 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $166 - $493,736, 2.000% - 7.500%, 04/23/2027 - 07/20/2065, with a total market value of $2,406,122) | 2368940 | 2368940 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $39,763 (collateralized by various U.S. Treasury Obligations, ranging in par value $32 - $15,075, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $40,531) | 39744 | 39744 |

---

![](logom2.jpg)

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** |  | **August 31, 2025 (Unaudited)** |
| | **Global X Hydrogen ETF** | |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,370,082 (collateralized by various U.S. Government Obligations, ranging in par value $305 - $936,791, 2.000% - 6.500%, 06/01/2028 - 06/01/2064, with a total market value of $2,408,015) | $2368940 | $2368940 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $327,126 (collateralized by various a U.S. Treasury Obligation, par value $319,958, 4.500%, 12/31/2031, with a total market value of $331,161) | 326969 | 326969 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $1,069,480 (collateralized by various U.S. Government Obligations, ranging in par value $428 - $213,793, 1.500% - 7.000%, 02/01/2032 - 03/01/2055, with a total market value of $1,086,646) | 1068965 | 1068965 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $277,494 (collateralized by various U.S. Treasury Obligations, ranging in par value $6,294 - $77,527, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $280,673) | 277361 | 277361 |

---

![](logom2.jpg)

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** |  | **August 31, 2025 (Unaudited)** |
| | **Global X Hydrogen ETF** | |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;RBC Dominion Securities, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $1,753,814 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $132 - $316,293, 0.000% - 7.000%, 09/11/2025 - 08/15/2055, with a total market value of $1,778,788) | $1752971 | $1752971 |
| TOTAL REPURCHASE AGREEMENTS<br> (Cost $10,724,039) |  | 10724039 |
| TOTAL INVESTMENTS — 144.9%<br> (Cost $68,617,535) |  | $58140072 |

---

*Percentages are based on Net Assets of $40,133,759.*

 

*\** *Non-income producing security.*

*(A)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $10,711,862.*

*(B)* *Interest rate represents the security's effective yield at the time of purchase.*

*(C)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $10,724,039. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $985,405.*

![](logom2.jpg)

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** |  | **August 31, 2025 (Unaudited)** |
| | **Global X Hydrogen ETF** | |

---

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*40040466* | $*—* | $*—* | $*40040466* |
| &nbsp;&nbsp;&nbsp;*U.S. Treasury Obligation* | *—* | *7375567* | *—* | *7375567* |
| &nbsp;&nbsp;&nbsp;*Repurchase Agreements* | *—* | *10724039* | *—* | *10724039* |
| *Total Investments in Securities* | $*40040466* | $*18099606* | $*—* | $*58140072* |

---

*Amounts designated as "—" are $0 or have been rounded to $0.*

 

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

 

*See "Glossary" for abbreviations.*

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Defense Tech ETF** | **Global X Defense Tech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.9%** |  |  |
| **AUSTRALIA — 0.6%** |  |  |
| Industrials — 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;Austal \* | 1652566 | $8404088 |
| &nbsp;&nbsp;&nbsp;DroneShield <sup>\*(A)</sup> | 5574167 | 12039395 |
| TOTAL AUSTRALIA |  | 20443483 |
| **FRANCE — 5.1%** |  |  |
| Industrials — 5.1% |  |  |
| &nbsp;&nbsp;&nbsp;Dassault Aviation | 128097 | 40482934 |
| &nbsp;&nbsp;&nbsp;Thales | 516553 | 136160938 |
| TOTAL FRANCE |  | 176643872 |
| **GERMANY — 8.8%** |  |  |
| Industrials — 8.8% |  |  |
| &nbsp;&nbsp;&nbsp;Hensoldt | 429020 | 44516964 |
| &nbsp;&nbsp;&nbsp;Rheinmetall | 132011 | 261058343 |
| TOTAL GERMANY |  | 305575307 |
| **ISRAEL — 2.6%** |  |  |
| Industrials — 2.6% |  |  |
| &nbsp;&nbsp;&nbsp;Elbit Systems | 185444 | 89651643 |
| **ITALY — 4.4%** |  |  |
| Industrials — 4.4% |  |  |
| &nbsp;&nbsp;&nbsp;Leonardo | 2657026 | 151551931 |
| **JAPAN — 0.0%** |  |  |
| Information Technology — 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;Nippon Avionics <sup>(A)</sup> | 41456 | 1253633 |
| **SOUTH KOREA — 6.3%** |  |  |
| Industrials — 6.3% |  |  |
| &nbsp;&nbsp;&nbsp;Hanwha Aerospace | 211066 | 134207764 |
| &nbsp;&nbsp;&nbsp;Hanwha Systems | 525778 | 19249847 |
| &nbsp;&nbsp;&nbsp;Korea Aerospace Industries | 501888 | 34367731 |
| &nbsp;&nbsp;&nbsp;LIG Nex1 | 87058 | 30652682 |
| TOTAL SOUTH KOREA |  | 218478024 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Defense Tech ETF** | **Global X Defense Tech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| **SWEDEN — 4.2%** |  |  |
| Industrials — 4.2% |  |  |
| &nbsp;&nbsp;&nbsp;Saab, Cl B | 2585682 | $146191601 |
| **TURKEY — 0.5%** |  |  |
| Industrials — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Aselsan Elektronik Sanayi Ve Ticaret <sup>(A)</sup> | 3929158 | 17502179 |
| &nbsp;&nbsp;&nbsp;SDT Uzay VE Savunma Teknolojileri | 70062 | 353119 |
| TOTAL TURKEY |  | 17855298 |
| **UNITED KINGDOM — 9.4%** |  |  |
| Industrials — 9.4% |  |  |
| &nbsp;&nbsp;&nbsp;Babcock International Group PLC | 3405498 | 46745828 |
| &nbsp;&nbsp;&nbsp;BAE Systems PLC | 10068598 | 239074280 |
| &nbsp;&nbsp;&nbsp;Chemring Group PLC | 1846846 | 13399034 |
| &nbsp;&nbsp;&nbsp;Cohort PLC | 228888 | 3964419 |
| &nbsp;&nbsp;&nbsp;QinetiQ Group PLC | 3345938 | 21508536 |
| TOTAL UNITED KINGDOM |  | 324692097 |
| **UNITED STATES — 58.0%** |  |  |
| Industrials — 48.2% |  |  |
| &nbsp;&nbsp;&nbsp;AeroVironment \* | 198100 | 47811435 |
| &nbsp;&nbsp;&nbsp;Amentum Holdings \* | 1406438 | 35090628 |
| &nbsp;&nbsp;&nbsp;BlackSky Technology, Cl A <sup>\*(A)</sup> | 175775 | 3086609 |
| &nbsp;&nbsp;&nbsp;BWX Technologies | 650176 | 105354519 |
| &nbsp;&nbsp;&nbsp;General Dynamics | 525114 | 170436251 |
| &nbsp;&nbsp;&nbsp;Huntington Ingalls Industries | 277872 | 75244959 |
| &nbsp;&nbsp;&nbsp;Kratos Defense & Security Solutions \* | 1069686 | 70428126 |
| &nbsp;&nbsp;&nbsp;L3Harris Technologies | 589090 | 163543166 |
| &nbsp;&nbsp;&nbsp;Leidos Holdings | 906789 | 164056266 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin | 547891 | 249635576 |
| &nbsp;&nbsp;&nbsp;Mercury Systems \* | 418074 | 28240899 |
| &nbsp;&nbsp;&nbsp;Moog, Cl A | 197792 | 38737563 |
| &nbsp;&nbsp;&nbsp;National Presto Industries | 37538 | 3934733 |
| &nbsp;&nbsp;&nbsp;Northrop Grumman | 293334 | 173078794 |
| &nbsp;&nbsp;&nbsp;Parsons \* | 754908 | 60468131 |
| &nbsp;&nbsp;&nbsp;RTX | 1769493 | 280641590 |
|  |  | 1669789245 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Defense Tech ETF** | **Global X Defense Tech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — 9.8% |  |  |
| &nbsp;&nbsp;&nbsp;BigBear.ai Holdings <sup>\*(A)</sup> | 2002318 | $10151752 |
| &nbsp;&nbsp;&nbsp;OSI Systems \* | 112290 | 25832315 |
| &nbsp;&nbsp;&nbsp;Palantir Technologies, Cl A \* | 1900832 | 297879383 |
| &nbsp;&nbsp;&nbsp;Red Cat Holdings <sup>\*(A)</sup> | 502744 | 4494531 |
| &nbsp;&nbsp;&nbsp;Telos \* | 329035 | 2033436 |
|  |  | 340391417 |
| TOTAL UNITED STATES |  | 2010180662 |
| TOTAL COMMON STOCK <br> (Cost $2,818,234,582) |  | 3462517551 |
|  | **Face Amount** |  |
| **U.S. TREASURY OBLIGATION — 2.4%** |  |  |
| U.S. Treasury Bills <br> 4.257%, 09/30/2025<sup>(B)</sup> | $84000000 | 83722660 |
| TOTAL U.S. TREASURY OBLIGATION <br> (Cost $83,732,659) |  | 83722660 |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC <br> 4.380%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $6,525,199 (collateralized by various U.S. Treasury Obligations, ranging in par value $366 - $1,154,036, 0.000% - 6.750%, 09/18/2025 - 08/15/2055, with a total market value of $6,627,654) | 6522025 | 6522025 |
| &nbsp;&nbsp;&nbsp;Daiwa Capital Markets America, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $6,133,659 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $430 - $1,277,764, 2.000% - 7.500%, 04/23/2027 - 07/20/2065, with a total market value of $6,226,928) | 6130703 | 6130703 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Defense Tech ETF** | **Global X Defense Tech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $102,829 (collateralized by various U.S. Treasury Obligations, ranging in par value $82 - $38,984, 0.000% - 1.625%, 04/15/2027 - 08/15/2053, with a total market value of $104,816) | $102780 | $102780 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc. <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $6,133,659 (collateralized by various U.S. Government Obligations, ranging in par value $790 - $2,424,371, 2.000% - 6.500%, 06/01/2028 - 06/01/2064, with a total market value of $6,231,828) | 6130703 | 6130703 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $846,015 (collateralized by various a U.S. Treasury Obligation, par value $827,476, 4.500%, 12/31/2031, with a total market value of $856,449) | 845608 | 845608 |
| &nbsp;&nbsp;&nbsp;JP Morgan Securities LLC <br> 4.340%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $2,767,927 (collateralized by various U.S. Government Obligations, ranging in par value $1,107 - $553,319, 1.500% - 7.000%, 02/01/2032 - 03/01/2055, with a total market value of $2,812,353) | 2766593 | 2766593 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $717,661 (collateralized by various U.S. Treasury Obligations, ranging in par value $16,277 - $200,503, 2.875% - 4.625%, 06/30/2027 - 02/15/2035, with a total market value of $725,881) | 717316 | 717316 |

---

![](logom2.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Defense Tech ETF** | **Global X Defense Tech ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **REPURCHASE AGREEMENTS<sup>(C)</sup> — continued** |  |  |
| &nbsp;&nbsp;&nbsp;RBC Dominion Securities, Inc. <br> 4.330%, dated 08/29/2025, to be repurchased on 09/02/2025, repurchase price $4,539,752 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $341 - $818,724, 0.000% - 7.000%, 09/11/2025 - 08/15/2055, with a total market value of $4,604,396) | $4537569 | $4537569 |
| TOTAL REPURCHASE AGREEMENTS <br> (Cost $27,753,297) |  | 27753297 |
| TOTAL INVESTMENTS — 103.1% <br> (Cost $2,929,720,538) |  | $3573993508 |

---

*Percentages are based on Net Assets of $3,464,936,253.*

*\** *Non-income producing security.*

*(A)* *This security or a partial position of this security is on loan at August 31, 2025. The total market value of securities on loan at August 31, 2025 was $16,803,841.*

*(B)* *Interest rate represents the security's effective yield at the time of purchase.*

*(C)* *These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of August 31, 2025 was $27,753,297. The total value of non-cash collateral held from securities on loan as of August 31, 2025 was $956,691.*

 

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*3372865908* | $*89651643* | $*—* | $*3462517551* |
| &nbsp;&nbsp;&nbsp;*U.S. Treasury Obligation* | *—* | *83722660* | *—* | *83722660* |
| &nbsp;&nbsp;&nbsp;*Repurchase Agreements* | *—* | *27753297* | *—* | *27753297* |
| &nbsp;&nbsp;&nbsp;*Total Investments in Securities* | $*3372865908* | $*201127600* | $*—* | $*3573993508* |

---

 

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Infrastructure Development ex-U.S. ETF** | **Global X Infrastructure Development ex-U.S. ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.8%** |  |  |
| **AUSTRALIA — 0.8%** |  |  |
| Industrials — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Aurizon Holdings | 16665 | $35340 |
| **AUSTRIA — 1.0%** |  |  |
| Industrials — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Strabag | 146 | 13415 |
| Materials — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;voestalpine | 955 | 31634 |
| TOTAL AUSTRIA |  | 45049 |
| **BRAZIL — 0.7%** |  |  |
| Materials — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Cia Siderurgica Nacional | 5000 | 7010 |
| &nbsp;&nbsp;&nbsp;Gerdau ADR | 7682 | 23660 |
| TOTAL BRAZIL |  | 30670 |
| **CANADA — 7.5%** |  |  |
| Industrials — 7.5% |  |  |
| &nbsp;&nbsp;&nbsp;AtkinsRealis Group | 1432 | 98502 |
| &nbsp;&nbsp;&nbsp;Canadian National Railway | 1181 | 114362 |
| &nbsp;&nbsp;&nbsp;Canadian Pacific Kansas City | 1563 | 119091 |
| TOTAL CANADA |  | 331955 |
| **CHINA — 4.3%** |  |  |
| Communication Services — 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;China Tower, Cl H | 43540 | 65568 |
| Industrials — 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;China Communications Services, Cl H | 23700 | 14076 |
| &nbsp;&nbsp;&nbsp;China Energy Engineering, Cl H | 57300 | 8967 |
| &nbsp;&nbsp;&nbsp;China Lesso Group Holdings | 9300 | 5750 |
| &nbsp;&nbsp;&nbsp;China Railway Group, Cl H | 36200 | 18342 |
| &nbsp;&nbsp;&nbsp;Zoomlion Heavy Industry Science and Technology, Cl H | 12800 | 10590 |
|  |  | 57725 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Infrastructure Development ex-U.S. ETF** | **Global X Infrastructure Development ex-U.S. ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Materials — 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;Angang Steel, Cl H \* | 12400 | $3404 |
| &nbsp;&nbsp;&nbsp;Anhui Conch Cement, Cl H | 11707 | 36792 |
| &nbsp;&nbsp;&nbsp;China National Building Material, Cl H | 33800 | 24453 |
| &nbsp;&nbsp;&nbsp;Maanshan Iron & Steel, Cl H \* | 12400 | 3833 |
|  |  | 68482 |
| TOTAL CHINA |  | 191775 |
| **DENMARK — 1.1%** |  |  |
| Industrials — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;NKT \* | 522 | 49726 |
| **FRANCE — 6.3%** |  |  |
| Industrials — 6.3% |  |  |
| &nbsp;&nbsp;&nbsp;Eiffage | 835 | 105066 |
| &nbsp;&nbsp;&nbsp;Nexans | 343 | 52273 |
| &nbsp;&nbsp;&nbsp;Vinci | 897 | 121687 |
| TOTAL FRANCE |  | 279026 |
| **GERMANY — 3.3%** |  |  |
| Materials — 3.3% |  |  |
| &nbsp;&nbsp;&nbsp;Heidelberg Materials | 612 | 144701 |
| **INDIA — 19.4%** |  |  |
| Communication Services — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Indus Towers \* | 12063 | 46298 |
| Industrials — 5.8% |  |  |
| &nbsp;&nbsp;&nbsp;Action Construction Equipment | 326 | 3893 |
| &nbsp;&nbsp;&nbsp;Afcons Infrastructure | 1303 | 6171 |
| &nbsp;&nbsp;&nbsp;IRB Infrastructure Developers | 16727 | 8134 |
| &nbsp;&nbsp;&nbsp;IRCON International | 2435 | 4425 |
| &nbsp;&nbsp;&nbsp;Kalpataru Projects International | 900 | 12742 |
| &nbsp;&nbsp;&nbsp;KEC International | 1090 | 9984 |
| &nbsp;&nbsp;&nbsp;KEI Industries | 552 | 23842 |
| &nbsp;&nbsp;&nbsp;Larsen & Toubro | 3021 | 123308 |
| &nbsp;&nbsp;&nbsp;Polycab India | 600 | 48225 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Infrastructure Development ex-U.S. ETF** | **Global X Infrastructure Development ex-U.S. ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Industrials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Rail Vikas Nigam | 4304 | $14762 |
|  |  | 255486 |
| Materials — 12.6% |  |  |
| &nbsp;&nbsp;&nbsp;Ambuja Cements | 7269 | 46404 |
| &nbsp;&nbsp;&nbsp;Dalmia Bharat | 653 | 17775 |
| &nbsp;&nbsp;&nbsp;Jindal Stainless | 2412 | 20859 |
| &nbsp;&nbsp;&nbsp;Jindal Steel & Power | 3169 | 33973 |
| &nbsp;&nbsp;&nbsp;JK Cement | 330 | 25983 |
| &nbsp;&nbsp;&nbsp;JSW Steel | 8541 | 99386 |
| &nbsp;&nbsp;&nbsp;Ramco Cements | 1138 | 13503 |
| &nbsp;&nbsp;&nbsp;Shree Cement | 90 | 29865 |
| &nbsp;&nbsp;&nbsp;Steel Authority of India | 12338 | 16595 |
| &nbsp;&nbsp;&nbsp;Tata Steel | 69183 | 121140 |
| &nbsp;&nbsp;&nbsp;UltraTech Cement | 915 | 131095 |
|  |  | 556578 |
| TOTAL INDIA |  | 858362 |
| **ISRAEL — 0.5%** |  |  |
| Industrials — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Shapir Engineering and Industry | 1317 | 10407 |
| &nbsp;&nbsp;&nbsp;Shikun & Binui \* | 2974 | 13116 |
| TOTAL ISRAEL |  | 23523 |
| **ITALY — 7.4%** |  |  |
| Communication Services — 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;Infrastrutture Wireless Italiane | 3089 | 37458 |
| Energy — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Saipem | 12641 | 35511 |
| Industrials — 4.9% |  |  |
| &nbsp;&nbsp;&nbsp;Maire | 1336 | 19297 |
| &nbsp;&nbsp;&nbsp;Prysmian | 2090 | 182790 |
| &nbsp;&nbsp;&nbsp;Webuild | 2931 | 13208 |
|  |  | 215295 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Infrastructure Development ex-U.S. ETF** | **Global X Infrastructure Development ex-U.S. ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Materials — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Buzzi | 737 | $37422 |
| TOTAL ITALY |  | 325686 |
| **JAPAN — 14.7%** |  |  |
| Industrials — 6.1% |  |  |
| &nbsp;&nbsp;&nbsp;COMSYS Holdings | 914 | 23114 |
| &nbsp;&nbsp;&nbsp;EXEO Group | 1576 | 23346 |
| &nbsp;&nbsp;&nbsp;Hitachi Construction Machinery | 885 | 27606 |
| &nbsp;&nbsp;&nbsp;INFRONEER Holdings | 1670 | 16748 |
| &nbsp;&nbsp;&nbsp;Komatsu | 4318 | 148164 |
| &nbsp;&nbsp;&nbsp;Penta-Ocean Construction | 2218 | 16126 |
| &nbsp;&nbsp;&nbsp;SHO-BOND Holdings | 390 | 13603 |
|  |  | 268707 |
| Materials — 8.6% |  |  |
| &nbsp;&nbsp;&nbsp;JFE Holdings | 5112 | 64028 |
| &nbsp;&nbsp;&nbsp;Maruichi Steel Tube | 429 | 11126 |
| &nbsp;&nbsp;&nbsp;Nippon Steel | 6421 | 136226 |
| &nbsp;&nbsp;&nbsp;Shin-Etsu Chemical | 3998 | 124086 |
| &nbsp;&nbsp;&nbsp;Taiheiyo Cement | 1029 | 28181 |
| &nbsp;&nbsp;&nbsp;Yamato Kogyo | 278 | 18353 |
|  |  | 382000 |
| TOTAL JAPAN |  | 650707 |
| **LUXEMBOURG — 2.8%** |  |  |
| Materials — 2.8% |  |  |
| &nbsp;&nbsp;&nbsp;ArcelorMittal | 3688 | 122856 |
| **MALAYSIA — 1.6%** |  |  |
| Industrials — 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;Gamuda | 42200 | 55534 |
| &nbsp;&nbsp;&nbsp;IJM | 23500 | 15964 |
| TOTAL MALAYSIA |  | 71498 |
| **MEXICO — 3.0%** |  |  |
| Materials — 3.0% |  |  |
| &nbsp;&nbsp;&nbsp;Cemex ADR | 13304 | 120933 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Infrastructure Development ex-U.S. ETF** | **Global X Infrastructure Development ex-U.S. ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Materials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Ternium ADR | 361 | $11971 |
| TOTAL MEXICO |  | 132904 |
| **NETHERLANDS — 0.7%** |  |  |
| Industrials — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Aalberts | 911 | 31904 |
| **POLAND — 0.4%** |  |  |
| Industrials — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Budimex | 127 | 18563 |
| **SOUTH KOREA — 5.8%** |  |  |
| Industrials — 2.2% |  |  |
| &nbsp;&nbsp;&nbsp;Doosan Bobcat | 430 | 16516 |
| &nbsp;&nbsp;&nbsp;KEPCO Engineering & Construction | 158 | 10501 |
| &nbsp;&nbsp;&nbsp;LS Electric | 129 | 26399 |
| &nbsp;&nbsp;&nbsp;Samsung E&A | 1462 | 30602 |
| &nbsp;&nbsp;&nbsp;Taihan Electric Wire \* | 993 | 11192 |
|  |  | 95210 |
| Materials — 3.6% |  |  |
| &nbsp;&nbsp;&nbsp;Hyundai Steel | 791 | 18264 |
| &nbsp;&nbsp;&nbsp;POSCO Holdings | 697 | 143135 |
|  |  | 161399 |
| TOTAL SOUTH KOREA |  | 256609 |
| **SPAIN — 4.7%** |  |  |
| Communication Services — 2.8% |  |  |
| &nbsp;&nbsp;&nbsp;Cellnex Telecom | 3429 | 121974 |
| Industrials — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Sacyr | 4909 | 20720 |
| Materials — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Acerinox | 1615 | 19943 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Infrastructure Development ex-U.S. ETF** | **Global X Infrastructure Development ex-U.S. ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Utilities — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Acciona | 218 | $43175 |
| TOTAL SPAIN |  | 205812 |
| **SWEDEN — 4.0%** |  |  |
| Industrials — 3.3% |  |  |
| &nbsp;&nbsp;&nbsp;AFRY | 890 | 14047 |
| &nbsp;&nbsp;&nbsp;Epiroc, Cl A | 5636 | 117649 |
| &nbsp;&nbsp;&nbsp;Peab, Cl B | 1478 | 11523 |
|  |  | 143219 |
| Materials — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;SSAB, Cl B | 5593 | 31705 |
| TOTAL SWEDEN |  | 174924 |
| **SWITZERLAND — 0.5%** |  |  |
| Information Technology — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Landis+Gyr Group | 256 | 20536 |
| **TAIWAN — 2.2%** |  |  |
| Materials — 2.2% |  |  |
| &nbsp;&nbsp;&nbsp;Asia Cement | 21740 | 26349 |
| &nbsp;&nbsp;&nbsp;Goldsun Building Materials | 9100 | 11103 |
| &nbsp;&nbsp;&nbsp;TCC Group Holdings | 67683 | 49706 |
| &nbsp;&nbsp;&nbsp;Tung Ho Steel Enterprise | 4930 | 10241 |
| TOTAL TAIWAN |  | 97399 |
| **TURKEY — 0.1%** |  |  |
| Materials — 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;Oyak Cimento Fabrikalari \* | 8927 | 5302 |
| **UNITED ARAB EMIRATES — 0.3%** |  |  |
| Industrials — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;NMDC Group PJSC | 2207 | 14253 |

---

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Infrastructure Development ex-U.S. ETF** | **Global X Infrastructure Development ex-U.S. ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| **UNITED KINGDOM — 1.1%** |  |  |
| Industrials — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Balfour Beatty PLC | 4714 | $37799 |
| Materials — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Breedon Group PLC | 2617 | 12990 |
| TOTAL UNITED KINGDOM |  | 50789 |
| **UNITED STATES — 5.6%** |  |  |
| Industrials — 3.2% |  |  |
| &nbsp;&nbsp;&nbsp;Ferrovial | 2546 | 139140 |
| Materials — 2.4% |  |  |
| &nbsp;&nbsp;&nbsp;Holcim | 1122 | 94079 |
| &nbsp;&nbsp;&nbsp;Titan Cement International | 318 | 13809 |
|  |  | 107888 |
| TOTAL UNITED STATES |  | 247028 |
| TOTAL COMMON STOCK<br> (Cost $4,061,236) |  | 4416897 |
| TOTAL INVESTMENTS — 99.8%<br> (Cost $4,061,236) |  | $4416897 |

---

*Percentages are based on Net Assets of $4,426,444.*

*\** *Non-income producing security.*

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*4393374* | $*23523* | $*—* | $*4416897* |
| *Total Investments in Securities* | $*4393374* | $*23523* | $*—* | $*4416897* |

---

*Amounts designated as "--" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

---

| | |
|:---|:---|
| ![](logom2.jpg) | ![](logom2.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Glossary: (abbreviations which may be used in the preceding Schedules of Investments)** | **Glossary: (abbreviations which may be used in the preceding Schedules of Investments)** |

---

**Fund Abbreviations**

ADR — *American Depositary Receipt*

Cl — *Class*

ETF — *Exchange-Traded Fund*

PLC — *Public Limited Company*

REIT — *Real Estate Investment Trust*

GLX-QH-008-1900

---

| | |
|:---|:---|
| ![](logom3.jpg) | ![](logom3.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets ex-China ETF** | **Global X Emerging Markets ex-China ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 62.8%** |  |  |
| **ARGENTINA — 0.4%** |  |  |
| Energy — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Vista Energy ADR <sup>\*</sup> | 2698 | $105168 |
| **BRAZIL — 0.5%** |  |  |
| Consumer Discretionary — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;MercadoLibre <sup>\*</sup> | 50 | 123645 |
| **CANADA — 0.5%** |  |  |
| Materials — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Franco-Nevada | 716 | 134859 |
| **CHILE — 0.6%** |  |  |
| Materials — 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;Antofagasta PLC | 5314 | 153999 |
| **GREECE — 1.2%** |  |  |
| Financials — 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;ALPHA BANK | 81765 | 324154 |
| **INDONESIA — 1.9%** |  |  |
| Consumer Staples — 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;Sumber Alfaria Trijaya | 1263300 | 168542 |
| Financials — 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;Bank Central Asia | 426400 | 208804 |
| &nbsp;&nbsp;&nbsp;Bank Mandiri Persero | 469900 | 134787 |
|  |  | 343591 |
| TOTAL INDONESIA |  | 512133 |
| **MEXICO — 2.5%** |  |  |
| Consumer Staples — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Wal-Mart de Mexico | 91600 | 273751 |
| Financials — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Grupo Financiero Banorte, Cl O | 28700 | 262763 |

---

---

| | |
|:---|:---|
| ![](logom3.jpg) | ![](logom3.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets ex-China ETF** | **Global X Emerging Markets ex-China ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Real Estate — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Inmobiliaria Vesta | 46800 | $129096 |
| TOTAL MEXICO |  | 665610 |
| **PHILIPPINES — 0.7%** |  |  |
| Financials — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;BDO Unibank | 84325 | 199505 |
| **POLAND — 0.4%** |  |  |
| Consumer Staples — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Dino Polska <sup>\*</sup> | 8970 | 111833 |
| **SAUDI ARABIA — 4.4%** |  |  |
| Consumer Staples — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Nahdi Medical | 4023 | 123943 |
| Financials — 3.2% |  |  |
| &nbsp;&nbsp;&nbsp;Al Rajhi Bank | 17988 | 451594 |
| &nbsp;&nbsp;&nbsp;Saudi National Bank | 44833 | 416045 |
|  |  | 867639 |
| Industrials — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;United International Transportation | 10915 | 201591 |
| TOTAL SAUDI ARABIA |  | 1193173 |
| **SOUTH AFRICA — 2.8%** |  |  |
| Consumer Staples — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Clicks Group | 9715 | 204867 |
| Financials — 2.1% |  |  |
| &nbsp;&nbsp;&nbsp;Capitec Bank Holdings | 1564 | 315444 |
| &nbsp;&nbsp;&nbsp;FirstRand | 57563 | 242078 |
|  |  | 557522 |
| TOTAL SOUTH AFRICA |  | 762389 |
| **SOUTH KOREA — 16.4%** |  |  |
| Communication Services — 2.3% |  |  |
| &nbsp;&nbsp;&nbsp;HYBE | 1628 | 336081 |

---

---

| | |
|:---|:---|
| ![](logom3.jpg) | ![](logom3.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets ex-China ETF** | **Global X Emerging Markets ex-China ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Communication Services — continued |  |  |
| &nbsp;&nbsp;&nbsp;NAVER | 1780 | $274634 |
|  |  | 610715 |
| Consumer Discretionary — 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;Hyundai Motor | 850 | 134508 |
| &nbsp;&nbsp;&nbsp;Kia | 3630 | 276248 |
|  |  | 410756 |
| Consumer Staples — 3.8% |  |  |
| &nbsp;&nbsp;&nbsp;Cosmax | 1720 | 267851 |
| &nbsp;&nbsp;&nbsp;Kolmar Korea | 5787 | 323847 |
| &nbsp;&nbsp;&nbsp;Samyang Foods | 370 | 416774 |
|  |  | 1008472 |
| Financials — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;Shinhan Financial Group | 6515 | 306010 |
| Industrials — 2.4% |  |  |
| &nbsp;&nbsp;&nbsp;HD Hyundai Electric | 1824 | 646157 |
| Information Technology — 5.3% |  |  |
| &nbsp;&nbsp;&nbsp;Samsung Electronics GDR | 727 | 898572 |
| &nbsp;&nbsp;&nbsp;SK Hynix | 2743 | 530744 |
|  |  | 1429316 |
| TOTAL SOUTH KOREA |  | 4411426 |
| **TAIWAN — 23.3%** |  |  |
| Industrials — 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;Fortune Electric | 19800 | 419065 |
| Information Technology — 21.8% |  |  |
| &nbsp;&nbsp;&nbsp;Alchip Technologies | 3000 | 397946 |
| &nbsp;&nbsp;&nbsp;ASPEED Technology | 2000 | 326796 |
| &nbsp;&nbsp;&nbsp;Hon Hai Precision Industry | 56000 | 372790 |
| &nbsp;&nbsp;&nbsp;MediaTek | 15500 | 694646 |
| &nbsp;&nbsp;&nbsp;Quanta Computer | 10000 | 85870 |

---

---

| | |
|:---|:---|
| ![](logom3.jpg) | ![](logom3.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets ex-China ETF** | **Global X Emerging Markets ex-China ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — continued |  |  |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR | 17208 | $3972811 |
|  |  | 5850859 |
| TOTAL TAIWAN |  | 6269924 |
| **THAILAND — 0.5%** |  |  |
| Financials — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Bangkok Bank NVDR | 30500 | 146404 |
| **TURKEY — 0.7%** |  |  |
| Financials — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Haci Omer Sabanci Holding | 80869 | 185124 |
| **UNITED ARAB EMIRATES — 3.7%** |  |  |
| Energy — 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;ADNOC Drilling PJSC | 291656 | 437524 |
| Industrials — 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;Salik PJSC | 206365 | 370816 |
| Real Estate — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Aldar Properties PJSC | 67196 | 175994 |
| TOTAL UNITED ARAB EMIRATES |  | 984334 |
| **UNITED KINGDOM — 0.7%** |  |  |
| Utilities — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Metlen Energy & Metals <sup>\*</sup> | 3020 | 193359 |
| **UNITED STATES — 0.4%** |  |  |
| Information Technology — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Globant <sup>\*</sup> | 1381 | 92886 |
| **VIETNAM — 1.2%** |  |  |
| Consumer Discretionary — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Phu Nhuan Jewelry JSC | 20000 | 64984 |

---

---

| | |
|:---|:---|
| ![](logom3.jpg) | ![](logom3.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets ex-China ETF** | **Global X Emerging Markets ex-China ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Information Technology — 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;FPT | 65435 | $252351 |
| TOTAL VIETNAM |  | 317335 |
| TOTAL COMMON STOCK<br> (Cost $14,525,062) |  | 16887260 |
| **EXCHANGE-TRADED FUNDS — 35.9%** |  |  |
| **International Equity — 35.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Global X Brazil Active ETF <sup>(A)</sup> | 88494 | 2210076 |
| &nbsp;&nbsp;&nbsp;Global X India Active ETF <sup>(A)(B)</sup> | 258120 | 7434424 |
| TOTAL EXCHANGE-TRADED FUNDS<br> (Cost $9,462,999) |  | 9644500 |
| TOTAL INVESTMENTS — 98.7%<br> (Cost $23,988,061) |  | $26531760 |

---

*Percentages are based on Net Assets of $26,874,237.*

*\** *Non-income producing security.*

*(A)* *Affiliated investment.*

*(B)* *For financial information on the Global X India Active ETF, please go to the Fund's website at https://www.globalxetfs.com/explore/.*

 

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*15694087* | $*1193173* | $*—* | $*16887260* |
| &nbsp;&nbsp;&nbsp;*Exchange-Traded Funds* | *9644500* | *—* | *—* | *9644500* |
| *Total Investments in Securities* | $*25338587* | $*1193173* | $*—* | $*26531760* |

---

---

| | |
|:---|:---|
| ![](logom3.jpg) | ![](logom3.jpg) |
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets ex-China ETF** | **Global X Emerging Markets ex-China ETF** |

---

*The following is a summary of the Fund's transactions with affiliates for the period ended August 31, 2025:*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Value<br> 11/30/2024 | Purchases<br> at Cost | Proceeds<br> from Sales | Change in<br> Unrealized<br> Appreciation<br> (Depreciation) | Realized Gain<br> (Loss) | Value<br> 8/31/2025 | Income | Capital Gains |
| **Global X Brazil Active ETF** | **Global X Brazil Active ETF** |  |  |  |  |  |  |
| $— | $2010306 | $— | $199770 | $— | $2210076 | $18207 | $— |
| **Global X India Active ETF** | **Global X India Active ETF** |  |  |  |  |  |  |
|  | 7452694 |  | (18270) |  | 7434424 |  |  |
| **Totals:** | **Totals:** |  |  |  |  |  |  |
| $— | $9463000 | $— | $181500 | $– | $9644500 | $18207 | $— |

---

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Great Consumer ETF** | **Global X Emerging Markets Great Consumer ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 99.4%** |  |  |
| **ARGENTINA — 0.4%** |  |  |
| Energy — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Vista Energy ADR <sup>\*</sup> | 8620 | $336008 |
| **BRAZIL — 5.7%** |  |  |
| Consumer Discretionary — 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;MercadoLibre <sup>\*</sup> | 169 | 417922 |
| &nbsp;&nbsp;&nbsp;Vivara Participacoes | 147200 | 786426 |
|  |  | 1204348 |
| Consumer Staples — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Raia Drogasil | 173216 | 560038 |
| Financials — 1.9% |  |  |
| &nbsp;&nbsp;&nbsp;Itau Unibanco Holding ADR | 162310 | 1158894 |
| &nbsp;&nbsp;&nbsp;NU Holdings, Cl A <sup>\*</sup> | 27733 | 410448 |
|  |  | 1569342 |
| Industrials — 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;Localiza Rent a Car | 80700 | 532836 |
| &nbsp;&nbsp;&nbsp;WEG | 126700 | 879041 |
|  |  | 1411877 |
| TOTAL BRAZIL |  | 4745605 |
| **CANADA — 0.5%** |  |  |
| Materials — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Franco-Nevada | 2248 | 423411 |
| **CHILE — 0.6%** |  |  |
| Materials — 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;Antofagasta PLC | 16020 | 464257 |
| **CHINA — 31.3%** |  |  |
| Communication Services — 10.4% |  |  |
| &nbsp;&nbsp;&nbsp;Kuaishou Technology, Cl B <sup>\*</sup> | 295500 | 2856126 |
| &nbsp;&nbsp;&nbsp;NetEase | 31900 | 869124 |
| &nbsp;&nbsp;&nbsp;Tencent Holdings | 56600 | 4330753 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Great Consumer ETF** | **Global X Emerging Markets Great Consumer ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Communication Services — continued |  |  |
| &nbsp;&nbsp;&nbsp;Tencent Music Entertainment Group | 47200 | $594552 |
|  |  | 8650555 |
| Consumer Discretionary — 14.4% |  |  |
| &nbsp;&nbsp;&nbsp;Alibaba Group Holding | 182000 | 2701104 |
| &nbsp;&nbsp;&nbsp;ANTA Sports Products | 40300 | 496264 |
| &nbsp;&nbsp;&nbsp;BYD, Cl H | 79800 | 1171023 |
| &nbsp;&nbsp;&nbsp;Geely Automobile Holdings | 179300 | 449868 |
| &nbsp;&nbsp;&nbsp;H World Group | 125100 | 475633 |
| &nbsp;&nbsp;&nbsp;Laopu Gold, Cl H | 4300 | 391619 |
| &nbsp;&nbsp;&nbsp;Meituan, Cl B <sup>\*</sup> | 98800 | 1301559 |
| &nbsp;&nbsp;&nbsp;Midea Group, Cl A | 40400 | 418078 |
| &nbsp;&nbsp;&nbsp;PDD Holdings ADR <sup>\*</sup> | 3930 | 472464 |
| &nbsp;&nbsp;&nbsp;Pop Mart International Group | 24500 | 1013206 |
| &nbsp;&nbsp;&nbsp;Trip.com Group | 26300 | 1949935 |
| &nbsp;&nbsp;&nbsp;Yum China Holdings | 25700 | 1151841 |
|  |  | 11992594 |
| Consumer Staples — 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Eastroc Beverage Group, Cl A | 15163 | 657671 |
| &nbsp;&nbsp;&nbsp;Proya Cosmetics, Cl A | 29800 | 350723 |
|  |  | 1008394 |
| Information Technology — 5.3% |  |  |
| &nbsp;&nbsp;&nbsp;Lenovo Group | 460000 | 653784 |
| &nbsp;&nbsp;&nbsp;Xiaomi, Cl B <sup>\*</sup> | 561200 | 3804514 |
|  |  | 4458298 |
| TOTAL CHINA |  | 26109841 |
| **GREECE — 1.0%** |  |  |
| Financials — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;ALPHA BANK | 207205 | 821457 |
| **INDIA — 19.0%** |  |  |
| Communication Services — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Bharti Airtel | 20209 | 432661 |
| Consumer Discretionary — 11.3% |  |  |
| &nbsp;&nbsp;&nbsp;Eicher Motors | 7048 | 487558 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Great Consumer ETF** | **Global X Emerging Markets Great Consumer ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Consumer Discretionary — continued |  |  |
| &nbsp;&nbsp;&nbsp;Indian Hotels, Cl A | 241977 | $2080264 |
| &nbsp;&nbsp;&nbsp;Mahindra & Mahindra | 11401 | 413469 |
| &nbsp;&nbsp;&nbsp;MakeMyTrip <sup>\*</sup> | 22865 | 2257919 |
| &nbsp;&nbsp;&nbsp;Titan | 18930 | 778630 |
| &nbsp;&nbsp;&nbsp;Trent | 12219 | 733779 |
| &nbsp;&nbsp;&nbsp;TVS Motor | 29765 | 1105469 |
| &nbsp;&nbsp;&nbsp;Zomato <sup>\*</sup> | 449100 | 1598163 |
|  |  | 9455251 |
| Financials — 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;ICICI Bank ADR | 30821 | 978258 |
| Health Care — 2.9% |  |  |
| &nbsp;&nbsp;&nbsp;Apollo Hospitals Enterprise | 9852 | 849819 |
| &nbsp;&nbsp;&nbsp;Max Healthcare Institute | 121226 | 1586105 |
|  |  | 2435924 |
| Industrials — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;InterGlobe Aviation | 12456 | 797144 |
| Real Estate — 2.1% |  |  |
| &nbsp;&nbsp;&nbsp;Godrej Properties <sup>\*</sup> | 28542 | 630121 |
| &nbsp;&nbsp;&nbsp;Prestige Estates Projects | 61385 | 1086689 |
|  |  | 1716810 |
| TOTAL INDIA |  | 15816048 |
| **INDONESIA — 1.7%** |  |  |
| Consumer Staples — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Sumber Alfaria Trijaya | 4488300 | 598803 |
| Financials — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Bank Central Asia | 760200 | 372263 |
| &nbsp;&nbsp;&nbsp;Bank Mandiri Persero | 1421900 | 407858 |
|  |  | 780121 |
| TOTAL INDONESIA |  | 1378924 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Great Consumer ETF** | **Global X Emerging Markets Great Consumer ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| **MACAO — 0.5%** |  |  |
| Consumer Discretionary — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Galaxy Entertainment Group | 83100 | $437040 |
| **MEXICO — 2.0%** |  |  |
| Consumer Staples — 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;Gruma, Cl B | 23140 | 398237 |
| &nbsp;&nbsp;&nbsp;Wal-Mart de Mexico | 222500 | 664952 |
|  |  | 1063189 |
| Financials — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Grupo Financiero Banorte, Cl O | 69743 | 638533 |
| TOTAL MEXICO |  | 1701722 |
| **POLAND — 0.3%** |  |  |
| Consumer Staples — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Dino Polska <sup>\*</sup> | 22944 | 286052 |
| **SAUDI ARABIA — 3.3%** |  |  |
| Consumer Staples — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Nahdi Medical | 12229 | 376758 |
| Financials — 2.1% |  |  |
| &nbsp;&nbsp;&nbsp;Al Rajhi Bank | 41887 | 1051585 |
| &nbsp;&nbsp;&nbsp;Saudi National Bank | 77867 | 722597 |
|  |  | 1774182 |
| Industrials — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;United International Transportation | 30127 | 556420 |
| TOTAL SAUDI ARABIA |  | 2707360 |
| **SOUTH AFRICA — 2.1%** |  |  |
| Consumer Staples — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Clicks Group | 25567 | 539149 |
| Financials — 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;Capitec Bank Holdings | 2941 | 593173 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Great Consumer ETF** | **Global X Emerging Markets Great Consumer ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Financials — continued |  |  |
| &nbsp;&nbsp;&nbsp;FirstRand | 141313 | $594283 |
|  |  | 1187456 |
| TOTAL SOUTH AFRICA |  | 1726605 |
| **SOUTH KOREA — 10.6%** |  |  |
| Communication Services — 2.8% |  |  |
| &nbsp;&nbsp;&nbsp;HYBE | 6199 | 1279707 |
| &nbsp;&nbsp;&nbsp;NAVER | 6861 | 1058576 |
|  |  | 2338283 |
| Consumer Discretionary — 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;Kia | 16606 | 1263740 |
| Consumer Staples — 3.3% |  |  |
| &nbsp;&nbsp;&nbsp;Kolmar Korea | 26247 | 1468813 |
| &nbsp;&nbsp;&nbsp;Samyang Foods | 1164 | 1311148 |
|  |  | 2779961 |
| Information Technology — 3.0% |  |  |
| &nbsp;&nbsp;&nbsp;Samsung Electronics GDR | 1098 | 1357128 |
| &nbsp;&nbsp;&nbsp;SK Hynix | 5702 | 1103282 |
|  |  | 2460410 |
| TOTAL SOUTH KOREA |  | 8842394 |
| **TAIWAN — 15.0%** |  |  |
| Information Technology — 15.0% |  |  |
| &nbsp;&nbsp;&nbsp;MediaTek | 84000 | 3764536 |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR | 37672 | 8697335 |
| TOTAL TAIWAN |  | 12461871 |
| **TURKEY — 0.7%** |  |  |
| Financials — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Haci Omer Sabanci Holding | 265589 | 607983 |
| **UNITED ARAB EMIRATES — 3.0%** |  |  |
| Energy — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;ADNOC Drilling PJSC | 605767 | 908733 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Great Consumer ETF** | **Global X Emerging Markets Great Consumer ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Industrials — 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;Salik PJSC | 585982 | $1052949 |
| Real Estate — 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;Aldar Properties PJSC | 192491 | 504155 |
| TOTAL UNITED ARAB EMIRATES |  | 2465837 |
| **UNITED KINGDOM — 0.7%** |  |  |
| Utilities — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Metlen Energy & Metals <sup>\*</sup> | 9685 | 620092 |
| **UNITED STATES — 0.3%** |  |  |
| Information Technology — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Globant <sup>\*</sup> | 4261 | 286595 |
| **VIETNAM — 0.7%** |  |  |
| Consumer Discretionary — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;Phu Nhuan Jewelry JSC | 57000 | 185204 |
| Information Technology — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;FPT | 97080 | 374391 |
| TOTAL VIETNAM |  | 559595 |
| TOTAL COMMON STOCK<br> (Cost $68,711,943) |  | 82798697 |
| TOTAL INVESTMENTS — 99.4%<br> (Cost $68,711,943) |  | $82798697 |

---

*Percentages are based on Net Assets of $83,287,443.*

*\** *Non-income producing security.*

 

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Investments in Securities* | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;*Common Stock* | $*80091337* | $*2707360* | $*—* | $*82798697* |
| *Total Investments in Securities* | $*80091337* | $*2707360* | $*—* | $*82798697* |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Great Consumer ETF** | **Global X Emerging Markets Great Consumer ETF** |

---

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

 

*See "Glossary" for abbreviations.*

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **SOVEREIGN DEBT — 64.8%** |  |  |
| Angola — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Angolan Government International Bond<br> 8.750%, 04/14/32 | $1800000 | $1661834 |
| Argentina — 2.9% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Republic Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/09/38<sup>(A)</sup> | 2600000 | 1755000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 07/09/35<sup>(A)</sup> | 5000000 | 3176250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 07/09/41<sup>(A)</sup> | 2600000 | 1518270 |
|  |  | 6449520 |
| Azerbaijan — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Azerbaijan International Bond<br> 3.500%, 09/01/32 | 800000 | 740253 |
| Bahrain — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bahrain Government International Bond<br> 6.750%, 09/20/29 | 700000 | 726675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bahrain Government International Bond MTN<br> 5.250%, 01/25/33 | 300000 | 286499 |
|  |  | 1013174 |
| Brazil — 3.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brazilian Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.125%, 05/13/54 | 2300000 | 2235669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 01/22/32 | 1900000 | 1966937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 10/20/33 | 2500000 | 2513625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/30/29 | 1400000 | 1385020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 09/12/31 | 200000 | 183500 |
|  |  | 8284751 |
| Bulgaria — 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bulgaria Government International Bond<br> 5.000%, 03/05/37 | 1300000 | 1280016 |
| Chile — 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chile Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/31/52 | 1200000 | 911940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.240%, 02/06/28 | 600000 | 587010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.550%, 01/27/32 | 600000 | 532620 |
|  |  | 2031570 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **SOVEREIGN DEBT — continued** |  |  |
| Colombia — 2.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Colombia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 11/07/36 | $1200000 | $1229664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.200%, 05/15/49 | 1200000 | 878616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 03/15/29 | 1200000 | 1167480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 04/25/27 | 1200000 | 1187160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 04/22/32 | 1700000 | 1417817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 04/15/31 | 800000 | 689032 |
|  |  | 6569769 |
| Costa Rica — 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Costa Rica Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.550%, 04/03/34<sup>(B)</sup> | 400000 | 423752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 02/19/31 | 2800000 | 2899400 |
|  |  | 3323152 |
| Cote d'Ivoire — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivory Coast Government International Bond<br> 6.125%, 06/15/33 | 1000000 | 926706 |
| Dominican Republic — 3.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dominican Republic International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.050%, 02/03/31 | 1700000 | 1812880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.400%, 06/05/49 | 200000 | 192050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 07/19/28 | 1950000 | 1996995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.950%, 01/25/27 | 300000 | 304125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 02/22/29 | 600000 | 604320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 09/23/32 | 1800000 | 1697220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 01/30/30 | 1800000 | 1741590 |
|  |  | 8349180 |
| Ecuador — 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ecuador Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.900%, 07/31/30<sup>(A)</sup> | 1000000 | 895650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.900%, 07/31/35<sup>(A)</sup> | 1300000 | 978276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/31/40<sup>(A)</sup> | 1400000 | 907494 |
|  |  | 2781420 |
| Egypt — 2.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Egypt Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.875%, 05/29/50 | 600000 | 514916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.903%, 02/21/48 | 800000 | 627997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.625%, 05/29/32 | 1000000 | 954266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 01/31/27 | 900000 | 908859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.800%, 09/30/27 | 2300000 | 2266194 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **SOVEREIGN DEBT — continued** |  |  |
| Egypt — continued |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Egypt Government International Bond MTN<br> 5.875%, 02/16/31 | $600000 | $539455 |
|  |  | 5811687 |
| El Salvador — 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;El Salvador Government International Bond<br> 7.125%, 01/20/50<sup>(B)</sup> | 400000 | 333200 |
| Ghana — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ghana Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.039%, 07/03/26 | 80000 | 76738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.657%, 01/03/30 | 150019 | 126452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/03/29<sup>(A)</sup> | 1000000 | 959455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/03/35<sup>(A)</sup> | 500000 | 410807 |
|  |  | 1573452 |
| Hungary — 3.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Hungary Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 09/25/52 | 800000 | 840059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 09/22/32 | 2850000 | 3019557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 05/22/28 | 1200000 | 1250667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 06/16/34 | 1100000 | 1105116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 03/26/36 | 1000000 | 984778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 06/16/29 | 800000 | 815380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 09/21/51 | 200000 | 120937 |
|  |  | 8136494 |
| Indonesia — 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Indonesia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.650%, 01/11/53 | 1000000 | 993836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 01/15/30 | 1000000 | 1039975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.550%, 01/11/28 | 800000 | 807762 |
|  |  | 2841573 |
| Jordan — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jordan Government International Bond<br> 5.750%, 01/31/27 | 400000 | 400502 |
| Kenya — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Republic of Kenya Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.750%, 02/16/31 | 500000 | 526222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 02/28/48 | 200000 | 171760 |
|  |  | 697982 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **SOVEREIGN DEBT — continued** |  |  |
| Lebanon — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lebanon Government International Bond MTN<br> 6.650%, 02/26/30<sup>(C)</sup> | $2500000 | $491250 |
| Mexico — 2.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mexico Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.400%, 05/07/54 | 1500000 | 1390050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.350%, 02/09/35 | 2100000 | 2169615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 04/27/32 | 800000 | 771600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.659%, 05/24/31 | 600000 | 528462 |
|  |  | 4859727 |
| Morocco — 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Morocco Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 09/08/33 | 200000 | 214066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.950%, 03/08/28 | 1000000 | 1032734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/15/50 | 200000 | 140524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/15/32 | 1000000 | 862476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 12/15/27 | 1400000 | 1332802 |
|  |  | 3582602 |
| Nigeria — 1.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nigeria Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.747%, 01/21/31 | 1600000 | 1662286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.696%, 02/23/38 | 1000000 | 909037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.143%, 02/23/30 | 800000 | 792111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nigeria Government International Bond MTN<br> 7.625%, 11/28/47 | 1000000 | 836054 |
|  |  | 4199488 |
| Oman — 2.9% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Oman Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 01/25/31 | 1800000 | 1934360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 01/17/28 | 2100000 | 2148145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 03/08/27 | 1200000 | 1213887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 06/15/26 | 700000 | 699515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oman Government International Bond MTN<br> 6.000%, 08/01/29 | 600000 | 630594 |
|  |  | 6626501 |
| Pakistan — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pakistan Government International Bond MTN<br> 7.375%, 04/08/31 | 400000 | 377879 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **SOVEREIGN DEBT — continued** |  |  |
| Panama — 1.8% |  |  |
| &nbsp;&nbsp;&nbsp;Panama Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.400%, 02/14/35 | $700000 | $704669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 04/01/56 | 400000 | 275680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 03/17/28 | 1200000 | 1173624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.870%, 07/23/60 | 1600000 | 966224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.252%, 09/29/32 | 1500000 | 1186185 |
|  |  | 4306382 |
| Paraguay — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Paraguay Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/15/26 | 314000 | 314066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.950%, 04/28/31 | 600000 | 598950 |
|  |  | 913016 |
| Peru — 3.5% |  |  |
| &nbsp;&nbsp;&nbsp;Peruvian Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.750%, 11/21/33 | 2400000 | 2973360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 08/08/54 | 1800000 | 1751400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 03/30/36 | 1500000 | 1511700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 02/08/35 | 1000000 | 1011380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.783%, 01/23/31 | 700000 | 639065 |
|  |  | 7886905 |
| Philippines — 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;Philippine Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 10/23/34 | 1900000 | 2117458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 01/17/48 | 1000000 | 999341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.700%, 02/02/42 | 400000 | 326314 |
|  |  | 3443113 |
| Poland — 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Gospodarstwa Krajowego MTN<br> 5.375%, 05/22/33 | 900000 | 921240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Poland Government International Bond<br> 5.500%, 04/04/53 | 2850000 | 2673267 |
|  |  | 3594507 |
| Qatar — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;Qatar Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.817%, 03/14/49 | 700000 | 639507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.400%, 04/16/50 | 1200000 | 1025492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 04/16/30 | 800000 | 789736 |
|  |  | 2454735 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **SOVEREIGN DEBT — continued** |  |  |
| Romania — 3.5% |  |  |
| &nbsp;&nbsp;&nbsp;Romanian Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 05/16/36 | $1000000 | $998074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 01/30/29 | 1500000 | 1532713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 09/16/30 | 1000000 | 1008605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 03/24/35 | 600000 | 569171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 11/25/27 | 600000 | 605259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/14/51 | 1100000 | 707516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 03/27/32 | 1200000 | 1055260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/14/31 | 1500000 | 1322167 |
|  |  | 7798765 |
| Saudi Arabia — 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;Saudi Government International Bond MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 01/16/54 | 2400000 | 2328382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 04/17/30 | 600000 | 603845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 02/02/33 | 600000 | 509939 |
|  |  | 3442166 |
| Senegal — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senegal Government International Bond<br> 6.250%, 05/23/33 | 1000000 | 742064 |
| Serbia — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Serbia International Bond<br> 6.500%, 09/26/33 | 1500000 | 1598359 |
| South Africa — 3.9% |  |  |
| &nbsp;&nbsp;&nbsp;Republic of South Africa Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.300%, 04/20/52 | 1000000 | 913811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 09/16/25 | 600000 | 599889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 04/20/32 | 2000000 | 1982444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 04/14/26 | 1600000 | 1597746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.850%, 09/27/27 | 1000000 | 1001849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.850%, 09/30/29 | 1800000 | 1761520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.300%, 10/12/28 | 1000000 | 977446 |
|  |  | 8834705 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **SOVEREIGN DEBT — continued** |  |  |
| Sri Lanka — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Sri Lanka Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/15/28 | $205451 | $195446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 06/15/35<sup>(A)</sup> | 400000 | 287103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 05/15/36<sup>(A)</sup> | 500000 | 419450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 02/15/38<sup>(A)</sup> | 100000 | 84001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.350%, 03/15/33<sup>(A)</sup> | 406380 | 338600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.100%, 01/15/30<sup>(A)</sup> | 207180 | 190357 |
|  |  | 1514957 |
| Trinidad & Tobago — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trinidad & Tobago Government International Bond<br> 6.400%, 06/26/34 | 800000 | 797984 |
| Turkey — 3.1% |  |  |
| &nbsp;&nbsp;&nbsp;Turkiye Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 01/03/35 | 1600000 | 1555335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 10/24/28 | 2400000 | 2434854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 05/11/47 | 1600000 | 1241277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 01/26/26 | 1000000 | 1000652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 04/14/26 | 1000000 | 997268 |
|  |  | 7229386 |
| Ukraine — 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Ukraine Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.531%, 02/01/30<sup>(A)</sup> | 200000 | 101238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.110%, 02/01/34<sup>(A)</sup> | 1500000 | 596837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.619%, 02/01/35<sup>(A)</sup> | 1000000 | 518241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.150%, 02/01/36<sup>(A)</sup> | 400000 | 207620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/01/34<sup>(A)</sup> | 350000 | 188226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/01/35<sup>(A)</sup> | 1600000 | 849007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/01/36<sup>(A)</sup> | 600000 | 316478 |
|  |  | 2777647 |
| United Arab Emirates — 2.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abu Dhabi Government International Bond<br> 5.500%, 04/30/54 | 2600000 | 2633178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abu Dhabi Government International Bond MTN<br> 4.875%, 04/30/29 | 600000 | 618655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance Department Government of Sharjah<br> 6.500%, 11/23/32 | 1300000 | 1389230 |
|  |  | 4641063 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **SOVEREIGN DEBT — continued** |  |  |
| Uruguay — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Uruguay Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.100%, 06/18/50 | $1200000 | $1108884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 01/23/31 | 600000 | 601620 |
|  |  | 1710504 |
| TOTAL SOVEREIGN DEBT <br> (Cost $141,571,782) |  | 147029940 |
| **CORPORATE OBLIGATIONS — 27.6%** |  |  |
| Azerbaijan — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern Gas Corridor CJSC<br> 6.875%, 03/24/26 | 1700000 | 1717692 |
| Brazil — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrials — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rumo Luxembourg SARL<br> 4.200%, 01/18/32 | 1000000 | 913750 |
| Chile — 4.9% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Staples — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cia Cervecerias Unidas<br> 3.350%, 01/19/32 | 1200000 | 1075320 |
| Energy — 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Empresa Nacional del Petroleo |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.150%, 05/10/33 | 1400000 | 1464399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 11/06/29 | 2200000 | 2233073 |
|  |  | 3697472 |
| Materials — 1.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corp Nacional del Cobre de Chile |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.950%, 01/08/34 | 700000 | 721164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 08/01/27 | 1500000 | 1475566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 09/30/29 | 2100000 | 1967107 |
|  |  | 4163837 |
| Utilities — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chile Electricity Lux MPC SARL<br> 6.010%, 01/20/33 | 2237500 | 2331296 |
|  |  | 11267925 |
| China — 0.2% |  |  |
| Consumer Discretionary — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prosus<br> 4.987%, 01/19/52 | 500000 | 392941 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **CORPORATE OBLIGATIONS — continued** |  |  |
| Colombia — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Energy — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecopetrol<br> 5.875%, 05/28/45 | $1300000 | $959051 |
| Hungary — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Utilities — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MVM Energetika Zrt<br> 6.500%, 03/13/31 | 1050000 | 1101852 |
| Indonesia — 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Materials — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freeport Indonesia<br> 6.200%, 04/14/52 | 200000 | 204265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freeport Indonesia MTN<br> 5.315%, 04/14/32 | 600000 | 612347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indonesia Asahan Aluminium / Mineral Industri Indonesia Persero<br> 6.530%, 11/15/28 | 1200000 | 1283777 |
|  |  | 2100389 |
| &nbsp;&nbsp;&nbsp;Utilities — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Perusahaan Perseroan Persero Perusahaan Listrik Negara MTN<br> 4.125%, 05/15/27 | 400000 | 398509 |
|  |  | 2498898 |
| Kazakhstan — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Energy — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KazMunayGas National JSC<br> 6.375%, 10/24/48 | 1000000 | 958963 |
| Kuwait — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Financials — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NBK SPC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, SOFRRATE + 1.160%, 06/06/30<sup>(D)</sup> | 1000000 | 1032050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.625%, SOFRRATE + 1.050%, 09/15/27<sup>(D)</sup> | 1200000 | 1161708 |
|  |  | 2193758 |
| Malaysia — 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;Energy — 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petronas Capital<br> 5.848%, 04/03/55 | 1000000 | 1022115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petronas Capital MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.550%, 04/21/50 | 1800000 | 1531343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 04/21/30 | 1100000 | 1069006 |
|  |  | 3622464 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **CORPORATE OBLIGATIONS — continued** |  |  |
| Mexico — 6.5% |  |  |
| &nbsp;&nbsp;&nbsp;Communication Services — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;America Movil<br> 4.700%, 07/21/32 | $1000000 | $992043 |
| &nbsp;&nbsp;&nbsp;Consumer Staples — 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Becle<br> 2.500%, 10/14/31 | 700000 | 594366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bimbo Bakeries USA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.400%, 01/15/34 | 1400000 | 1515466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.050%, 01/15/29 | 1000000 | 1049150 |
|  |  | 3158982 |
| &nbsp;&nbsp;&nbsp;Energy — 3.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.000%, 02/07/33 | 1200000 | 1343678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.690%, 01/23/50 | 1350000 | 1153920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.840%, 01/23/30 | 2000000 | 1998355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 03/13/27 | 1500000 | 1506136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.950%, 01/28/31 | 1400000 | 1308928 |
|  |  | 7311017 |
| &nbsp;&nbsp;&nbsp;Financials — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Nacional de Comercio Exterior SNC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 05/07/30 | 250000 | 257000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.720%, H15T5Y + 2.000%, 08/11/31<sup>(D)</sup> | 800000 | 776748 |
|  |  | 1033748 |
| &nbsp;&nbsp;&nbsp;Materials — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Orbia Advance<br> 2.875%, 05/11/31 | 600000 | 505650 |
| &nbsp;&nbsp;&nbsp;Utilities — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FIEMEX Energia - Banco Actinver Institucion de Banca Multiple<br> 7.250%, 01/31/41 | 1485761 | 1525475 |
|  |  | 14526915 |
| Morocco — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Materials — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OCP<br> 6.700%, 03/01/36 | 1800000 | 1860948 |
| Peru — 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;Energy — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pluspetrol Camisea / Pluspetrol Lote 56<br> 6.240%, 07/03/36 | 800000 | 838149 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **CORPORATE OBLIGATIONS — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Energy — continued |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transportadora de Gas del Peru<br> 4.250%, 04/30/28 | $120000 | $119678 |
|  |  | 957827 |
| &nbsp;&nbsp;&nbsp;Financials — 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Scotiabank Peru SAA<br> 6.100%, H15T1Y + 2.309%, 10/01/35<sup>(D)</sup> | 1500000 | 1547250 |
|  |  | 2505077 |
| Poland — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Energy — 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ORLEN<br> 6.000%, 01/30/35 | 1700000 | 1759025 |
| Saudi Arabia — 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;Energy — 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EIG Pearl Holdings SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.387%, 11/30/46 | 600000 | 486682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.545%, 08/31/36 | 595586 | 541004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saudi Arabian Oil MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 07/17/54 | 1800000 | 1719000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 04/16/29 | 600000 | 584462 |
|  |  | 3331148 |
| &nbsp;&nbsp;&nbsp;Utilities — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acwa Power Management and Investments One<br> 5.950%, 12/15/39 | 553800 | 557969 |
|  |  | 3889117 |
| South Africa — 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;Materials — 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sasol Financing USA<br> 5.500%, 03/18/31 | 400000 | 337231 |
| &nbsp;&nbsp;&nbsp;Utilities — 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eskom Holdings MTN<br> 6.350%, 08/10/28 | 2900000 | 2957830 |
|  |  | 3295061 |
| South Korea — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;Information Technology — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SK Hynix<br> 2.375%, 01/19/31 | 600000 | 537569 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **CORPORATE OBLIGATIONS — continued** |  |  |
| Thailand — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Materials — 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GC Treasury Center MTN<br> 2.980%, 03/18/31 | $1200000 | $1095771 |
| United Arab Emirates — 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Energy — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abu Dhabi Crude Oil Pipeline<br> 4.600%, 11/02/47 | 600000 | 550455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adnoc Murban Rsc<br> 5.125%, 09/11/54 | 200000 | 187602 |
|  |  | 738057 |
| &nbsp;&nbsp;&nbsp;Industrials — 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DP World Crescent<br> 5.500%, 09/13/33 | 400000 | 414359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DP World Crescent MTN<br> 4.848%, 09/26/28 | 200000 | 201769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DP World MTN<br> 4.700%, 09/30/49 | 400000 | 339830 |
|  |  | 955958 |
| &nbsp;&nbsp;&nbsp;Utilities — 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Central Cooling PJSC<br> 2.500%, 10/21/27 | 800000 | 765096 |
|  |  | 2459111 |
| United Kingdom — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;Consumer Staples — 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CK Hutchison International 23<br> 4.750%, 04/21/28 | 500000 | 507784 |
| United States — 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;Financials — 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America MTN<br> 4.948%, SOFRRATE + 2.040%, 07/22/28<sup>(D)</sup>  | 1000000 | 1013195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.960%, TSFR3M + 1.507%, 01/29/27<sup>(D)</sup> | 1100000 | 1098346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.578%, SOFRRATE + 0.885%, 04/22/27<sup>(D)</sup> | 1200000 | 1179411 |
|  |  | 3290952 |
| &nbsp;&nbsp;&nbsp;Materials — 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GCC<br> 3.614%, 04/20/32 | 1500000 | 1359125 |
|  |  | 4650077 |
| TOTAL CORPORATE OBLIGATIONS <br> (Cost $61,909,910) |  | 62713749 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **U.S. TREASURY OBLIGATIONS — 4.7%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 02/15/2055 | $2000000 | $1906250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 11/15/2054 | 2000000 | 1866953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 02/15/2054 | 2000000 | 1789375 |
|  |  | 5562578 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/31/2025 | 2000000 | 2002096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 01/31/2030 | 2000000 | 2047109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 11/15/2034 | 1000000 | 1006563 |
|  |  | 5055768 |
| TOTAL U.S. TREASURY OBLIGATIONS<br> (Cost $10,663,330) |  | 10618346 |
|  | **Shares** |  |
| **EXCHANGE-TRADED FUND — 0.9%** |  |  |
| **Domestic Fixed Income — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Global X 1-3 Month T-Bill ETF <sup>(E)</sup> | 20000 | 2008600 |
| TOTAL EXCHANGE-TRADED FUND <br> (Cost $2,009,548) |  | 2008600 |
| TOTAL INVESTMENTS — 98.0%<br> (Cost $216,154,570) |  | $222370635 |

---

 

*Percentages are based on Net Assets of $226,922,866.*

*(A)* *Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.* 

*(B)* *Security exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions exempt from registration normally to qualified institutions. On August 31, 2025, the value of these securities amounted to $756,952, representing 0.3% of the Net Assets of the Fund.* 

*(C)* *Security in default on interest payments.* 

*(D)* *Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; or by adjusting periodically based on prevailing interest rates.* 

*(E)* *Affiliated investment.*![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Emerging Markets Bond ETF** | **Global X Emerging Markets Bond ETF** |

---

*The following is a summary of the level of inputs used as of August 31, 2025, in valuing the Fund's investments carried at value:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| Investments in Securities | Level 1 | Level 2 | Level 3 | Total |
| &nbsp;&nbsp;&nbsp;Sovereign Debt | $*—* | $147029940 | $*—* | $147029940 |
| &nbsp;&nbsp;&nbsp;Corporate Obligations |  | 62713749 |  | 62713749 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Obligations |  | 10618346 |  | 10618346 |
| &nbsp;&nbsp;&nbsp;Exchange-Traded Fund | 2008600 |  |  | 2008600 |
| Total Investments in Securities | $2008600 | $220362035 | $*—* | $222370635 |

---

 

*The following is a summary of the Fund's transactions with affiliates for the period ended August 31, 2025:*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Value<br> 11/30/2024 | Purchases<br> at Cost | Proceeds<br> from Sales | Change in<br> Unrealized<br> Appreciation<br> (Depreciation) | Realized Gain<br> (Loss) | Value<br> 8/31/2025 | Income | Capital Gains |
| **Global X 1-3 Month T-Bill ETF** | **Global X 1-3 Month T-Bill ETF** | **Global X 1-3 Month T-Bill ETF** | **Global X 1-3 Month T-Bill ETF** |  |  |  |  |
| $1255688 | $752776 | $— | $136 | $— | $2008600 | $61623 | $— |

---

*Amounts designated as "—" are $0 or have been rounded to $0.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedules of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Brazil Active ETF** | **Global X Brazil Active ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 93.7%** |  |  |
| **BRAZIL — 88.5%** |  |  |
| Consumer Discretionary — 7.4% |  |  |
| &nbsp;&nbsp;&nbsp;Direcional Engenharia | 66500 | $189279 |
| &nbsp;&nbsp;&nbsp;MercadoLibre <sup>\*</sup> | 35 | 86552 |
| &nbsp;&nbsp;&nbsp;Vivara Participacoes | 41500 | 221716 |
|  |  | 497547 |
| Consumer Staples — 3.3% |  |  |
| &nbsp;&nbsp;&nbsp;Raia Drogasil | 69200 | 223736 |
| Energy — 14.3% |  |  |
| &nbsp;&nbsp;&nbsp;Petroleo Brasileiro ADR | 61139 | 758124 |
| &nbsp;&nbsp;&nbsp;PRIO <sup>\*</sup> | 28400 | 198137 |
|  |  | 956261 |
| Financials — 34.7% |  |  |
| &nbsp;&nbsp;&nbsp;Banco Bradesco ADR | 121066 | 376515 |
| &nbsp;&nbsp;&nbsp;Banco BTG Pactual | 40200 | 332229 |
| &nbsp;&nbsp;&nbsp;Itau Unibanco Holding ADR | 107525 | 767729 |
| &nbsp;&nbsp;&nbsp;NU Holdings, Cl A <sup>\*</sup> | 57211 | 846723 |
|  |  | 2323196 |
| Industrials — 7.4% |  |  |
| &nbsp;&nbsp;&nbsp;Embraer ADR | 902 | 50810 |
| &nbsp;&nbsp;&nbsp;Localiza Rent a Car | 14500 | 95739 |
| &nbsp;&nbsp;&nbsp;Rumo | 36300 | 97302 |
| &nbsp;&nbsp;&nbsp;WEG | 35700 | 247685 |
|  |  | 491536 |
| Materials — 11.6% |  |  |
| &nbsp;&nbsp;&nbsp;ERO Copper <sup>\*</sup> | 6023 | 86510 |
| &nbsp;&nbsp;&nbsp;Suzano ADR | 16222 | 157840 |
| &nbsp;&nbsp;&nbsp;Vale ADR, Cl B | 37247 | 382899 |
| &nbsp;&nbsp;&nbsp;Wheaton Precious Metals | 1456 | 146211 |
|  |  | 773460 |
| Utilities — 9.8% |  |  |
| &nbsp;&nbsp;&nbsp;Centrais Eletricas Brasileiras ADR | 31970 | 263433 |
| &nbsp;&nbsp;&nbsp;Cia Paranaense de Energia - Copel ADR | 25666 | 232534 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedules of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Brazil Active ETF** | **Global X Brazil Active ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Utilities — continued |  |  |
| &nbsp;&nbsp;&nbsp;Equatorial Energia | 23900 | $161018 |
|  |  | 656985 |
| TOTAL BRAZIL |  | 5922721 |
| **MEXICO — 1.2%** |  |  |
| Consumer Staples — 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Coca-Cola Femsa ADR | 936 | 79551 |
| **UNITED STATES — 4.0%** |  |  |
| Consumer Staples — 2.1% |  |  |
| &nbsp;&nbsp;&nbsp;JBS NV <sup>\*</sup> | 8710 | 140019 |
| Information Technology — 1.9% |  |  |
| &nbsp;&nbsp;&nbsp;Globant <sup>\*</sup> | 1871 | 125843 |
| TOTAL UNITED STATES |  | 265862 |
| TOTAL COMMON STOCK<br> (Cost $5,841,879) |  | 6268134 |
| **PREFERRED STOCK — 5.1%** |  |  |
| **BRAZIL—5.1%** |  |  |
| Financials — 5.1% |  |  |
| &nbsp;&nbsp;&nbsp;Itausa <sup>(A)</sup> | 165233 | 341540 |
| TOTAL PREFERRED STOCK<br> (Cost $288,806) |  | 341540 |
| TOTAL INVESTMENTS — 98.8%<br> (Cost $6,130,685) |  | $6609674 |

---

 

*Percentages are based on Net Assets of $6,691,095.*

*\** *Non-income producing security.* <br> *(A)* *There is currently no stated interest rate.*

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedules of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Brazil Active ETF** | **Global X Brazil Active ETF** |

---

*As of August 31, 2025, all of the Fund's investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedules of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X India Active ETF** | **Global X India Active ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — 98.3%** |  |  |
| **INDIA — 96.1%** |  |  |
| Communication Services — 5.2% |  |  |
| &nbsp;&nbsp;&nbsp;Bharti Airtel | 117813 | $2522300 |
| Consumer Discretionary — 11.6% |  |  |
| &nbsp;&nbsp;&nbsp;Eicher Motors | 15600 | 1079159 |
| &nbsp;&nbsp;&nbsp;&nbsp;FSN E-Commerce Ventures <sup>\*</sup> | 225696 | 588779 |
| &nbsp;&nbsp;&nbsp;Tata Motors | 149817 | 1136069 |
| &nbsp;&nbsp;&nbsp;Titan | 39122 | 1609168 |
| &nbsp;&nbsp;&nbsp;&nbsp;Zomato <sup>\*</sup> | 348789 | 1241197 |
|  |  | 5654372 |
| Consumer Staples — 6.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Avenue Supermarts <sup>\*</sup> | 26256 | 1415309 |
| &nbsp;&nbsp;&nbsp;United Spirits | 112585 | 1673019 |
|  |  | 3088328 |
| Energy — 9.9% |  |  |
| &nbsp;&nbsp;&nbsp;Bharat Petroleum | 284494 | 993855 |
| &nbsp;&nbsp;&nbsp;Reliance Industries GDR | 64019 | 3847542 |
|  |  | 4841397 |
| Financials — 32.3% |  |  |
| &nbsp;&nbsp;&nbsp;Axis Bank | 190764 | 2260025 |
| &nbsp;&nbsp;&nbsp;Federal Bank | 522357 | 1135088 |
| &nbsp;&nbsp;&nbsp;General Insurance Corp of India | 211909 | 873475 |
| &nbsp;&nbsp;&nbsp;&nbsp;Go Digit General Insurance <sup>\*</sup> | 254703 | 1032547 |
| &nbsp;&nbsp;&nbsp;HDFC Bank | 404848 | 4366806 |
| &nbsp;&nbsp;&nbsp;ICICI Bank ADR | 111490 | 3538692 |
| &nbsp;&nbsp;&nbsp;Kfin Technologies | 40810 | 472384 |
| &nbsp;&nbsp;&nbsp;SBI Life Insurance | 60164 | 1231265 |
| &nbsp;&nbsp;&nbsp;Shriram Finance | 124601 | 819510 |
|  |  | 15729792 |
| Health Care — 2.9% |  |  |
| &nbsp;&nbsp;&nbsp;Apollo Hospitals Enterprise | 16203 | 1397647 |
| Industrials — 5.1% |  |  |
| &nbsp;&nbsp;&nbsp;InterGlobe Aviation | 8172 | 522982 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedules of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X India Active ETF** | **Global X India Active ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK — continued** |  |  |
| Industrials — continued |  |  |
| &nbsp;&nbsp;&nbsp;Larsen & Toubro | 48331 | $1972724 |
|  |  | 2495706 |
| Information Technology — 10.9% |  |  |
| &nbsp;&nbsp;&nbsp;Infosys ADR | 153751 | 2586092 |
| &nbsp;&nbsp;&nbsp;LTIMindtree | 15287 | 889515 |
| &nbsp;&nbsp;&nbsp;Tata Consultancy Services | 52434 | 1833341 |
|  |  | 5308948 |
| Materials — 5.7% |  |  |
| &nbsp;&nbsp;&nbsp;Steel Authority of India | 687188 | 924267 |
| &nbsp;&nbsp;&nbsp;UltraTech Cement | 13061 | 1871289 |
|  |  | 2795556 |
| Real Estate — 3.3% |  |  |
| &nbsp;&nbsp;&nbsp;Prestige Estates Projects | 91753 | 1624288 |
| Utilities — 2.8% |  |  |
| &nbsp;&nbsp;&nbsp;NTPC | 364497 | 1353284 |
| TOTAL INDIA |  | 46811618 |
| **UNITED STATES — 2.2%** |  |  |
| Industrials — 2.2% |  |  |
| &nbsp;&nbsp;&nbsp;Timken | 13816 | 1067010 |
| TOTAL COMMON STOCK<br> (Cost $47,777,652) |  | 47878628 |
| TOTAL INVESTMENTS — 98.3%<br> (Cost $47,777,652) |  | $47878628 |

---

 

*Percentages are based on Net Assets of $48,718,948.*

*\** *Non-income producing security.*

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedules of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X India Active ETF** | **Global X India Active ETF** |

---

*As of August 31, 2025, all of the Fund's investments were considered Level 1, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Investment Grade Corporate Bond ETF** | **Global X Investment Grade Corporate Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **CORPORATE OBLIGATIONS — 97.0%** |  |  |
| Canada — 4.2% |  |  |
| &nbsp;&nbsp;&nbsp;Financials — 2.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brookfield Asset Management <br> 5.795%, 04/24/35 | $1092000 | $1131725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fairfax Financial Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.350%, 03/22/54 | 936000 | 953553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 05/20/35<sup>(A)</sup> | 2652000 | 2708449 |
|  |  | 4793727 |
| &nbsp;&nbsp;&nbsp;Industrials — 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Pacific Railway <br> 2.450%, 12/02/31 | 3744000 | 3316662 |
|  |  | 8110389 |
| United States — 92.8% |  |  |
| &nbsp;&nbsp;&nbsp;Communication Services — 5.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet <br> 2.250%, 08/15/60 | 3900000 | 2022072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comcast |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 05/15/64 | 1092000 | 1004852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.900%, 03/01/38 | 780000 | 679109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.987%, 11/01/63 | 6864000 | 3817769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fox <br> 5.476%, 01/25/39 | 1404000 | 1386880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netflix <br> 5.875%, 11/15/28 | 468000 | 494282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T-Mobile USA <br> 4.375%, 04/15/40 | 2652000 | 2356074 |
|  |  | 11761038 |
| &nbsp;&nbsp;&nbsp;Consumer Discretionary — 4.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DR Horton <br> 5.500%, 10/15/35 | 1248000 | 1278189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Las Vegas Sands |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/14/30 | 2184000 | 2276734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 06/15/28 | 1404000 | 1437418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marriott International <br> 5.500%, 04/15/37 | 2184000 | 2191775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PVH <br> 5.500%, 06/13/30 | 1248000 | 1272330 |
|  |  | 8456446 |
| &nbsp;&nbsp;&nbsp;Consumer Staples — 4.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Altria Group <br> 5.800%, 02/14/39 | 1872000 | 1910583 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Investment Grade Corporate Bond ETF** | **Global X Investment Grade Corporate Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **CORPORATE OBLIGATIONS — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Consumer Staples — continued |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Philip Morris International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 02/15/28 | $2964000 | $3018799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 11/01/31 | 3120000 | 3165024 |
|  |  | 8094406 |
| &nbsp;&nbsp;&nbsp;Energy — 7.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;APA <br> 6.750%, 02/15/55<sup>(A)</sup> | 2340000 | 2218785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cheniere Energy Partners <br> 4.000%, 03/01/31 | 1560000 | 1503335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EOG Resources |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.650%, 12/01/54 | 936000 | 904823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.350%, 01/15/36 | 468000 | 474982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.400%, 07/15/28 | 312000 | 315018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 04/15/30 | 312000 | 313826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MPLX <br> 4.500%, 04/15/38 | 2340000 | 2086598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occidental Petroleum <br> 6.375%, 09/01/28 | 1092000 | 1139467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ovintiv <br> 6.500%, 02/01/38 | 1560000 | 1604946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sabine Pass Liquefaction <br> 5.000%, 03/15/27 | 936000 | 941296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Midstream Operating |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 02/01/50 | 1716000 | 1433549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.050%, 02/01/30 | 1092000 | 1061762 |
|  |  | 13998387 |
| &nbsp;&nbsp;&nbsp;Financials — 28.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ally Financial |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 11/01/31 | 780000 | 892675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.992%, SOFRRATE + 3.260%, 06/13/29<sup>(B)</sup> | 1092000 | 1155674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.737%, SOFRINDX + 1.960%, 05/15/29<sup>(B)</sup> | 1248000 | 1281592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American National Group <br> 5.750%, 10/01/29 | 800000 | 826031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of New York Mellon MTN <br> 6.317%, SOFRRATE + 1.598%, 10/25/29<sup>(B)</sup> | 7332000 | 7812303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brown & Brown <br> 6.250%, 06/23/55 | 2340000 | 2392367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital One Financial <br> 7.964%, SOFRINDX + 3.370%, 11/02/34<sup>(B)</sup> | 1248000 | 1460259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charles Schwab <br> 6.196%, SOFRRATE + 1.878%, 11/17/29<sup>(B)</sup> | 780000 | 829988 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Investment Grade Corporate Bond ETF** | **Global X Investment Grade Corporate Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **CORPORATE OBLIGATIONS — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Financials — continued |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.612%, SOFRRATE + 1.746%, 03/04/56<sup>(B)</sup> | $312000 | $304498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.520%, SOFRRATE + 1.177%, 11/03/32<sup>(B)</sup> | 3900000 | 3452584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNB <br> 5.722%, SOFRINDX + 1.930%, 12/11/30<sup>(B)</sup> | 936000 | 953551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.484%, SOFRRATE + 1.770%, 10/24/29<sup>(B)</sup> | 3588000 | 3818170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.734%, SOFRRATE + 1.696%, 01/28/56<sup>(B)</sup> | 1560000 | 1554988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.650%, SOFRRATE + 1.264%, 10/21/32<sup>(B)</sup> | 5460000 | 4881627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Golub Capital BDC <br> 2.050%, 02/15/27 | 2028000 | 1947824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marsh & McLennan <br> 4.850%, 11/15/31 | 936000 | 957790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.407%, SOFRRATE + 1.830%, 11/01/29<sup>(B)</sup> | 3588000 | 3813983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.516%, SOFRRATE + 1.710%, 11/19/55<sup>(B)</sup> | 1560000 | 1521361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Rural Utilities Cooperative Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.950%, 02/07/30 | 624000 | 642903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 02/07/28 | 624000 | 633766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PNC Financial Services Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, SOFRRATE + 2.284%, 10/20/34<sup>(B)</sup> | 4212000 | 4729129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.575%, SOFRRATE + 1.394%, 01/29/36<sup>(B)</sup> | 4524000 | 4670079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sixth Street Specialty Lending <br> 5.625%, 08/15/30 | 2652000 | 2684573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synchrony Financial <br> 6.000%, SOFRRATE + 2.070%, 07/29/36<sup>(B)</sup> | 1560000 | 1576748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Travelers <br> 5.700%, 07/24/55 | 1404000 | 1405944 |
|  |  | 56200407 |
| &nbsp;&nbsp;&nbsp;Health Care — 13.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bristol-Myers Squibb <br> 4.125%, 06/15/39 | 3900000 | 3474494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centene <br> 2.625%, 08/01/31 | 4624000 | 3918731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gilead Sciences |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.100%, 06/15/35 | 3432000 | 3480501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.800%, 11/15/29 | 2964000 | 3043081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HCA <br> 6.200%, 03/01/55 | 3744000 | 3716983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royalty Pharma PLC <br> 5.900%, 09/02/54 | 2028000 | 1946495 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Investment Grade Corporate Bond ETF** | **Global X Investment Grade Corporate Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **CORPORATE OBLIGATIONS — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Health Care — continued |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Universal Health Services <br> 2.650%, 10/15/30 | $4680000 | $4200752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Viatris <br> 3.850%, 06/22/40 | 2808000 | 2099798 |
|  |  | 25880835 |
| &nbsp;&nbsp;&nbsp;Industrials — 5.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSX <br> 4.250%, 03/15/29 | 468000 | 469822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cummins |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.450%, 02/20/54 | 936000 | 906576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.700%, 02/15/31 | 936000 | 950949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerson Electric <br> 2.000%, 12/21/28 | 3276000 | 3082851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leidos <br> 5.500%, 03/15/35 | 1872000 | 1916103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regal Rexnord <br> 6.050%, 04/15/28 | 3432000 | 3553129 |
|  |  | 10879430 |
| &nbsp;&nbsp;&nbsp;Information Technology — 11.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amphenol <br> 5.375%, 11/15/54 | 2340000 | 2271651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AppLovin |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.950%, 12/01/54 | 2496000 | 2428917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 12/01/31 | 1404000 | 1446657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CDW <br> 3.569%, 12/01/31 | 4212000 | 3920769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intel <br> 3.100%, 02/15/60 | 3900000 | 2167424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KLA <br> 4.950%, 07/15/52 | 2340000 | 2123401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oracle <br> 3.600%, 04/01/40 | 2496000 | 1978561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sprint Capital <br> 6.875%, 11/15/28 | 936000 | 1006920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Instruments <br> 5.050%, 05/18/63 | 2184000 | 1961643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VMware <br> 1.800%, 08/15/28 | 3744000 | 3501683 |
|  |  | 22807626 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Investment Grade Corporate Bond ETF** | **Global X Investment Grade Corporate Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **CORPORATE OBLIGATIONS — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Materials — 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dow Chemical <br> 5.950%, 03/15/55 | $2184000 | $2026223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecolab <br> 4.300%, 06/15/28 | 1092000 | 1101453 |
|  |  | 3127676 |
| &nbsp;&nbsp;&nbsp;Real Estate — 3.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Host Hotels & Resorts <br> 5.700%, 07/01/34 | 1560000 | 1586316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VICI Properties |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 04/01/54 | 1092000 | 1061041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 04/01/35 | 1404000 | 1419807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 04/01/28 | 2496000 | 2523138 |
|  |  | 6590302 |
| &nbsp;&nbsp;&nbsp;Utilities — 8.9% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AEP Transmission <br> 5.375%, 06/15/35 | 1560000 | 1598082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DTE Energy |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.200%, 04/01/30 | 936000 | 964790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.950%, 07/01/27 | 936000 | 948474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Duke Energy Florida <br> 2.400%, 12/15/31 | 1404000 | 1256716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FirstEnergy <br> 3.400%, 03/01/50 | 1404000 | 942750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Georgia Power <br> 4.750%, 09/01/40 | 1716000 | 1604433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pacific Gas and Electric <br> 6.750%, 01/15/53 | 936000 | 966213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PacifiCorp <br> 5.500%, 05/15/54 | 2808000 | 2567692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Service Enterprise Group <br> 2.450%, 11/15/31 | 2340000 | 2077062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern <br> 4.250%, 07/01/36 | 1248000 | 1148619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;System Energy Resources <br> 5.300%, 12/15/34 | 936000 | 932587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tucson Electric Power <br> 5.900%, 04/15/55 | 2652000 | 2618952 |
|  |  | 17626370 |
|  |  | 185422923 |
| TOTAL CORPORATE OBLIGATIONS <br> (Cost $192,570,757) |  | 193533312 |

---

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Investment Grade Corporate Bond ETF** | **Global X Investment Grade Corporate Bond ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **U.S. TREASURY OBLIGATION — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Note <br> 4.250%, 01/31/2026 | $2200000 | $2200894 |
| TOTAL U.S. TREASURY OBLIGATION <br> (Cost $2,199,108) |  | 2200894 |
| TOTAL INVESTMENTS — 98.1% <br> (Cost $194,769,865) |  | $195734206 |

---

 

*Percentages are based on Net Assets of $199,496,977.*

*(A)* *Security exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions exempt from registration normally to qualified institutions. On August 31, 2025, the value of these securities amounted to $4,927,234, representing 2.5% of the Net Assets of the Fund.* 

*(B)* *Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; or by adjusting periodically based on prevailing interest rates.* 

 

*As of August 31, 2025, all of the Fund's investments were considered Level 2, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom3.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Glossary (abbreviations which may be used in the preceding Schedules of Investments):** | **Glossary (abbreviations which may be used in the preceding Schedules of Investments):** |

---

**Fund Abbreviations**

ADR — American Depositary Receipt

Cl — Class

ETF — Exchange Traded Fund

GDR — Global Depositary Receipt

H15T5Y — US Treasury Yield Curve Rate T Note Constant Maturity 5 Year

JSC — Joint-Stock Company

MTN — Medium Term Note

PJSC — Public Joint-Stock Company

SOFR — Secured Overnight Financing Rate

TSFR3M — Term Secured Overnight Financing Rate 3-Month

GLX-QH-009-1100

![](logom4.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Interest Rate Volatility & Inflation Hedge ETF** | **Global X Interest Rate Volatility & Inflation Hedge ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **U.S. TREASURY OBLIGATIONS — 92.8%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 04/15/2029 | $25508 | $28079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 04/15/2028 | 15955 | 17063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.375%, 04/15/2032 | 23624 | 26614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 01/15/2029 | 51081 | 53682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 10/15/2028 | 38965 | 40814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 02/15/2055 | 10222 | 9666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.125%, 04/15/2029 | 39628 | 41154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.125%, 01/15/2035 | 20442 | 21009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.125%, 02/15/2040 | 5969 | 5946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.125%, 02/15/2054 | 13663 | 12212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875%, 07/15/2034 | 34951 | 35429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 01/15/2028 | 20016 | 20419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 01/15/2034 | 52468 | 52735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.625%, 10/15/2027 | 8711 | 8881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.625%, 10/15/2029 | 30754 | 31545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.625%, 04/15/2030 | 10133 | 10349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 02/15/2053 | 13022 | 10069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.375%, 07/15/2033 | 57352 | 56551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.375%, 02/15/2044 | 23529 | 19664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 04/15/2028 | 21508 | 21680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.125%, 01/15/2033 | 54144 | 52586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 02/15/2046 | 16336 | 12240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 02/15/2048 | 15697 | 11393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 02/15/2049 | 20510 | 14637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.875%, 01/15/2029 | 48543 | 48416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.875%, 02/15/2047 | 16035 | 11487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.750%, 02/15/2042 | 11420 | 8885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.750%, 02/15/2045 | 5479 | 3971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.625%, 07/15/2032 | 36636 | 34779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.625%, 02/15/2043 | 16836 | 12505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500%, 01/15/2028 | 20923 | 20737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.375%, 01/15/2027 | 16024 | 15913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.375%, 07/15/2027 | 15824 | 15744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.250%, 07/15/2029 | 51702 | 50384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.250%, 02/15/2050 | 10033 | 5704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.125%, 10/15/2026 | 14165 | 14083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.125%, 01/15/2030 | 37612 | 36077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.125%, 07/15/2030 | 15097 | 14422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.125%, 01/15/2031 | 24782 | 23368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.125%, 07/15/2031 | 45733 | 42872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.125%, 01/15/2032 | 15127 | 13972 |

---

![](logom4.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Global X Interest Rate Volatility & Inflation Hedge ETF** | **Global X Interest Rate Volatility & Inflation Hedge ETF** |

---

---

| | | |
|:---|:---|:---|
|  | **Face Amount** | **Value** |
| **U.S. TREASURY OBLIGATIONS — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.125%, 02/15/2052 | $9270 | $4819 |
|  |  | 992555 |
| TOTAL U.S. TREASURY OBLIGATIONS <br> (Cost $1,003,071) |  | 992555 |
| **PURCHASED OPTIONS — 6.5%**<br> (Cost $51,000) |  | 69911 |
| TOTAL INVESTMENTS — 99.3% <br> (Cost $1,054,071) |  | $1062466 |

---

*Percentages are based on Net Assets of $1,070,304.*

*A list of the OTC interest rate options purchased by the Fund at August 31, 2025, is as follows:*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Counterparty** | **Number of**<br> **Contracts/**<br> **Notional**<br> **Amount** | **Exercise Rate** | **Expiration**<br> **Date** | **Value** |
| **Call Options** |  |  |  |  |  |
| *U.S. 2Yr/10Yr SOFR Spread Option* | UBS | 15000000 | 0.270% | 07/23/26 | $69911 |

---

*As of August 31, 2025, all of the Fund's investments were considered Level 2, in accordance with authoritative guidance on fair value measurements and disclosure under U.S. GAAP.*

*For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.*

*See "Glossary" for abbreviations.*

![](logom4.jpg)

---

| | |
|:---|:---|
| **Schedule of Investments** | **August 31, 2025 (Unaudited)** |
| **Glossary (abbreviations which may be used in the preceding Schedules of Investments):** | **Glossary (abbreviations which may be used in the preceding Schedules of Investments):** |

---

**Fund Abbreviations**

OTC — Over The Counter<br> SOFR — Secured Overnight Financing Rate

GLX-QH-011-0700

## 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 Genomics & Biotechnology ETF

- **b. EDGAR series identifier (if any):** S000062676

- **c. LEI of Series:** 549300YI350KRC1BQK73

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

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

- **b. Date as of which information is reported:** 2025-08-31

**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:** $46088211.89

**Total Liabilities:** $17947.08

**Net Assets:** $46070264.81

**Cash Not Reported:** $48525.43

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000203266 | 5.76%                | 3.09%                | 8.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $11934.84                | $2491794.62                                |
| Month 2  | $-619533.55              | $2072877.60                                |
| Month 3  | $0.00                    | $3490741.89                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALNYLAM PHARMACEUTICALS, INC.           | ALNYLAM PHARMACEUTICALS INC COMMON STOCK   | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               |  | US        |      6935 | NS      | $3096546.85   | 6.72%             |  |  |  | No            |                  1 | On Loan: No      |
| NATERA, INC.                            | NATERA INC COMMON STOCK                    | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               |  | US        |     11293 | NS      | $1900047.25   | 4.12%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INCORPORATED     | VERTEX PHARMACEUTICALS INC COMMON STOCK    | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               |  | US        |      3406 | NS      | $1331814.12   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Twist Bioscience Corp                   | TWIST BIOSCIENCE CORP COMMON STOCK         | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               |  | US        |     30970 | NS      | $835260.90    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte Inc                            | VERACYTE INC COMMON STOCK                  | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               |  | US        |     42233 | NS      | $1281349.22   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CAREDX, INC.                            | CAREDX INC COMMON STOCK                    | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               |  | US        |     28337 | NS      | $387083.42    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| BioNTech SE                             | BIONTECH SE-ADR DEPOSITARY RECEIPT         | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               |  | US        |     14609 | NS      | $1460900.00   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Legend Biotech Corp                     | LEGEND BIOTECH CORP-ADR DEPOSITARY RECEIPT | CUSIP: 52490G102<br>LEI: 254900EIUFZTW136H859 | Long             | EC               |  | US        |     48911 | NS      | $1698679.03   | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Maravai LifeSciences Holdings Inc       | MARAVAI LIFESCIENCES HLDGS-A COMMON STOCK  | CUSIP: 56600D107<br>LEI: N/A                  | Long             | EC               |  | US        |     63990 | NS      | $154855.80    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Qiagen N.V.                             | QIAGEN N.V. COMMON STOCK                   | CUSIP: N72482206<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               |  | US        |     39643 | NS      | $1843399.50   | 4.00%             |  |  |  | No            |                  1 | On Loan: —       |
| PACIFIC BIOSCIENCES OF CALIFORNIA, INC. | PACIFIC BIOSCIENCES OF CALIF COMMON STOCK  | CUSIP: 69404D108<br>LEI: 529900F1BWRE1M0KZN89 | Long             | EC               |  | US        |    144356 | NS      | $189106.36    | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| ARROWHEAD PHARMACEUTICALS, INC.         | ARROWHEAD PHARMACEUTICALS IN COMMON STOCK  | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               |  | US        |     62740 | NS      | $1382162.20   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BIO-TECHNE CORPORATION                  | BIO-TECHNE CORP COMMON STOCK               | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               |  | US        |     33445 | NS      | $1827100.35   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MODERNA, INC.                           | MODERNA INC COMMON STOCK                   | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               |  | US        |     63210 | NS      | $1522728.90   | 3.31%             |  |  |  | No            |                  1 | On Loan: —       |
| FULGENT GENETICS, INC.                  | FULGENT GENETICS INC COMMON STOCK          | CUSIP: 359664109<br>LEI: 549300CL6P01M68QJ404 | Long             | EC               |  | US        |     10888 | NS      | $241386.96    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoke Therapeutics Inc                  | STOKE THERAPEUTICS INC COMMON STOCK        | CUSIP: 86150R107<br>LEI: 549300RD25SS2DIJHJ67 | Long             | EC               |  | US        |     22852 | NS      | $451555.52    | 0.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Personalis Inc                          | PERSONALIS INC COMMON STOCK                | CUSIP: 71535D106<br>LEI: 549300EZ2NYFK7H0US48 | Long             | EC               |  | US        |     33985 | NS      | $166186.65    | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| INTELLIA THERAPEUTICS, INC.             | INTELLIA THERAPEUTICS INC COMMON STOCK     | CUSIP: 45826J105<br>LEI: 5493002T5BCPE5DZC723 | Long             | EC               |  | US        |     53501 | NS      | $607503.86    | 1.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Prime Medicine Inc                      | PRIME MEDICINE INC COMMON STOCK            | CUSIP: 74168J101<br>LEI: N/A                  | Long             | EC               |  | US        |     70353 | NS      | $227943.72    | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| WAVE Life Sciences Ltd                  | WAVE LIFE SCIENCES LTD COMMON STOCK        | CUSIP: Y95308105<br>LEI: 54930070006GPKFYZ813 | Long             | EC               |  | US        |     67290 | NS      | $645984.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                         | ASTRAZENECA PLC COMMON STOCK               | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               |  | GB        |      6096 | NS      | $971018.01    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Genscript Biotech Corp                  | GENSCRIPT BIOTECH CORP COMMON STOCK        | CUSIP: N/A<br>LEI: 529900YIYUOJOXSAE372       | Long             | EC               |  | HK        |    611718 | NS      | $1349634.69   | 2.93%             |  |  |  | No            |                  1 | On Loan: —       |
| Beam Therapeutics Inc                   | BEAM THERAPEUTICS INC COMMON STOCK         | CUSIP: 07373V105<br>LEI: N/A                  | Long             | EC               |  | US        |     47180 | NS      | $771864.80    | 1.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Regenxbio Inc                           | REGENXBIO INC COMMON STOCK                 | CUSIP: 75901B107<br>LEI: 549300EOES47LATSET33 | Long             | EC               |  | US        |     24700 | NS      | $220571.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AGILENT TECHNOLOGIES, INC.              | AGILENT TECHNOLOGIES INC COMMON STOCK      | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               |  | US        |      7985 | NS      | $1003395.10   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY AND COMPANY                   | ELI LILLY & CO COMMON STOCK                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               |  | US        |      1010 | NS      | $739905.80    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Sana Biotechnology Inc                  | SANA BIOTECHNOLOGY INC COMMON STOCK        | CUSIP: 799566104<br>LEI: N/A                  | Long             | EC               |  | US        |     73256 | NS      | $224163.36    | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| SANGAMO THERAPEUTICS, INC.              | SANGAMO THERAPEUTICS INC COMMON STOCK      | CUSIP: 800677106<br>LEI: 2549006WMRKRC4G32Z67 | Long             | EC               |  | US        |    165219 | NS      | $85913.88     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Vir Biotechnology Inc                   | VIR BIOTECHNOLOGY INC COMMON STOCK         | CUSIP: 92764N102<br>LEI: N/A                  | Long             | EC               |  | US        |     48111 | NS      | $237668.34    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                    | GENEDX HOLDINGS CORP COMMON STOCK          | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               |  | US        |     13674 | NS      | $1770646.26   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLUMINA, INC.                          | ILLUMINA INC COMMON STOCK                  | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               |  | US        |     22004 | NS      | $2199519.84   | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                   | GILEAD SCIENCES INC COMMON STOCK           | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               |  | US        |      7881 | NS      | $890316.57    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniqure NV                              | UNIQURE NV COMMON STOCK                    | CUSIP: N90064101<br>LEI: 724500RPCTZLFYJZ3S98 | Long             | EC               |  | US        |     27163 | NS      | $443571.79    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY            | BRISTOL-MYERS SQUIBB CO COMMON STOCK       | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               |  | US        |     17273 | NS      | $814940.14    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| BNYREPOS                                | BNYREPOS                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               |  | US        |   2678902 | PA      | $2678902.00   | 5.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcturus Therapeutics Holdings Inc      | ARCTURUS THERAPEUTICS HOLDIN COMMON STOCK  | CUSIP: 03969T109<br>LEI: N/A                  | Long             | EC               |  | US        |     13353 | NS      | $227134.53    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CRISPR Therapeutics AG                  | CRISPR THERAPEUTICS AG COMMON STOCK        | CUSIP: H17182108<br>LEI: 506700O6IRRIQLT3W370 | Long             | EC               |  | US        |     43537 | NS      | $2256522.71   | 4.90%             |  |  |  | No            |                  1 | On Loan: —       |
| MYRIAD GENETICS, INC.                   | MYRIAD GENETICS INC COMMON STOCK           | CUSIP: 62855J104<br>LEI: 52990044IHUOUMETT163 | Long             | EC               |  | US        |     48310 | NS      | $307734.70    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Allogene Therapeutics Inc               | ALLOGENE THERAPEUTICS INC COMMON STOCK     | CUSIP: 019770106<br>LEI: N/A                  | Long             | EC               |  | US        |     77364 | NS      | $87421.32     | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| BIOMARIN PHARMACEUTICAL INC.            | BIOMARIN PHARMACEUTICAL INC COMMON STOCK   | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               |  | US        |     27082 | NS      | $1578068.14   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CureVac N.V.                            | CUREVAC NV COMMON STOCK                    | CUSIP: N2451R105<br>LEI: 724500BUT8GAG9LMYN56 | Long             | EC               |  | US        |     51519 | NS      | $276657.03    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidity Biosciences Inc                 | AVIDITY BIOSCIENCES INC COMMON STOCK       | CUSIP: 05370A108<br>LEI: N/A                  | Long             | EC               |  | US        |     54690 | NS      | $2547460.20   | 5.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Praxis Precision Medicines Inc          | PRAXIS PRECISION MEDICINES I COMMON STOCK  | CUSIP: 74006W207<br>LEI: N/A                  | Long             | EC               |  | US        |     10339 | NS      | $470838.06    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GUARDANT HEALTH, INC.                   | GUARDANT HEALTH INC COMMON STOCK           | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               |  | US        |     36761 | NS      | $2478426.62   | 5.38%             |  |  |  | No            |                  1 | On Loan: No      |
| 10X Genomics Inc                        | 10X GENOMICS INC-CLASS A COMMON STOCK      | CUSIP: 88025U109<br>LEI: 5493003Z6741WNLG7H43 | Long             | EC               |  | US        |     55946 | NS      | $783803.46    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| SAREPTA THERAPEUTICS, INC.              | SAREPTA THERAPEUTICS INC COMMON STOCK      | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               |  | US        |     28168 | NS      | $512657.60    | 1.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Ultragenyx Pharmaceutical Inc           | ULTRAGENYX PHARMACEUTICAL IN COMMON STOCK  | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               |  | US        |     44956 | NS      | $1346881.76   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET PHARMACEUTICALS, INC.            | ROCKET PHARMACEUTICALS INC COMMON STOCK    | CUSIP: 77313F106<br>LEI: 549300R7VV82YUIN4Y93 | Long             | EC               |  | US        |     54108 | NS      | $177474.24    | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-08-31

**Name of Applicant:** GLOBAL X FUNDS

**Signature:** Joe Costello

**Name of Signer:** Joe Costello

**Title:** CCO