Global X Management Company LLC
605 Third Avenue, 43rd floor
New York, NY 10158
|
Eric S. Purple, Esq.
Stradley Ronon Stevens & Young, LLP
2000 K Street, N.W., Suite 700
Washington, DC 20006-1871
|
Global X Alternative Income ETF (ticker: ALTY)
|
Global X S&P 500® Quality Dividend ETF (ticker: QDIV)
|
Global X U.S. Preferred ETF (ticker: PFFD)
|
Global X Variable Rate Preferred ETF (ticker: PFFV)
|
Global X MLP ETF (ticker: MLPA)
|
Global X MLP & Energy Infrastructure ETF (ticker: MLPX)
|
Global X Conscious Companies ETF (ticker: KRMA)
|
Global X Adaptive U.S. Factor ETF (ticker: AUSF)
|
Global X Adaptive U.S. Risk Management ETF (ticker: ONOF)
|
Global X Founder-Run Companies ETF (ticker: BOSS)
|
Table of Contents
|
Schedules of Investments
|
|
Global X Alternative Income ETF
|
1
|
Global X S&P 500® Quality Dividend ETF
|
4
|
Global X U.S. Preferred ETF
|
8
|
Global X Variable Rate Preferred ETF
|
21
|
Global X MLP ETF
|
28
|
Global X MLP & Energy Infrastructure ETF
|
30
|
Global X Conscious Companies ETF
|
33
|
Global X Adaptive U.S. Factor ETF
|
41
|
Global X Adaptive U.S. Risk Management ETF
|
48
|
Global X Founder-Run Companies ETF
|
66
|
Statements of Assets and Liabilities
|
71
|
Statements of Operations
|
74
|
Statements of Changes in Net Assets
|
77
|
Financial Highlights
|
83
|
Notes to Financial Statements
|
91
|
Disclosure of Fund Expenses
|
112
|
Liquidity Risk Management Program
|
114
|
Supplemental Information
|
115
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Alternative Income ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — 10.9%
|
||||||||
Utilities — 10.9%
|
||||||||
Consolidated Edison
|
5,280
|
$
|
524,093
|
|||||
Dominion Energy
|
5,884
|
495,550
|
||||||
Duke Energy
|
4,409
|
496,101
|
||||||
Edison International
|
7,011
|
490,139
|
||||||
Entergy
|
4,212
|
506,788
|
||||||
OGE Energy
|
12,057
|
497,954
|
||||||
PPL
|
17,215
|
519,549
|
||||||
Southern
|
6,788
|
513,580
|
||||||
TOTAL COMMON STOCK
|
||||||||
(Cost $3,331,210)
|
4,043,754
|
|||||||
EXCHANGE TRADED FUNDS — 79.4%
|
||||||||
Global X Emerging Markets Bond ETF (A)
|
331,332
|
7,489,760
|
||||||
Global X Nasdaq 100 Covered Call ETF (A) (B)
|
379,159
|
6,836,237
|
||||||
Global X SuperDividend® REIT ETF (A) (B)
|
865,048
|
7,499,966
|
||||||
Global X U.S. Preferred ETF (A)
|
338,320
|
7,527,620
|
||||||
TOTAL EXCHANGE TRADED FUNDS
|
||||||||
(Cost $35,024,097)
|
29,353,583
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Alternative Income ETF
|
Shares/Face Amount
|
Value
|
|||||||
MASTER LIMITED PARTNERSHIPS — 9.6%
|
||||||||
Energy — 6.9%
|
||||||||
Enterprise Products Partners
|
19,048
|
$
|
522,296
|
|||||
Holly Energy Partners
|
27,795
|
528,105
|
||||||
Magellan Midstream Partners
|
10,018
|
517,931
|
||||||
MPLX
|
14,818
|
488,253
|
||||||
Sunoco
|
12,181
|
502,344
|
||||||
2,558,929
|
||||||||
Industrials — 1.3%
|
||||||||
Icahn Enterprises
|
9,463
|
485,925
|
||||||
Utilities — 1.4%
|
||||||||
Suburban Propane Partners
|
30,539
|
520,690
|
||||||
TOTAL MASTER LIMITED PARTNERSHIPS
|
||||||||
(Cost $2,241,495)
|
3,565,544
|
|||||||
SHORT-TERM INVESTMENT(C)(D) — 7.7%
|
||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600%
|
||||||||
(Cost $2,839,036)
|
2,839,036
|
2,839,036
|
||||||
REPURCHASE AGREEMENT(C) — 7.1%
|
||||||||
BNP Paribas
|
||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $2,637,309 (collateralized by various U.S. Treasury Obligations, ranging in par value $46,200 - $310,763, 0.250% -
2.750%, 09/30/2025 - 02/15/2028, with a total market value of $2,670,325)
|
||||||||
(Cost $2,637,254)
|
$
|
2,637,254
|
2,637,254
|
|||||
TOTAL INVESTMENTS — 114.7%
|
||||||||
(Cost $46,073,092)
|
$
|
42,439,171
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Alternative Income ETF
|
(A)
|
Affiliated investment.
|
(B)
|
This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $5,337,063.
|
(C)
|
Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $5,476,290.
|
(D)
|
The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022.
|
Investments in Securities
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Common Stock
|
$
|
4,043,754
|
$
|
—
|
$
|
—
|
$
|
4,043,754
|
||||||||
Exchange Traded Funds
|
29,353,583
|
—
|
—
|
29,353,583
|
||||||||||||
Master Limited Partnerships
|
3,565,544
|
—
|
—
|
3,565,544
|
||||||||||||
Short-Term Investment
|
2,839,036
|
—
|
—
|
2,839,036
|
||||||||||||
Repurchase Agreement
|
—
|
2,637,254
|
—
|
2,637,254
|
||||||||||||
Total Investments in Securities
|
$
|
39,801,917
|
$
|
2,637,254
|
$
|
—
|
$
|
42,439,171
|
Value at
11/30/2021
|
Purchases at
Cost
|
Proceeds from
Sales
|
Changes in Unrealized (Depreciation)
|
Realized
Gain (Loss)
|
Value at
5/31/2022 |
Shares
|
Dividend
Income
|
Capital Gains
|
|||||||||||||||||||
Global X Emerging Markets Bond ETF
|
$
|
7,042,394
|
$
|
1,884,121
|
$
|
(465,778
|
)
|
$
|
(954,347
|
)
|
$
|
(16,630
|
)
|
$
|
7,489,760
|
331,332
|
$
|
206,192
|
$
|
3,307
|
|||||||
Global X Nasdaq 100 Covered Call ETF
|
$
|
7,381,232
|
$
|
1,533,650
|
$
|
(484,074
|
)
|
$
|
(1,597,828
|
)
|
$
|
3,257
|
$
|
6,836,237
|
379,159
|
$
|
524,837
|
—
|
|||||||||
Global X SuperDividend® REIT ETF
|
$
|
6,944,625
|
$
|
1,424,929
|
$
|
(484,364
|
)
|
$
|
(426,257
|
)
|
$
|
41,033
|
$
|
7,499,966
|
865,048
|
$
|
242,362
|
—
|
|||||||||
Global X U.S. Preferred ETF
|
$
|
7,090,553
|
$
|
1,822,670
|
$
|
(466,796
|
)
|
$
|
(904,652
|
)
|
$
|
(14,155
|
)
|
$
|
7,527,620
|
338,320
|
$
|
199,169
|
—
|
||||||||
Totals:
|
$
|
28,458,804
|
$
|
6,665,370
|
$
|
(1,901,012
|
)
|
$
|
(3,883,084
|
)
|
$
|
13,505
|
$
|
29,353,583
|
$
|
1,172,560
|
$
|
3,307
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X S&P 500® Quality Dividend ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — 99.7%
|
||||||||
Communication Services — 2.6%
|
||||||||
Interpublic Group
|
22,131
|
$
|
713,282
|
|||||
Omnicom Group
|
11,735
|
875,548
|
||||||
1,588,830
|
||||||||
Consumer Discretionary — 8.1%
|
||||||||
Best Buy
|
7,904
|
648,602
|
||||||
Garmin
|
6,030
|
636,889
|
||||||
Genuine Parts
|
6,094
|
833,233
|
||||||
Newell Brands
|
36,730
|
787,491
|
||||||
Ralph Lauren, Cl A
|
6,739
|
681,246
|
||||||
Tapestry
|
18,975
|
654,637
|
||||||
Whirlpool
|
3,585
|
660,500
|
||||||
4,902,598
|
||||||||
Consumer Staples — 11.7%
|
||||||||
Coca-Cola
|
14,792
|
937,517
|
||||||
Hershey
|
4,414
|
934,488
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X S&P 500® Quality Dividend ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Consumer Staples — continued
|
||||||||
J M Smucker
|
6,217
|
$
|
779,425
|
|||||
Kraft Heinz
|
24,372
|
921,993
|
||||||
Molson Coors Beverage, Cl B
|
17,763
|
991,886
|
||||||
Mondelez International, Cl A
|
13,378
|
850,306
|
||||||
Procter & Gamble
|
5,352
|
791,454
|
||||||
Tyson Foods, Cl A
|
9,896
|
886,780
|
||||||
7,093,849
|
||||||||
Energy — 16.5%
|
||||||||
Baker Hughes, Cl A
|
32,669
|
1,175,430
|
||||||
Chevron
|
7,006
|
1,223,668
|
||||||
ConocoPhillips
|
11,313
|
1,271,129
|
||||||
Coterra Energy
|
39,778
|
1,365,579
|
||||||
Diamondback Energy
|
7,484
|
1,137,718
|
||||||
EOG Resources
|
9,276
|
1,270,441
|
||||||
Exxon Mobil
|
13,188
|
1,266,048
|
||||||
Marathon Petroleum
|
12,904
|
1,313,498
|
||||||
10,023,511
|
||||||||
Financials — 22.0%
|
||||||||
Bank of America
|
18,411
|
684,889
|
||||||
Cincinnati Financial
|
7,100
|
907,806
|
||||||
Citizens Financial Group
|
17,288
|
715,377
|
||||||
Comerica
|
9,705
|
807,553
|
||||||
Discover Financial Services
|
7,019
|
796,586
|
||||||
Franklin Resources
|
24,088
|
652,303
|
||||||
Huntington Bancshares
|
53,700
|
745,356
|
||||||
Invesco
|
35,433
|
685,274
|
||||||
JPMorgan Chase
|
5,163
|
682,704
|
||||||
M&T Bank
|
5,474
|
985,156
|
||||||
Northern Trust
|
6,933
|
774,763
|
||||||
PNC Financial Services Group
|
4,094
|
718,129
|
||||||
Regions Financial
|
36,901
|
815,143
|
||||||
Synchrony Financial
|
17,111
|
633,791
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X S&P 500® Quality Dividend ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Financials — continued
|
||||||||
T Rowe Price Group
|
4,221
|
$
|
536,447
|
|||||
Truist Financial
|
13,823
|
687,556
|
||||||
US Bancorp
|
14,199
|
753,541
|
||||||
Zions Bancorp
|
12,964
|
739,467
|
||||||
13,321,841
|
||||||||
Health Care — 4.7%
|
||||||||
Cardinal Health
|
17,159
|
966,395
|
||||||
Cigna
|
3,867
|
1,037,478
|
||||||
Pfizer
|
15,530
|
823,711
|
||||||
2,827,584
|
||||||||
Industrials — 15.8%
|
||||||||
3M
|
4,647
|
693,751
|
||||||
CH Robinson Worldwide
|
7,863
|
853,214
|
||||||
Cummins
|
3,768
|
787,964
|
||||||
Eaton PLC
|
4,827
|
669,022
|
||||||
Fastenal
|
12,782
|
684,604
|
||||||
General Dynamics
|
4,024
|
905,038
|
||||||
Honeywell International
|
3,926
|
760,152
|
||||||
Illinois Tool Works
|
3,405
|
708,478
|
||||||
L3Harris Technologies
|
3,813
|
918,552
|
||||||
Lockheed Martin
|
2,386
|
1,050,102
|
||||||
Snap-On
|
3,770
|
836,488
|
||||||
United Parcel Service, Cl B
|
3,935
|
717,154
|
||||||
9,584,519
|
||||||||
Information Technology — 4.8%
|
||||||||
Cisco Systems
|
13,842
|
623,582
|
||||||
Intel
|
16,375
|
727,377
|
||||||
Paychex
|
6,620
|
819,755
|
||||||
Texas Instruments
|
4,216
|
745,220
|
||||||
2,915,934
|
||||||||
Materials — 8.1%
|
||||||||
Dow
|
14,991
|
1,019,088
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X S&P 500® Quality Dividend ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Materials — continued
|
||||||||
International Paper
|
17,865
|
$
|
865,559
|
|||||
LyondellBasell Industries, Cl A
|
9,140
|
1,044,245
|
||||||
Newmont
|
14,808
|
1,004,723
|
||||||
Packaging Corp of America
|
6,427
|
1,010,839
|
||||||
4,944,454
|
||||||||
Real Estate — 3.8%
|
||||||||
Equity Residential ‡
|
9,547
|
733,496
|
||||||
Public Storage ‡
|
2,374
|
784,939
|
||||||
Regency Centers ‡
|
11,176
|
762,315
|
||||||
2,280,750
|
||||||||
Utilities — 1.6%
|
||||||||
NRG Energy
|
21,099
|
971,398
|
||||||
TOTAL COMMON STOCK
|
||||||||
(Cost $60,210,297)
|
60,455,268
|
|||||||
TOTAL INVESTMENTS — 99.7%
|
||||||||
(Cost $60,210,297)
|
$
|
60,455,268
|
‡
|
Real Estate Investment Trust
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X U.S. Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — 99.7%
|
||||||||
BERMUDA— 1.4%
|
||||||||
Financials — 1.2%
|
||||||||
Aspen Insurance Holdings, 5.950%, ICE LIBOR USD 3 Month + 4.060% (A)
|
153,923
|
$
|
3,846,536
|
|||||
Aspen Insurance Holdings, 5.625%
|
156,311
|
3,837,435
|
||||||
Aspen Insurance Holdings, 5.625%
|
156,593
|
3,772,325
|
||||||
PartnerRe, 4.875% (B)
|
112,961
|
2,484,012
|
||||||
RenaissanceRe Holdings, 5.750%
|
147,027
|
3,588,929
|
||||||
RenaissanceRe Holdings, 4.200%
|
281,074
|
5,247,652
|
||||||
SiriusPoint, 8.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 7.298% (A)
|
120,996
|
3,176,145
|
||||||
25,953,034
|
||||||||
Industrials — 0.2%
|
||||||||
Triton International, 6.875%
|
98,149
|
2,551,874
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X U.S. Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Industrials — continued
|
||||||||
Triton International, 5.750%
|
93,511
|
$
|
2,166,650
|
|||||
4,718,524
|
||||||||
TOTAL BERMUDA
|
30,671,558
|
|||||||
CANADA— 1.3%
|
||||||||
Financials — 0.3%
|
||||||||
Brookfield Finance, 4.625%
|
237,628
|
4,619,488
|
||||||
Brookfield Finance I UK, 4.500%
|
126,665
|
2,442,101
|
||||||
7,061,589
|
||||||||
Utilities — 1.0%
|
||||||||
Algonquin Power & Utilities, 6.875%, ICE LIBOR USD 3 Month + 3.677% (A)
|
177,193
|
4,592,843
|
||||||
Algonquin Power & Utilities, 6.200%, ICE LIBOR USD 3 Month + 4.010% (A)
|
194,644
|
5,010,137
|
||||||
Brookfield BRP Holdings Canada, 4.875%
|
164,497
|
3,350,804
|
||||||
Brookfield BRP Holdings Canada, 4.625%
|
208,643
|
3,974,649
|
||||||
Brookfield Infrastructure Finance ULC, 5.000%
|
150,645
|
3,085,210
|
||||||
Brookfield Infrastructure Partners, 5.000%
|
112,874
|
2,201,043
|
||||||
22,214,686
|
||||||||
TOTAL CANADA
|
29,276,275
|
|||||||
NETHERLANDS— 0.6%
|
||||||||
Financials — 0.6%
|
||||||||
Aegon, 5.100%
|
546,924
|
12,639,414
|
||||||
TOTAL NETHERLANDS
|
12,639,414
|
|||||||
UNITED STATES— 96.4%
|
||||||||
Communication Services — 6.1%
|
||||||||
AT&T, 5.625%
|
467,655
|
11,995,351
|
||||||
AT&T, 5.350%
|
765,055
|
19,202,880
|
||||||
AT&T, 5.000%
|
686,646
|
14,893,352
|
||||||
AT&T, 4.750%
|
1,025,138
|
20,953,821
|
||||||
Paramount Global, 5.750%
|
147,270
|
7,487,207
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X U.S. Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Communication Services — continued
|
||||||||
Qwest, 6.750%
|
388,231
|
$
|
9,496,130
|
|||||
Qwest, 6.500%
|
554,661
|
13,444,983
|
||||||
Telephone and Data Systems, 6.625%
|
244,582
|
5,808,823
|
||||||
Telephone and Data Systems, 6.000%
|
391,576
|
8,277,917
|
||||||
United States Cellular, 6.250%
|
291,143
|
6,623,503
|
||||||
United States Cellular, 5.500%
|
291,138
|
6,041,114
|
||||||
United States Cellular, 5.500%
|
295,344
|
6,128,388
|
||||||
130,353,469
|
||||||||
Consumer Discretionary — 3.3%
|
||||||||
Aptiv, 5.500%
|
168,493
|
20,775,187
|
||||||
Brunswick, 6.375%
|
128,788
|
3,375,533
|
||||||
Ford Motor, 6.200%
|
424,561
|
10,877,253
|
||||||
Ford Motor, 6.000%
|
473,653
|
11,898,163
|
||||||
Qurate Retail, 8.000%
|
182,457
|
12,370,585
|
||||||
QVC, 6.375%
|
124,153
|
2,913,871
|
||||||
QVC, 6.250%
|
291,283
|
6,501,437
|
||||||
68,712,029
|
||||||||
Energy — 1.4%
|
||||||||
DCP Midstream, 7.950%, ICE LIBOR USD 3 Month + 4.882% (A)
|
69,557
|
1,725,709
|
||||||
DCP Midstream, 7.875%, ICE LIBOR USD 3 Month + 4.919% (A)
|
91,769
|
2,240,999
|
||||||
Energy Transfer, 7.625%, ICE LIBOR USD 3 Month + 4.738% (A)
|
259,098
|
6,091,394
|
||||||
Energy Transfer, 7.600%, ICE LIBOR USD 3 Month + 5.161% (A)
|
452,860
|
11,009,027
|
||||||
NuStar Energy, 7.651%, ICE LIBOR USD 3 Month + 6.766% (A)
|
122,787
|
2,910,052
|
||||||
NuStar Logistics, 7.778%, ICE LIBOR USD 3 Month + 6.734% (A)
|
234,370
|
5,892,062
|
||||||
29,869,243
|
||||||||
Financials — 62.1%
|
||||||||
Affiliated Managers Group, 5.875% (B)
|
167,428
|
4,227,557
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X U.S. Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Financials — continued
|
||||||||
Affiliated Managers Group, 4.750%
|
160,654
|
$
|
3,389,799
|
|||||
Affiliated Managers Group, 4.200%
|
107,500
|
2,033,900
|
||||||
Allstate, 5.625%
|
338,881
|
8,709,242
|
||||||
Allstate, 5.100% (B)
|
675,169
|
16,318,835
|
||||||
Allstate, 4.750% (B)
|
179,398
|
4,355,783
|
||||||
American Equity Investment Life Holding, 6.625%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 6.297% (A)
|
174,511
|
4,483,188
|
||||||
American Equity Investment Life Holding, 5.950%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.322% (A)
|
232,949
|
5,781,794
|
||||||
American Financial Group, 5.875% (B)
|
83,473
|
2,158,612
|
||||||
American Financial Group, 5.125%
|
127,937
|
2,996,285
|
||||||
American International Group, 5.850%
|
295,244
|
7,578,913
|
||||||
Apollo Asset Management, 6.375%
|
179,476
|
4,610,738
|
||||||
Apollo Asset Management, 6.375%
|
154,061
|
3,811,469
|
||||||
Arch Capital Group, 5.450%
|
183,982
|
4,367,733
|
||||||
Arch Capital Group, 4.550%
|
295,473
|
5,862,184
|
||||||
Argo Group International Holdings, 7.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 6.712% (A)
|
76,175
|
1,920,372
|
||||||
Athene Holding, 6.375%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 5.970% (A)
|
353,201
|
9,147,906
|
||||||
Athene Holding, 6.350%, ICE LIBOR USD 3 Month + 4.253% (A)
|
489,043
|
12,808,036
|
||||||
Athene Holding, 5.625% (B)
|
192,260
|
4,610,395
|
||||||
Athene Holding, 4.875%
|
339,024
|
7,034,748
|
||||||
Axis Capital Holdings, 5.500%
|
324,609
|
7,618,573
|
||||||
Bank of America, 7.250%
|
44,714
|
56,329,803
|
||||||
Bank of America, 6.450%, ICE LIBOR USD 3 Month + 1.327% (A)
|
596,731
|
15,216,640
|
||||||
Bank of America, 6.000%
|
780,661
|
20,078,601
|
||||||
Bank of America, 5.875%
|
484,037
|
12,178,371
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X U.S. Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Financials — continued
|
||||||||
Bank of America, 5.375% (B)
|
819,519
|
$
|
19,119,378
|
|||||
Bank of America, 5.000%
|
769,400
|
17,234,560
|
||||||
Bank of America, 4.375%
|
649,948
|
12,914,467
|
||||||
Bank of America, 4.250%
|
755,798
|
14,927,011
|
||||||
Bank of America, 4.125%
|
536,485
|
10,434,633
|
||||||
Bank of America, 4.000%, ICE LIBOR USD 3 Month + 0.500% (A) (B)
|
245,561
|
4,965,243
|
||||||
Bank of America, 4.000%, ICE LIBOR USD 3 Month + 0.350% (A) (B)
|
190,002
|
3,900,741
|
||||||
Bank of Hawaii, 4.375%
|
109,960
|
2,169,511
|
||||||
Bank OZK, 4.625%
|
216,345
|
4,346,371
|
||||||
Brighthouse Financial, 6.750% (B)
|
234,392
|
5,976,996
|
||||||
Brighthouse Financial, 6.600%
|
247,237
|
6,304,544
|
||||||
Brighthouse Financial, 6.250%
|
208,990
|
5,291,627
|
||||||
Brighthouse Financial, 5.375%
|
326,951
|
7,330,241
|
||||||
Brighthouse Financial, 4.625%
|
217,297
|
4,130,816
|
||||||
Capital One Financial, 5.000% (B)
|
880,161
|
19,002,676
|
||||||
Capital One Financial, 4.800%
|
715,442
|
14,623,634
|
||||||
Capital One Financial, 4.625%
|
59,769
|
1,194,185
|
||||||
Capital One Financial, 4.375%
|
397,306
|
7,409,757
|
||||||
Capital One Financial, 4.250%
|
237,739
|
4,445,719
|
||||||
Carlyle Finance, 4.625%
|
295,615
|
5,915,256
|
||||||
Charles Schwab, 5.950%
|
424,466
|
10,755,968
|
||||||
Charles Schwab, 4.450%
|
353,651
|
7,493,865
|
||||||
Citigroup, Ser J, 7.125%, ICE LIBOR USD 3 Month + 4.040% (A)
|
539,386
|
14,169,670
|
||||||
Citigroup, 6.875%, ICE LIBOR USD 3 Month + 4.130% (A)
|
863,113
|
22,371,889
|
||||||
Citigroup Capital XIII, 7.609%, ICE LIBOR USD 3 Month + 6.370% (A)
|
1,291,748
|
35,070,958
|
||||||
Citizens Financial Group, 6.350%, ICE LIBOR USD 3 Month + 3.642% (A)
|
167,345
|
4,284,032
|
||||||
Citizens Financial Group, 5.000%
|
273,133
|
6,069,015
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X U.S. Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Financials — continued
|
||||||||
Enstar Group, 7.000%, ICE LIBOR USD 3 Month + 4.015% (A)
|
232,960
|
$
|
5,889,229
|
|||||
Equitable Holdings, 5.250%
|
469,551
|
10,616,548
|
||||||
Equitable Holdings, 4.300%
|
167,841
|
3,232,618
|
||||||
Fifth Third Bancorp, 6.625%, ICE LIBOR USD 3 Month + 3.710% (A)
|
262,002
|
6,864,452
|
||||||
Fifth Third Bancorp, 4.950% (B)
|
146,940
|
3,417,824
|
||||||
First Citizens BancShares, 5.625% (B)
|
108,164
|
2,594,854
|
||||||
First Citizens BancShares, 5.375%
|
211,597
|
4,940,790
|
||||||
First Horizon, 4.700%
|
92,450
|
2,020,957
|
||||||
First Republic Bank, 5.500% (B)
|
166,106
|
4,081,224
|
||||||
First Republic Bank, 4.700% (B)
|
229,992
|
4,760,834
|
||||||
First Republic Bank, 4.500%
|
416,861
|
8,253,848
|
||||||
First Republic Bank, 4.250%
|
439,133
|
8,334,744
|
||||||
First Republic Bank, 4.125% (B)
|
291,127
|
5,318,890
|
||||||
First Republic Bank, 4.000%
|
425,579
|
7,749,794
|
||||||
Globe Life, 4.250%
|
194,056
|
3,836,487
|
||||||
Goldman Sachs Group, 6.375%, ICE LIBOR USD 3 Month + 3.550% (A)
|
411,166
|
10,677,981
|
||||||
Goldman Sachs Group, 4.000%, ICE LIBOR USD 3 Month + 0.670% (A)
|
772,967
|
14,755,940
|
||||||
Goldman Sachs Group, 3.750%, ICE LIBOR USD 3 Month + 0.750% (A)
|
431,140
|
8,299,445
|
||||||
Hancock Whitney, 6.250%
|
92,759
|
2,403,386
|
||||||
Hartford Financial Services Group, 6.000%
|
192,067
|
5,026,393
|
||||||
Huntington Bancshares, 4.500%
|
291,129
|
5,947,765
|
||||||
JPMorgan Chase, 6.000% (B)
|
1,062,850
|
27,655,357
|
||||||
JPMorgan Chase, 5.750%
|
978,472
|
24,853,189
|
||||||
JPMorgan Chase, 4.750%
|
533,235
|
11,667,182
|
||||||
JPMorgan Chase, 4.625%
|
1,062,545
|
22,324,070
|
||||||
JPMorgan Chase, 4.550%
|
880,589
|
18,236,998
|
||||||
JPMorgan Chase, 4.200%
|
1,149,160
|
22,879,776
|
||||||
KeyCorp, 6.125%, ICE LIBOR USD 3 Month + 3.892% (A)
|
294,728
|
7,692,401
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X U.S. Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Financials — continued
|
||||||||
KeyCorp, 5.650%
|
247,235
|
$
|
6,141,317
|
|||||
KeyCorp, 5.625% (B)
|
261,997
|
6,652,104
|
||||||
KKR, 6.000%
|
330,436
|
22,813,301
|
||||||
KKR Group Finance IX, 4.625% (B)
|
295,528
|
6,123,340
|
||||||
MetLife, 5.625%
|
456,151
|
11,732,204
|
||||||
MetLife, 4.750% (B)
|
571,042
|
13,333,831
|
||||||
MetLife, 4.000%, ICE LIBOR USD 3 Month + 1.000% (A) (B)
|
353,839
|
7,763,228
|
||||||
Morgan Stanley, Ser E, 7.125%, ICE LIBOR USD 3 Month + 4.320% (A)
|
489,233
|
13,028,275
|
||||||
Morgan Stanley, Ser F, 6.875%, ICE LIBOR USD 3 Month + 3.940% (A)
|
482,041
|
12,706,601
|
||||||
Morgan Stanley, 6.375%, ICE LIBOR USD 3 Month + 3.708% (A)
|
571,474
|
14,921,186
|
||||||
Morgan Stanley, 5.850%, ICE LIBOR USD 3 Month + 3.491% (A)
|
571,715
|
14,750,247
|
||||||
Morgan Stanley, 4.875%
|
291,139
|
6,530,248
|
||||||
Morgan Stanley, 4.250%
|
755,762
|
14,782,705
|
||||||
Morgan Stanley, 4.000%, ICE LIBOR USD 3 Month + 0.700% (A) (B)
|
628,241
|
12,960,612
|
||||||
Navient, 6.000%
|
168,007
|
3,981,766
|
||||||
New York Community Bancorp, 6.375%, ICE LIBOR USD 3 Month + 3.821% (A)
|
303,838
|
7,957,517
|
||||||
New York Community Capital Trust V, 6.000%
|
36,514
|
1,776,041
|
||||||
Northern Trust, 4.700% (B)
|
232,948
|
5,341,498
|
||||||
Oaktree Capital Group, 6.625%
|
96,433
|
2,415,647
|
||||||
Oaktree Capital Group, 6.550%
|
147,224
|
3,736,545
|
||||||
Prospect Capital, 5.350%
|
77,377
|
1,557,599
|
||||||
Prudential Financial, 5.625%
|
332,993
|
8,591,219
|
||||||
Prudential Financial, 4.125% (B)
|
291,134
|
6,227,356
|
||||||
Regions Financial, Ser B, 6.375%, ICE LIBOR USD 3 Month + 3.536% (A)
|
295,067
|
7,636,334
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X U.S. Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Financials — continued
|
||||||||
Regions Financial, 5.700%, ICE LIBOR USD 3 Month + 3.148% (A)
|
295,084
|
$
|
7,149,885
|
|||||
Regions Financial, 4.450%
|
237,663
|
4,558,376
|
||||||
Reinsurance Group of America, 5.750%, ICE LIBOR USD 3 Month + 4.040% (A)
|
232,956
|
6,070,833
|
||||||
Signature Bank NY, 5.000%
|
428,821
|
8,910,900
|
||||||
Silvergate Capital, 5.375%
|
107,593
|
2,091,608
|
||||||
State Street, 5.900%, ICE LIBOR USD 3 Month + 3.108% (A)
|
445,203
|
11,032,130
|
||||||
State Street, 5.350%, ICE LIBOR USD 3 Month + 3.709% (A)
|
294,909
|
7,499,536
|
||||||
Stifel Financial, 6.125%
|
135,601
|
3,394,093
|
||||||
Stifel Financial, 4.500%
|
165,683
|
3,353,424
|
||||||
SVB Financial Group, 5.250%
|
202,121
|
4,782,183
|
||||||
Synchrony Financial, 5.625%
|
440,666
|
9,333,306
|
||||||
Synovus Financial, 5.875%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.127% (A)
|
202,023
|
5,147,546
|
||||||
Texas Capital Bancshares, 5.750%
|
167,442
|
3,849,492
|
||||||
Truist Financial, 5.250% (B)
|
338,634
|
7,876,627
|
||||||
Truist Financial, 4.750%
|
548,292
|
11,437,371
|
||||||
Unum Group, 6.250%
|
185,014
|
4,558,745
|
||||||
US Bancorp, 5.500%
|
338,815
|
8,555,079
|
||||||
US Bancorp, 4.000%
|
440,964
|
8,409,183
|
||||||
US Bancorp, 3.750%
|
277,397
|
5,051,399
|
||||||
US Bancorp, 3.500%, ICE LIBOR USD 3 Month + 0.600% (A) (B)
|
566,492
|
11,579,096
|
||||||
Voya Financial, 5.350%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.210% (A)
|
167,487
|
4,041,461
|
||||||
W R Berkley, 5.700%
|
99,503
|
2,517,426
|
||||||
W R Berkley, 5.100%
|
167,783
|
3,892,566
|
||||||
W R Berkley, 4.250%
|
150,427
|
2,987,480
|
||||||
Washington Federal, 4.875% (B)
|
167,582
|
3,567,821
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X U.S. Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Financials — continued
|
||||||||
Wells Fargo, 7.500%
|
57,545
|
$
|
72,909,515
|
|||||
Wells Fargo, 6.625%, ICE LIBOR USD 3 Month + 3.690% (A)
|
476,316
|
12,303,242
|
||||||
Wells Fargo, 5.850%, ICE LIBOR USD 3 Month + 3.090% (A)
|
995,031
|
23,582,235
|
||||||
Wells Fargo, 5.625% (B)
|
405,924
|
9,932,960
|
||||||
Wells Fargo, 4.750%
|
1,161,612
|
24,080,217
|
||||||
Wells Fargo, 4.700%
|
669,044
|
13,675,259
|
||||||
Wells Fargo, 4.375%
|
599,414
|
11,412,843
|
||||||
Wells Fargo, 4.250%
|
715,070
|
13,321,754
|
||||||
Western Alliance Bancorp, 4.250%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.452% (A)
|
165,872
|
3,798,469
|
||||||
Wintrust Financial, 6.875%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 6.507% (A)
|
176,922
|
4,757,433
|
||||||
1,318,697,430
|
||||||||
Health Care — 3.5%
|
||||||||
Becton Dickinson, 6.000%
|
433,068
|
22,376,624
|
||||||
Boston Scientific, 5.500%
|
143,006
|
15,709,209
|
||||||
Danaher, 5.000% (B)
|
24,664
|
35,234,004
|
||||||
73,319,837
|
||||||||
Industrials — 1.3%
|
||||||||
Air Lease, 6.150%, ICE LIBOR USD 3 Month + 3.650% (A)
|
156,753
|
3,699,371
|
||||||
Fortress Transportation and Infrastructure Investors, 8.250%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 7.378% (A)
|
52,942
|
1,371,198
|
||||||
Pitney Bowes, 6.700%
|
247,223
|
5,369,684
|
||||||
RBC Bearings, 5.000%
|
64,565
|
6,295,088
|
||||||
WESCO International, 10.625%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 10.325% (A)
|
318,215
|
8,932,295
|
||||||
25,667,636
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X U.S. Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Information Technology — 0.6%
|
||||||||
II-VI, 6.000%
|
34,344
|
$
|
8,919,824
|
|||||
Sabre, 6.500%
|
46,535
|
4,645,589
|
||||||
13,565,413
|
||||||||
Real Estate — 5.8%
|
||||||||
Agree Realty, 4.250% ‡
|
92,426
|
1,712,654
|
||||||
Braemar Hotels & Resorts, 5.500% ‡
|
54,690
|
1,024,070
|
||||||
Brookfield Property Partners, 5.750%
|
181,047
|
3,548,521
|
||||||
Brookfield Property Preferred, 6.250%
|
380,555
|
8,079,183
|
||||||
Digital Realty Trust, 5.850% ‡ (B)
|
127,043
|
3,333,608
|
||||||
Digital Realty Trust, 5.200% ‡ (B)
|
205,286
|
5,082,881
|
||||||
Diversified Healthcare Trust, 6.250% ‡
|
145,583
|
2,996,098
|
||||||
Diversified Healthcare Trust, 5.625% ‡
|
195,272
|
3,807,804
|
||||||
EPR Properties, 5.750% ‡
|
75,243
|
1,664,375
|
||||||
EPR Properties, 5.750% ‡
|
83,751
|
2,072,000
|
||||||
Hudson Pacific Properties, 4.750% ‡
|
255,395
|
4,995,526
|
||||||
Kimco Realty, 5.250% ‡
|
154,714
|
3,840,001
|
||||||
Kimco Realty, 5.125% ‡
|
141,801
|
3,512,411
|
||||||
PS Business Parks, 4.875% ‡
|
193,646
|
3,925,204
|
||||||
Public Storage, 5.600% ‡
|
170,566
|
4,491,003
|
||||||
Public Storage, 5.150% ‡
|
156,550
|
3,918,447
|
||||||
Public Storage, 5.050% ‡ (B)
|
174,845
|
4,351,892
|
||||||
Public Storage, 4.875% ‡
|
183,377
|
4,353,370
|
||||||
Public Storage, 4.750% ‡
|
145,070
|
3,459,920
|
||||||
Public Storage, 4.700% ‡
|
141,796
|
3,247,128
|
||||||
Public Storage, 4.625% ‡
|
332,954
|
7,534,749
|
||||||
Public Storage, 4.125% ‡
|
147,090
|
3,021,229
|
||||||
Public Storage, 4.000% ‡
|
266,452
|
5,134,530
|
||||||
Public Storage, 4.000% ‡
|
356,124
|
6,855,387
|
||||||
Public Storage, 3.950% ‡
|
74,769
|
1,424,349
|
||||||
Public Storage, 3.900% ‡
|
95,877
|
1,812,075
|
||||||
Public Storage, 3.875% ‡ (B)
|
150,988
|
2,897,460
|
||||||
RLJ Lodging Trust, 1.950% ‡
|
187,532
|
5,050,237
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X U.S. Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Real Estate — continued
|
||||||||
Vornado Realty Trust, 5.400% ‡
|
174,985
|
$
|
3,942,412
|
|||||
Vornado Realty Trust, 5.250% ‡
|
185,483
|
3,954,498
|
||||||
Vornado Realty Trust, 5.250% ‡
|
167,770
|
3,600,344
|
||||||
Vornado Realty Trust, 4.450% ‡
|
165,381
|
3,104,201
|
||||||
121,747,567
|
||||||||
Utilities — 12.3%
|
||||||||
AES, 6.875%
|
147,928
|
13,254,349
|
||||||
Alabama Power, 5.000%
|
140,360
|
3,507,596
|
||||||
American Electric Power, 6.125%
|
241,286
|
13,724,348
|
||||||
CMS Energy, 5.875%
|
163,075
|
4,179,612
|
||||||
CMS Energy, 5.875%
|
370,627
|
9,425,045
|
||||||
CMS Energy, 4.200%
|
139,030
|
2,690,231
|
||||||
DTE Energy, 5.250%
|
232,940
|
5,700,042
|
||||||
DTE Energy, 4.375%
|
126,394
|
2,565,798
|
||||||
DTE Energy, 4.375%
|
176,386
|
3,503,026
|
||||||
Duke Energy, 5.750%
|
571,209
|
14,811,449
|
||||||
Duke Energy, 5.625%
|
291,144
|
7,505,692
|
||||||
Entergy Arkansas, 4.875%
|
229,122
|
5,473,725
|
||||||
Entergy Louisiana, 4.875%
|
167,978
|
4,081,865
|
||||||
Georgia Power, 5.000% (B)
|
158,081
|
3,974,156
|
||||||
National Rural Utilities Cooperative Finance, 5.500%
|
140,286
|
3,518,373
|
||||||
NextEra Energy, 6.219%
|
576,198
|
28,262,512
|
||||||
NextEra Energy Capital Holdings, 5.650%
|
404,131
|
10,382,125
|
||||||
NiSource, 7.750%
|
122,487
|
14,583,302
|
||||||
NiSource, 6.500%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.632% (A)
|
291,148
|
7,552,379
|
||||||
PG&E, 5.500%
|
230,486
|
26,333,026
|
||||||
SCE Trust II, 5.100%
|
125,054
|
2,636,138
|
||||||
SCE Trust III, 5.750%, ICE LIBOR USD 3 Month + 2.990% (A)
|
160,824
|
3,747,199
|
||||||
SCE Trust IV, 5.375%, ICE LIBOR USD 3 Month + 3.132% (A)
|
181,711
|
3,948,580
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X U.S. Preferred ETF
|
Shares/Face Amount
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Utilities — continued
|
||||||||
SCE Trust V, 5.450%, ICE LIBOR USD 3 Month + 3.790% (A)
|
185,637
|
$
|
4,455,288
|
|||||
SCE Trust VI, 5.000%
|
263,171
|
5,418,691
|
||||||
Sempra Energy, 5.750%
|
449,380
|
11,256,969
|
||||||
South Jersey Industries, 8.750%
|
93,831
|
6,568,170
|
||||||
Southern, 5.250% (B)
|
261,989
|
6,387,292
|
||||||
Southern, 4.950%
|
571,163
|
13,045,363
|
||||||
Southern, 4.200%
|
440,849
|
8,684,725
|
||||||
Spire, 5.900%
|
140,181
|
3,525,552
|
||||||
UGI, 7.250%
|
33,260
|
3,344,293
|
||||||
258,046,911
|
||||||||
TOTAL UNITED STATES
|
2,039,979,535
|
|||||||
TOTAL PREFERRED STOCK
|
||||||||
(Cost $2,403,612,149)
|
2,112,566,782
|
|||||||
SHORT-TERM INVESTMENT(C)(D) — 1.8%
|
||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600%
|
||||||||
(Cost $38,886,092)
|
38,886,092
|
38,886,092
|
||||||
REPURCHASE AGREEMENT(C) — 1.7%
|
||||||||
BNP Paribas
|
||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $36,123,047 (collateralized by various U.S. Treasury Obligations, ranging in par value $632,798 - $4,256,508, 0.250%
- 2.750%, 09/30/2025 - 02/15/2028, with a total market value of $36,575,301)
|
||||||||
(Cost $36,122,304)
|
$
|
36,122,304
|
36,122,304
|
|||||
TOTAL INVESTMENTS — 103.2%
|
||||||||
(Cost $2,478,620,545)
|
$
|
2,187,575,178
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X U.S. Preferred ETF
|
‡
|
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; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
|
(B)
|
This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $73,472,443.
|
(C)
|
Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $75,008,396.
|
(D)
|
The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022.
|
Investments in Securities
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Preferred Stock
|
$
|
2,112,566,782
|
$
|
—
|
$
|
—
|
$
|
2,112,566,782
|
||||||||
Short-Term Investment
|
38,886,092
|
—
|
—
|
38,886,092
|
||||||||||||
Repurchase Agreement
|
—
|
36,122,304
|
—
|
36,122,304
|
||||||||||||
Total Investments in Securities
|
$
|
2,151,452,874
|
$
|
36,122,304
|
$
|
—
|
$
|
2,187,575,178
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Variable Rate Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — 99.5%
|
||||||||
BERMUDA— 1.4%
|
||||||||
Financials — 1.4%
|
||||||||
Aspen Insurance Holdings, 5.950%, ICE LIBOR USD 3 Month + 4.060% (A)
|
55,390
|
$
|
1,384,196
|
|||||
SiriusPoint, 8.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 7.298% (A)
|
40,332
|
1,058,715
|
||||||
TOTAL BERMUDA
|
2,442,911
|
|||||||
CANADA— 2.0%
|
||||||||
Utilities — 2.0%
|
||||||||
Algonquin Power & Utilities, 6.875%, ICE LIBOR USD 3 Month + 3.677% (A)
|
57,894
|
1,500,612
|
||||||
Algonquin Power & Utilities, 6.200%, ICE LIBOR USD 3 Month + 4.010% (A)
|
70,446
|
1,813,280
|
||||||
TOTAL CANADA
|
3,313,892
|
|||||||
CHINA— 0.5%
|
||||||||
Industrials — 0.5%
|
||||||||
Textainer Group Holdings, 7.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 6.134% (A)
|
30,299
|
784,138
|
||||||
TOTAL CHINA
|
784,138
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Variable Rate Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
UNITED STATES— 95.6%
|
||||||||
Consumer Staples — 2.8%
|
||||||||
CHS, Ser 2, 7.100%, ICE LIBOR USD 3 Month + 4.298% (A)
|
84,488
|
$
|
2,217,810
|
|||||
CHS, Ser 3, 6.750%, ICE LIBOR USD 3 Month + 4.155% (A)
|
99,046
|
2,605,900
|
||||||
4,823,710
|
||||||||
Energy — 5.6%
|
||||||||
DCP Midstream, 7.950%, ICE LIBOR USD 3 Month + 4.882% (A)
|
21,318
|
528,900
|
||||||
Energy Transfer, 7.625%, ICE LIBOR USD 3 Month + 4.738% (A)
|
89,536
|
2,104,991
|
||||||
Energy Transfer, 7.600%, ICE LIBOR USD 3 Month + 5.161% (A)
|
160,786
|
3,908,708
|
||||||
NuStar Energy, 7.651%, ICE LIBOR USD 3 Month + 6.766% (A)
|
45,674
|
1,082,474
|
||||||
NuStar Logistics, 7.778%, ICE LIBOR USD 3 Month + 6.734% (A)
|
80,989
|
2,036,063
|
||||||
9,661,136
|
||||||||
Financials — 82.9%
|
||||||||
ACRES Commercial Realty, 8.625%, ICE LIBOR USD 3 Month + 5.927% ‡,(A)
|
23,330
|
557,587
|
||||||
AGNC Investment, 6.875%, ICE LIBOR USD 3 Month + 4.332% ‡,(A)
|
47,381
|
1,124,825
|
||||||
AGNC Investment, 6.500%, ICE LIBOR USD 3 Month + 4.993% ‡,(A)
|
81,005
|
1,907,668
|
||||||
AGNC Investment, 6.125%, ICE LIBOR USD 3 Month + 4.697% ‡,(A)
|
115,637
|
2,590,269
|
||||||
American Equity Investment Life Holding, 6.625%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 6.297% (A)
|
60,409
|
1,551,907
|
||||||
American Equity Investment Life Holding, 5.950%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.322% (A)
|
80,488
|
1,997,712
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Variable Rate Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Financials — continued
|
||||||||
Annaly Capital Management, 6.750%, ICE LIBOR USD 3 Month + 4.989% ‡,(A)
|
89,023
|
$
|
2,150,796
|
|||||
Arbor Realty Trust, 6.250%, U.S. SOFR + 5.440% ‡,(A)
|
56,183
|
1,215,238
|
||||||
Argo Group International Holdings, 7.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 6.712% (A)
|
30,303
|
763,939
|
||||||
Athene Holding, 6.375%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 5.970% (A)
|
120,627
|
3,124,239
|
||||||
Athene Holding, 6.350%, ICE LIBOR USD 3 Month + 4.253% (A)
|
173,311
|
4,539,015
|
||||||
Bank of America, 6.450%, ICE LIBOR USD 3 Month + 1.327% (A)
|
202,391
|
5,160,971
|
||||||
Bank of America, 4.000%, ICE LIBOR USD 3 Month + 0.350% (A)
|
61,331
|
1,259,125
|
||||||
Bank of America, 4.000%, ICE LIBOR USD 3 Month + 0.500% (A)
|
81,439
|
1,646,697
|
||||||
Chimera Investment, 8.000%, ICE LIBOR USD 3 Month + 5.379% ‡,(A)
|
40,361
|
927,496
|
||||||
Chimera Investment, 8.000%, ICE LIBOR USD 3 Month + 5.791% ‡,(A)
|
65,444
|
1,541,861
|
||||||
Chimera Investment, 7.750%, ICE LIBOR USD 3 Month + 4.743% ‡,(A)
|
52,414
|
1,152,584
|
||||||
Citigroup, Ser J, 7.125%, ICE LIBOR USD 3 Month + 4.040% (A)
|
190,335
|
5,000,100
|
||||||
Citigroup, 6.875%, ICE LIBOR USD 3 Month + 4.130% (A)
|
299,424
|
7,761,070
|
||||||
Citizens Financial Group, 6.350%, ICE LIBOR USD 3 Month + 3.642% (A)
|
60,408
|
1,546,445
|
||||||
Enstar Group, 7.000%, ICE LIBOR USD 3 Month + 4.015% (A)
|
80,482
|
2,034,585
|
||||||
Fifth Third Bancorp, 6.625%, ICE LIBOR USD 3 Month + 3.710% (A)
|
90,513
|
2,371,441
|
||||||
Goldman Sachs Group, 6.375%, ICE LIBOR USD 3 Month + 3.550% (A)
|
140,297
|
3,643,513
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Variable Rate Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Financials — continued
|
||||||||
Goldman Sachs Group, 4.000%, ICE LIBOR USD 3 Month + 0.670% (A)
|
270,463
|
$
|
5,163,139
|
|||||
Goldman Sachs Group, 3.750%, ICE LIBOR USD 3 Month + 0.750% (A)
|
150,371
|
2,894,642
|
||||||
Granite Point Mortgage Trust, 7.000%, U.S. SOFR + 5.830% ‡,(A)
|
39,346
|
882,924
|
||||||
Invesco Mortgage Capital, 7.500%, ICE LIBOR USD 3 Month + 5.289% ‡,(A)
|
57,931
|
1,316,192
|
||||||
KeyCorp, 6.125%, ICE LIBOR USD 3 Month + 3.892% (A)
|
100,551
|
2,624,381
|
||||||
MetLife, 4.000%, ICE LIBOR USD 3 Month + 1.000% (A)
|
120,661
|
2,647,302
|
||||||
MFA Financial, 6.500%, ICE LIBOR USD 3 Month + 5.345% ‡,(A)
|
55,422
|
1,196,561
|
||||||
Morgan Stanley, Ser E, 7.125%, ICE LIBOR USD 3 Month + 4.320% (A)
|
132,206
|
3,520,646
|
||||||
Morgan Stanley, Ser F, 6.875%, ICE LIBOR USD 3 Month + 3.940% (A)
|
130,297
|
3,434,629
|
||||||
Morgan Stanley, 6.375%, ICE LIBOR USD 3 Month + 3.708% (A)
|
153,258
|
4,001,566
|
||||||
Morgan Stanley, 5.850%, ICE LIBOR USD 3 Month + 3.491% (A)
|
153,259
|
3,954,082
|
||||||
Morgan Stanley, 4.000%, ICE LIBOR USD 3 Month + 0.700% (A)
|
168,613
|
3,478,486
|
||||||
New Residential Investment, 7.500%, ICE LIBOR USD 3 Month + 5.802% ‡,(A)
|
31,363
|
778,743
|
||||||
New Residential Investment, 7.125%, ICE LIBOR USD 3 Month + 5.640% ‡,(A)
|
56,917
|
1,356,332
|
||||||
New Residential Investment, 7.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 6.223% ‡,(A)
|
93,548
|
2,233,926
|
||||||
New Residential Investment, 6.375%, ICE LIBOR USD 3 Month + 4.969% ‡,(A)
|
81,022
|
1,747,645
|
||||||
New York Community Bancorp, 6.375%, ICE LIBOR USD 3 Month + 3.821% (A)
|
103,561
|
2,712,263
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Variable Rate Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Financials — continued
|
||||||||
New York Mortgage Trust, 7.875%, ICE LIBOR USD 3 Month + 6.429% ‡,(A)
|
37,409
|
$
|
856,666
|
|||||
New York Mortgage Trust, 6.875%, U.S. SOFR + 6.130% ‡,(A)
|
24,218
|
557,014
|
||||||
Regions Financial, Ser B, 6.375%, ICE LIBOR USD 3 Month + 3.536% (A)
|
100,550
|
2,602,234
|
||||||
Regions Financial, 5.700%, ICE LIBOR USD 3 Month + 3.148% (A)
|
100,567
|
2,436,738
|
||||||
Reinsurance Group of America, 5.750%, ICE LIBOR USD 3 Month + 4.040% (A)
|
80,475
|
2,097,179
|
||||||
State Street, 5.900%, ICE LIBOR USD 3 Month + 3.108% (A)
|
150,747
|
3,735,511
|
||||||
State Street, 5.350%, ICE LIBOR USD 3 Month + 3.709% (A)
|
100,558
|
2,557,190
|
||||||
Synovus Financial, 5.875%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.127% (A)
|
70,446
|
1,794,964
|
||||||
Two Harbors Investment, 7.625%, ICE LIBOR USD 3 Month + 5.352% ‡,(A)
|
57,924
|
1,358,897
|
||||||
Two Harbors Investment, 7.250%, ICE LIBOR USD 3 Month + 5.011% ‡,(A)
|
59,437
|
1,332,578
|
||||||
US Bancorp, 3.500%, ICE LIBOR USD 3 Month + 0.600% (A)
|
200,964
|
4,107,704
|
||||||
Voya Financial, 5.350%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.210% (A)
|
60,417
|
1,457,862
|
||||||
Wells Fargo, 6.625%, ICE LIBOR USD 3 Month + 3.690% (A)
|
168,318
|
4,347,654
|
||||||
Wells Fargo, 5.850%, ICE LIBOR USD 3 Month + 3.090% (A)
|
345,472
|
8,187,686
|
||||||
Western Alliance Bancorp, 4.250%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.452% (A)
|
60,428
|
1,383,801
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Variable Rate Preferred ETF
|
Shares
|
Value
|
|||||||
PREFERRED STOCK — continued
|
||||||||
Financials — continued
|
||||||||
Wintrust Financial, 6.875%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 6.507% (A)
|
57,889
|
$
|
1,556,635
|
|||||
139,882,855
|
||||||||
Industrials — 2.8%
|
||||||||
Air Lease, 6.150%, ICE LIBOR USD 3 Month + 3.650% (A)
|
50,390
|
1,189,204
|
||||||
Fortress Transportation and Infrastructure Investors, 8.250%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 7.378% (A)
|
20,373
|
527,661
|
||||||
WESCO International, 10.625%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 10.325% (A)
|
108,625
|
3,049,104
|
||||||
4,765,969
|
||||||||
Utilities — 1.5%
|
||||||||
NiSource, 6.500%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.632% (A)
|
100,553
|
2,608,345
|
||||||
TOTAL UNITED STATES
|
161,742,015
|
|||||||
TOTAL PREFERRED STOCK
|
||||||||
(Cost $178,671,349)
|
168,282,956
|
|||||||
TOTAL INVESTMENTS — 99.5%
|
||||||||
(Cost $178,671,349)
|
$
|
168,282,956
|
‡
|
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; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Variable Rate Preferred ETF
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X MLP ETF
|
Shares
|
Value
|
|||||||
MASTER LIMITED PARTNERSHIPS — 96.2%
|
||||||||
UNITED STATES— 96.2%
|
||||||||
Energy — 96.2%
|
||||||||
Cheniere Energy Partners
|
1,059,156
|
$
|
56,950,818
|
|||||
Crestwood Equity Partners
|
1,996,031
|
58,164,343
|
||||||
DCP Midstream
|
1,693,078
|
60,798,431
|
||||||
Delek Logistics Partners
|
1,140,867
|
61,173,289
|
||||||
Energy Transfer
|
10,671,331
|
124,427,720
|
||||||
Enterprise Products Partners
|
5,031,389
|
137,960,686
|
||||||
Genesis Energy
|
5,287,385
|
64,717,592
|
||||||
Holly Energy Partners
|
3,381,568
|
64,249,792
|
||||||
Magellan Midstream Partners
|
2,201,288
|
113,806,590
|
||||||
MPLX
|
3,127,158
|
103,039,856
|
||||||
NGL Energy Partners *
|
50,000
|
93,500
|
||||||
NuStar Energy
|
4,078,202
|
65,455,142
|
||||||
PBF Logistics
|
3,898,478
|
63,467,222
|
||||||
Plains All American Pipeline
|
6,774,719
|
77,164,049
|
||||||
Rattler Midstream
|
1,712,110
|
29,259,960
|
||||||
Shell Midstream Partners
|
4,103,339
|
58,021,214
|
||||||
Western Midstream Partners
|
3,210,866
|
88,780,445
|
||||||
Total Energy
|
1,227,530,649
|
|||||||
TOTAL UNITED STATES
|
1,227,530,649
|
|||||||
TOTAL MASTER LIMITED PARTNERSHIP
|
||||||||
(Cost $775,964,861)
|
1,227,530,649
|
|||||||
COMMON STOCK — 4.4%
|
||||||||
UNITED STATES— 4.4%
|
||||||||
Energy — 4.4%
|
||||||||
EnLink Midstream
|
2,404,947
|
27,416,396
|
||||||
Hess Midstream, Cl A
|
835,563
|
27,230,998
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X MLP ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Energy — continued
|
||||||||
Phillips 66
|
8,114
|
$
|
817,972
|
|||||
Total Energy
|
55,465,366
|
|||||||
TOTAL UNITED STATES
|
55,465,366
|
|||||||
TOTAL COMMON STOCK
|
||||||||
(Cost $32,714,671)
|
55,465,366
|
|||||||
TOTAL INVESTMENTS — 100.6%
|
||||||||
(Cost $808,679,532)
|
$
|
1,282,996,015
|
*
|
Non-income producing security.
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X MLP & Energy Infrastructure ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — 75.8%
|
||||||||
CANADA — 22.4%
|
||||||||
Energy — 22.4%
|
||||||||
Enbridge
|
2,012,185
|
$
|
92,862,338
|
|||||
Pembina Pipeline
|
1,151,366
|
46,330,968
|
||||||
TC Energy
|
1,590,749
|
92,008,922
|
||||||
TOTAL CANADA
|
231,202,228
|
|||||||
UNITED STATES — 53.4%
|
||||||||
Energy — 53.4%
|
||||||||
Antero Midstream
|
4,104,025
|
44,569,711
|
||||||
Archrock
|
1,944,907
|
19,507,417
|
||||||
Cheniere Energy
|
510,034
|
69,757,350
|
||||||
EnLink Midstream
|
3,227,735
|
36,796,179
|
||||||
Equitrans Midstream
|
5,256,400
|
41,367,868
|
||||||
Hess Midstream, Cl A (A)
|
550,034
|
17,925,608
|
||||||
Kinder Morgan
|
4,111,870
|
80,962,720
|
||||||
Kinetik Holdings, Cl A
|
100,715
|
8,464,089
|
||||||
ONEOK
|
993,543
|
65,424,807
|
||||||
Plains GP Holdings, Cl A
|
2,368,202
|
28,323,696
|
||||||
Targa Resources
|
621,306
|
44,746,458
|
||||||
Williams
|
2,531,160
|
93,804,790
|
||||||
TOTAL UNITED STATES
|
551,650,693
|
|||||||
TOTAL COMMON STOCK
|
||||||||
(Cost $589,078,522)
|
782,852,921
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X MLP & Energy Infrastructure ETF
|
Shares
|
Value
|
|||||||
MASTER LIMITED PARTNERSHIPS — 24.1%
|
||||||||
UNITED STATES— 24.1%
|
||||||||
Energy — 24.1%
|
||||||||
Cheniere Energy Partners
|
154,004
|
$
|
8,280,795
|
|||||
Crestwood Equity Partners
|
190,248
|
5,543,827
|
||||||
DCP Midstream
|
345,968
|
12,423,711
|
||||||
Energy Transfer
|
3,952,570
|
46,086,966
|
||||||
Enterprise Products Partners
|
1,693,993
|
46,449,288
|
||||||
Holly Energy Partners
|
171,615
|
3,260,685
|
||||||
Magellan Midstream Partners
|
809,116
|
41,831,297
|
||||||
MPLX
|
1,137,867
|
37,492,717
|
||||||
Plains All American Pipeline
|
1,716,424
|
19,550,069
|
||||||
Shell Midstream Partners
|
471,512
|
6,667,180
|
||||||
Western Midstream Partners
|
773,612
|
21,390,372
|
||||||
TOTAL UNITED STATES
|
248,976,907
|
|||||||
TOTAL MASTER LIMITED PARTNERSHIPS
|
||||||||
(Cost $158,322,824)
|
248,976,907
|
|||||||
SHORT-TERM INVESTMENT(B)(C) — 0.4%
|
||||||||
Fidelity Investments Money Market Government Portfolio, Cl Institutional, 0.600%
|
||||||||
(Cost $4,492,722)
|
4,492,722
|
4,492,722
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X MLP & Energy Infrastructure ETF
|
Face Amount
|
Value
|
|||||||
REPURCHASE AGREEMENT(B) — 0.4%
|
||||||||
BNP Paribas
|
||||||||
0.740%, dated 05/31/2022, to be repurchased on 06/01/2022, repurchase price $4,173,492 (collateralized by various U.S. Treasury Obligations, ranging in par value $73,111 - $491,777, 0.250% -
2.750%, 09/30/2025 - 02/15/2028, with a total market value of $4,225,742)
|
||||||||
(Cost $4,173,406)
|
$
|
4,173,406
|
$
|
4,173,406
|
||||
TOTAL INVESTMENTS — 100.7%
|
||||||||
(Cost $756,067,474)
|
$
|
1,040,495,956
|
(A)
|
This security or a partial position of this security is on loan at May 31, 2022. The total value of securities on loan at May 31, 2022 was $8,369,112.
|
(B)
|
Security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2022 was $8,666,128.
|
(C)
|
The rate reported on the Schedule of Investments is the 7-day effective yield as of May 31, 2022.
|
Investments in Securities
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Common Stock
|
$
|
782,852,921
|
$
|
—
|
$
|
—
|
$
|
782,852,921
|
||||||||
Master Limited Partnerships
|
248,976,907
|
—
|
—
|
248,976,907
|
||||||||||||
Short-Term Investment
|
4,492,722
|
—
|
—
|
4,492,722
|
||||||||||||
Repurchase Agreement
|
—
|
4,173,406
|
—
|
4,173,406
|
||||||||||||
Total Investments in Securities
|
$
|
1,036,322,550
|
$
|
4,173,406
|
$
|
—
|
$
|
1,040,495,956
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Conscious Companies ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — 99.7%
|
||||||||
CANADA — 0.9%
|
||||||||
Financials — 0.5%
|
||||||||
Toronto-Dominion Bank
|
42,646
|
$
|
3,252,611
|
|||||
Information Technology — 0.4%
|
||||||||
Shopify, Cl A *
|
6,892
|
2,585,327
|
||||||
TOTAL CANADA
|
5,837,938
|
|||||||
UNITED STATES — 98.8%
|
||||||||
Communication Services — 7.7%
|
||||||||
Alphabet, Cl A *
|
8,441
|
19,205,301
|
||||||
AT&T
|
162,388
|
3,457,240
|
||||||
Comcast, Cl A
|
69,847
|
3,092,825
|
||||||
Meta Platforms, Cl A *
|
17,218
|
3,334,094
|
||||||
Netflix *
|
14,702
|
2,902,763
|
||||||
Omnicom Group
|
40,119
|
2,993,279
|
||||||
Take-Two Interactive Software *
|
23,236
|
2,893,579
|
||||||
T-Mobile US *
|
24,643
|
3,284,665
|
||||||
Verizon Communications
|
63,126
|
3,237,733
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Conscious Companies ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Communication Services — continued
|
||||||||
Walt Disney *
|
26,801
|
$
|
2,959,902
|
|||||
Warner Bros Discovery *
|
154,089
|
2,842,942
|
||||||
50,204,323
|
||||||||
Consumer Discretionary — 11.3%
|
||||||||
Amazon.com *
|
6,261
|
15,052,634
|
||||||
AutoZone *
|
1,467
|
3,021,507
|
||||||
Best Buy
|
34,727
|
2,849,698
|
||||||
Booking Holdings *
|
1,431
|
3,210,534
|
||||||
BorgWarner
|
83,724
|
3,375,752
|
||||||
Choice Hotels International
|
22,448
|
2,870,875
|
||||||
Darden Restaurants
|
23,646
|
2,955,750
|
||||||
eBay
|
59,617
|
2,901,559
|
||||||
Etsy *
|
32,211
|
2,612,956
|
||||||
General Motors *
|
79,532
|
3,076,298
|
||||||
Home Depot
|
10,562
|
3,197,645
|
||||||
Lowe’s
|
16,086
|
3,141,596
|
||||||
Lululemon Athletica *
|
8,716
|
2,551,086
|
||||||
Marriott International, Cl A
|
17,661
|
3,030,274
|
||||||
NIKE, Cl B
|
24,559
|
2,918,837
|
||||||
Shake Shack, Cl A *
|
51,233
|
2,492,485
|
||||||
Starbucks
|
40,679
|
3,193,302
|
||||||
Target
|
13,115
|
2,123,056
|
||||||
Vail Resorts
|
12,644
|
3,188,943
|
||||||
VF
|
58,075
|
2,930,465
|
||||||
Whirlpool
|
18,237
|
3,359,985
|
||||||
74,055,237
|
||||||||
Consumer Staples — 8.2%
|
||||||||
Campbell Soup
|
67,530
|
3,235,362
|
||||||
Church & Dwight
|
30,837
|
2,777,180
|
||||||
Clorox
|
21,040
|
3,058,375
|
||||||
Coca-Cola
|
48,580
|
3,079,000
|
||||||
Colgate-Palmolive
|
40,000
|
3,152,400
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Conscious Companies ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Consumer Staples — continued
|
||||||||
Costco Wholesale
|
5,545
|
$
|
2,585,190
|
|||||
Estee Lauder, Cl A
|
12,005
|
3,057,073
|
||||||
General Mills
|
43,722
|
3,053,982
|
||||||
Hershey
|
14,142
|
2,994,003
|
||||||
Hormel Foods
|
59,160
|
2,879,317
|
||||||
J M Smucker
|
22,284
|
2,793,745
|
||||||
Kellogg
|
45,720
|
3,188,513
|
||||||
Kimberly-Clark
|
22,886
|
3,044,296
|
||||||
McCormick
|
31,000
|
2,874,320
|
||||||
PepsiCo
|
18,413
|
3,088,781
|
||||||
Procter & Gamble
|
19,659
|
2,907,173
|
||||||
Sysco
|
35,696
|
3,004,889
|
||||||
Walgreens Boots Alliance
|
69,605
|
3,050,787
|
||||||
53,824,386
|
||||||||
Energy — 1.6%
|
||||||||
Chevron
|
19,694
|
3,439,754
|
||||||
ConocoPhillips
|
33,015
|
3,709,565
|
||||||
ONEOK
|
45,753
|
3,012,835
|
||||||
10,162,154
|
||||||||
Financials — 9.5%
|
||||||||
Aflac
|
50,019
|
3,029,651
|
||||||
Allstate
|
24,000
|
3,280,560
|
||||||
American Express
|
17,558
|
2,964,141
|
||||||
Bank of America
|
84,392
|
3,139,382
|
||||||
BlackRock, Cl A
|
4,781
|
3,198,871
|
||||||
Capital One Financial
|
23,430
|
2,995,760
|
||||||
Citigroup
|
61,873
|
3,304,637
|
||||||
CME Group, Cl A
|
14,220
|
2,827,363
|
||||||
FactSet Research Systems
|
7,418
|
2,832,044
|
||||||
Hartford Financial Services Group
|
44,327
|
3,214,151
|
||||||
JPMorgan Chase
|
24,996
|
3,305,221
|
||||||
Moody’s
|
9,666
|
2,914,976
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Conscious Companies ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Financials — continued
|
||||||||
Morgan Stanley
|
37,406
|
$
|
3,222,153
|
|||||
Northern Trust
|
29,851
|
3,335,849
|
||||||
PNC Financial Services Group
|
18,297
|
3,209,477
|
||||||
Progressive
|
29,258
|
3,492,820
|
||||||
Prudential Financial
|
27,379
|
2,909,019
|
||||||
S&P Global
|
8,351
|
2,918,507
|
||||||
T Rowe Price Group
|
23,610
|
3,000,595
|
||||||
US Bancorp
|
62,360
|
3,309,445
|
||||||
62,404,622
|
||||||||
Health Care — 14.2%
|
||||||||
Abbott Laboratories
|
27,206
|
3,195,617
|
||||||
AbbVie
|
20,452
|
3,014,011
|
||||||
Agilent Technologies
|
26,127
|
3,332,760
|
||||||
Amgen
|
12,661
|
3,250,585
|
||||||
Becton Dickinson
|
12,429
|
3,179,338
|
||||||
Biogen *
|
14,944
|
2,988,800
|
||||||
Boston Scientific *
|
72,205
|
2,961,127
|
||||||
Bristol-Myers Squibb
|
41,846
|
3,157,281
|
||||||
Cigna
|
12,427
|
3,334,040
|
||||||
Edwards Lifesciences *
|
26,775
|
2,700,259
|
||||||
Eli Lilly
|
11,373
|
3,564,753
|
||||||
Embecta *
|
100,151
|
2,481,742
|
||||||
Gilead Sciences
|
50,920
|
3,302,162
|
||||||
Humana
|
7,131
|
3,239,114
|
||||||
IDEXX Laboratories *
|
6,550
|
2,565,111
|
||||||
Illumina *
|
9,823
|
2,352,412
|
||||||
Intuitive Surgical *
|
12,381
|
2,818,411
|
||||||
IQVIA Holdings *
|
13,810
|
2,972,603
|
||||||
Johnson & Johnson
|
17,461
|
3,134,773
|
||||||
Merck
|
37,473
|
3,448,640
|
||||||
Mettler-Toledo International *
|
2,467
|
3,172,858
|
||||||
PerkinElmer
|
20,773
|
3,109,095
|
||||||
Pfizer
|
64,908
|
3,442,720
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Conscious Companies ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Health Care — continued
|
||||||||
Quest Diagnostics
|
23,105
|
$
|
3,258,267
|
|||||
Regeneron Pharmaceuticals *
|
4,606
|
3,061,793
|
||||||
Stryker
|
12,765
|
2,993,393
|
||||||
Thermo Fisher Scientific
|
5,648
|
3,205,635
|
||||||
Vertex Pharmaceuticals *
|
11,722
|
3,149,115
|
||||||
Waters *
|
10,420
|
3,417,239
|
||||||
Zoetis, Cl A
|
17,426
|
2,978,626
|
||||||
92,782,280
|
||||||||
Industrials — 9.5%
|
||||||||
3M
|
21,250
|
3,172,413
|
||||||
Caterpillar
|
14,655
|
3,163,282
|
||||||
CH Robinson Worldwide
|
31,110
|
3,375,746
|
||||||
Cummins
|
15,913
|
3,327,727
|
||||||
Deere
|
7,859
|
2,811,793
|
||||||
Expeditors International of Washington
|
31,881
|
3,469,928
|
||||||
FedEx
|
15,446
|
3,468,863
|
||||||
Honeywell International
|
16,453
|
3,185,630
|
||||||
Illinois Tool Works
|
15,588
|
3,243,395
|
||||||
Owens Corning
|
36,218
|
3,461,716
|
||||||
Republic Services, Cl A
|
23,942
|
3,204,397
|
||||||
Rockwell Automation
|
12,167
|
2,594,004
|
||||||
Southwest Airlines *
|
67,658
|
3,102,796
|
||||||
Stanley Black & Decker
|
22,402
|
2,658,893
|
||||||
Union Pacific
|
13,632
|
2,996,041
|
||||||
United Parcel Service, Cl B
|
16,938
|
3,086,951
|
||||||
Verisk Analytics, Cl A
|
15,051
|
2,632,721
|
||||||
Waste Management
|
20,126
|
3,190,172
|
||||||
WW Grainger
|
6,349
|
3,092,407
|
||||||
Xylem
|
37,437
|
3,154,067
|
||||||
62,392,942
|
||||||||
Information Technology — 29.3%
|
||||||||
Accenture, Cl A
|
10,199
|
3,043,994
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Conscious Companies ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Information Technology — continued
|
||||||||
Adobe *
|
7,757
|
$
|
3,230,635
|
|||||
Advanced Micro Devices *
|
35,964
|
3,663,293
|
||||||
Akamai Technologies *
|
27,060
|
2,734,142
|
||||||
Analog Devices
|
20,678
|
3,482,175
|
||||||
Apple
|
246,178
|
36,641,134
|
||||||
Applied Materials
|
28,101
|
3,295,966
|
||||||
Arista Networks *
|
27,477
|
2,810,348
|
||||||
Autodesk *
|
16,923
|
3,515,753
|
||||||
Automatic Data Processing
|
14,182
|
3,161,735
|
||||||
Block, Cl A *
|
30,873
|
2,701,696
|
||||||
CDW
|
18,238
|
3,097,907
|
||||||
Cisco Systems
|
61,717
|
2,780,351
|
||||||
Cognizant Technology Solutions, Cl A
|
38,117
|
2,847,340
|
||||||
Dell Technologies, Cl C
|
67,630
|
3,377,442
|
||||||
F5 *
|
15,812
|
2,577,988
|
||||||
Fiserv *
|
32,847
|
3,290,612
|
||||||
HubSpot *
|
7,999
|
2,701,182
|
||||||
Intel
|
68,110
|
3,025,446
|
||||||
Intuit
|
7,150
|
2,963,389
|
||||||
Jack Henry & Associates
|
16,065
|
3,022,148
|
||||||
Keysight Technologies *
|
21,818
|
3,176,701
|
||||||
Lam Research
|
6,851
|
3,562,726
|
||||||
Littelfuse
|
13,659
|
3,690,662
|
||||||
Mastercard, Cl A
|
9,027
|
3,230,493
|
||||||
Microsoft
|
115,452
|
31,387,935
|
||||||
Motorola Solutions
|
13,960
|
3,067,570
|
||||||
NVIDIA
|
16,243
|
3,032,893
|
||||||
ON Semiconductor *
|
60,441
|
3,667,560
|
||||||
Oracle
|
40,562
|
2,917,219
|
||||||
Paychex
|
24,132
|
2,988,266
|
||||||
Paycom Software *
|
10,710
|
3,045,281
|
||||||
PayPal Holdings *
|
36,846
|
3,139,648
|
||||||
Salesforce *
|
18,492
|
2,963,158
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Conscious Companies ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Information Technology — continued
|
||||||||
Synopsys *
|
10,934
|
$
|
3,490,133
|
|||||
Texas Instruments
|
18,695
|
3,304,528
|
||||||
Trimble *
|
47,746
|
3,249,115
|
||||||
Tyler Technologies *
|
8,225
|
2,926,620
|
||||||
Universal Display
|
23,888
|
3,017,293
|
||||||
Visa, Cl A
|
15,228
|
3,230,925
|
||||||
Workday, Cl A *
|
15,378
|
2,403,581
|
||||||
Zendesk *
|
26,230
|
2,398,734
|
||||||
191,855,717
|
||||||||
Materials — 2.4%
|
||||||||
Air Products & Chemicals
|
13,048
|
3,211,896
|
||||||
Celanese, Cl A
|
22,212
|
3,476,622
|
||||||
Ecolab
|
18,093
|
2,965,624
|
||||||
International Flavors & Fragrances
|
24,697
|
3,264,202
|
||||||
Newmont
|
42,536
|
2,886,068
|
||||||
15,804,412
|
||||||||
Real Estate — 2.2%
|
||||||||
American Tower ‡
|
12,103
|
3,099,941
|
||||||
CBRE Group, Cl A *
|
37,482
|
3,105,009
|
||||||
Equinix ‡
|
4,252
|
2,921,507
|
||||||
Jones Lang LaSalle *
|
14,138
|
2,789,710
|
||||||
ProLogis ‡
|
18,787
|
2,394,967
|
||||||
14,311,134
|
||||||||
Utilities — 2.9%
|
||||||||
American Water Works
|
19,304
|
2,919,730
|
||||||
Constellation Energy
|
50,773
|
3,151,988
|
||||||
Duke Energy
|
27,737
|
3,120,967
|
||||||
Exelon
|
65,155
|
3,202,368
|
||||||
NextEra Energy
|
42,864
|
3,244,376
|
||||||
WEC Energy Group
|
30,484
|
3,202,954
|
||||||
18,842,383
|
||||||||
TOTAL UNITED STATES
|
646,639,590
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Conscious Companies ETF
|
Value
|
||||||||
COMMON STOCK — continued
|
||||||||
TOTAL COMMON STOCK
|
||||||||
(Cost $658,744,594)
|
$
|
652,477,528
|
||||||
TOTAL INVESTMENTS — 99.7%
|
||||||||
(Cost $658,744,594)
|
$
|
652,477,528
|
*
|
Non-income producing security.
|
‡
|
Real Estate Investment Trust
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Factor ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — 99.8%
|
||||||||
UNITED STATES— 99.8%
|
||||||||
Communication Services — 4.2%
|
||||||||
Activision Blizzard
|
1,693
|
$
|
131,851
|
|||||
AT&T
|
95,544
|
2,034,132
|
||||||
Charter Communications, Cl A *
|
2,721
|
1,379,357
|
||||||
Electronic Arts
|
6,782
|
940,324
|
||||||
Liberty Broadband, Cl C *
|
987
|
123,543
|
||||||
T-Mobile US *
|
1,008
|
134,356
|
||||||
Verizon Communications
|
49,612
|
2,544,599
|
||||||
Total Communication Services
|
7,288,162
|
|||||||
Consumer Discretionary — 2.9%
|
||||||||
AutoZone *
|
405
|
834,158
|
||||||
Dollar General
|
1,072
|
236,204
|
||||||
Domino’s Pizza
|
338
|
122,751
|
||||||
Hasbro
|
1,508
|
135,343
|
||||||
McDonald’s
|
10,552
|
2,661,320
|
||||||
O’Reilly Automotive *
|
951
|
605,949
|
||||||
Yum! Brands
|
2,712
|
329,427
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Factor ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Consumer Discretionary — continued
|
||||||||
Total Consumer Discretionary
|
$
|
4,925,152
|
||||||
Consumer Staples — 8.6%
|
||||||||
Archer-Daniels-Midland
|
9,018
|
819,015
|
||||||
Church & Dwight
|
1,293
|
116,448
|
||||||
Coca-Cola
|
29,554
|
1,873,132
|
||||||
Constellation Brands, Cl A
|
516
|
126,663
|
||||||
Costco Wholesale
|
8,742
|
4,075,695
|
||||||
Flowers Foods
|
92,016
|
2,539,642
|
||||||
Hershey
|
3,848
|
814,660
|
||||||
Hormel Foods
|
3,251
|
158,226
|
||||||
Kroger
|
12,134
|
642,738
|
||||||
Mondelez International, Cl A
|
2,032
|
129,154
|
||||||
PepsiCo
|
6,738
|
1,130,299
|
||||||
Procter & Gamble
|
2,128
|
314,689
|
||||||
Walmart
|
16,911
|
2,175,262
|
||||||
Total Consumer Staples
|
14,915,623
|
|||||||
Energy — 16.6%
|
||||||||
Antero Resources *
|
7,808
|
334,807
|
||||||
APA
|
7,817
|
367,477
|
||||||
Baker Hughes, Cl A
|
18,032
|
648,791
|
||||||
Cheniere Energy
|
4,330
|
592,214
|
||||||
Chesapeake Energy
|
2,406
|
234,296
|
||||||
Chevron
|
28,696
|
5,012,043
|
||||||
ConocoPhillips
|
35,499
|
3,988,668
|
||||||
Continental Resources
|
2,664
|
181,338
|
||||||
Coterra Energy
|
11,660
|
400,288
|
||||||
Devon Energy
|
21,749
|
1,629,000
|
||||||
Diamondback Energy
|
2,911
|
442,530
|
||||||
EOG Resources
|
11,141
|
1,525,871
|
||||||
Exxon Mobil
|
51,166
|
4,911,936
|
||||||
Halliburton
|
15,125
|
612,563
|
||||||
Marathon Oil
|
17,343
|
545,090
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Factor ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Energy — continued
|
||||||||
Marathon Petroleum
|
9,778
|
$
|
995,303
|
|||||
Matador Resources
|
2,350
|
143,115
|
||||||
Murphy Oil
|
3,551
|
150,633
|
||||||
Occidental Petroleum
|
17,310
|
1,199,756
|
||||||
ONEOK
|
6,489
|
427,301
|
||||||
Ovintiv
|
5,547
|
310,577
|
||||||
PDC Energy
|
1,833
|
145,064
|
||||||
Pioneer Natural Resources
|
4,525
|
1,257,679
|
||||||
Range Resources *
|
7,393
|
250,992
|
||||||
Schlumberger
|
20,236
|
930,047
|
||||||
SM Energy
|
2,231
|
107,690
|
||||||
Targa Resources
|
6,863
|
494,273
|
||||||
Williams
|
22,242
|
824,289
|
||||||
Total Energy
|
28,663,631
|
|||||||
Financials — 11.3%
|
||||||||
AGNC Investment ‡
|
158,438
|
1,937,697
|
||||||
Allstate
|
929
|
126,985
|
||||||
American Financial Group
|
1,252
|
176,908
|
||||||
Annaly Capital Management ‡
|
40,053
|
264,750
|
||||||
Aon, Cl A
|
3,758
|
1,035,968
|
||||||
Ares Management, Cl A
|
2,000
|
142,340
|
||||||
Arthur J Gallagher
|
17,311
|
2,803,343
|
||||||
Berkshire Hathaway, Cl B *
|
18,119
|
5,725,242
|
||||||
Blackstone, Cl A
|
9,490
|
1,117,827
|
||||||
Brown & Brown
|
4,080
|
242,230
|
||||||
Chubb
|
5,869
|
1,240,061
|
||||||
FactSet Research Systems
|
836
|
319,168
|
||||||
Intercontinental Exchange
|
1,078
|
110,376
|
||||||
Marsh & McLennan
|
23,286
|
3,724,596
|
||||||
Nasdaq
|
771
|
119,705
|
||||||
Progressive
|
1,502
|
179,309
|
||||||
W R Berkley
|
1,878
|
133,582
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Factor ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Financials — continued
|
||||||||
Total Financials
|
$
|
19,400,087
|
||||||
Health Care — 24.5%
|
||||||||
AbbVie
|
29,698
|
4,376,594
|
||||||
AmerisourceBergen, Cl A
|
804
|
124,451
|
||||||
Baxter International
|
1,699
|
129,209
|
||||||
Becton Dickinson
|
499
|
127,644
|
||||||
Bristol-Myers Squibb
|
20,847
|
1,572,906
|
||||||
Cerner
|
28,897
|
2,740,881
|
||||||
Change Healthcare *
|
114,152
|
2,749,922
|
||||||
CVS Health
|
23,869
|
2,309,326
|
||||||
Danaher
|
476
|
125,578
|
||||||
Eli Lilly
|
16,322
|
5,115,968
|
||||||
Gilead Sciences
|
2,100
|
136,185
|
||||||
HCA Healthcare
|
3,066
|
645,086
|
||||||
Intra-Cellular Therapies *
|
1,544
|
88,626
|
||||||
Johnson & Johnson
|
14,680
|
2,635,500
|
||||||
McKesson
|
3,873
|
1,273,016
|
||||||
Medtronic
|
1,181
|
118,277
|
||||||
Merck
|
17,552
|
1,615,311
|
||||||
Pfizer
|
133,255
|
7,067,845
|
||||||
Premier, Cl A
|
67,078
|
2,509,388
|
||||||
QIAGEN *
|
30,394
|
1,396,604
|
||||||
Quest Diagnostics
|
1,875
|
264,413
|
||||||
Regeneron Pharmaceuticals *
|
1,492
|
991,792
|
||||||
Tenet Healthcare *
|
1,772
|
114,666
|
||||||
UnitedHealth Group
|
8,243
|
4,094,958
|
||||||
Total Health Care
|
42,324,146
|
|||||||
Industrials — 8.3%
|
||||||||
Avis Budget Group *
|
595
|
113,217
|
||||||
Builders FirstSource *
|
2,400
|
156,216
|
||||||
CACI International, Cl A *
|
484
|
135,699
|
||||||
Carlisle
|
784
|
199,473
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Factor ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Industrials — continued
|
||||||||
Evoqua Water Technologies *
|
1,994
|
$
|
70,966
|
|||||
FTI Consulting *
|
16,176
|
2,717,568
|
||||||
General Dynamics
|
3,643
|
819,347
|
||||||
L3Harris Technologies
|
692
|
166,703
|
||||||
Lockheed Martin
|
5,949
|
2,618,214
|
||||||
Northrop Grumman
|
445
|
208,247
|
||||||
Republic Services, Cl A
|
23,089
|
3,090,232
|
||||||
Robert Half International
|
1,699
|
153,165
|
||||||
Textron
|
2,446
|
159,699
|
||||||
Univar Solutions *
|
2,425
|
74,496
|
||||||
Waste Management
|
21,276
|
3,372,459
|
||||||
WESCO International *
|
714
|
89,664
|
||||||
WillScot Mobile Mini Holdings *
|
2,718
|
97,114
|
||||||
Zurn Water Solutions
|
1,808
|
52,107
|
||||||
Total Industrials
|
14,294,586
|
|||||||
Information Technology — 13.6%
|
||||||||
Akamai Technologies *
|
1,243
|
125,593
|
||||||
Amdocs
|
32,475
|
2,821,753
|
||||||
Arista Networks *
|
3,860
|
394,801
|
||||||
Automatic Data Processing
|
886
|
197,525
|
||||||
Cisco Systems
|
44,820
|
2,019,141
|
||||||
Coherent *
|
10,083
|
2,732,090
|
||||||
ExlService Holdings *
|
537
|
76,356
|
||||||
Fortinet *
|
1,853
|
545,041
|
||||||
Gartner *
|
1,261
|
330,886
|
||||||
International Business Machines
|
967
|
134,258
|
||||||
Jack Henry & Associates
|
13,379
|
2,516,857
|
||||||
Juniper Networks
|
5,162
|
158,370
|
||||||
Motorola Solutions
|
2,075
|
455,961
|
||||||
NortonLifeLock
|
4,955
|
120,605
|
||||||
NVIDIA
|
20,949
|
3,911,597
|
||||||
Palo Alto Networks *
|
1,437
|
722,495
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Factor ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Information Technology — continued
|
||||||||
Paychex
|
6,297
|
$
|
779,758
|
|||||
Pure Storage, Cl A *
|
4,418
|
104,839
|
||||||
Rogers *
|
9,896
|
2,626,200
|
||||||
Synaptics *
|
557
|
82,503
|
||||||
Vonage Holdings *
|
133,911
|
2,593,856
|
||||||
Total Information Technology
|
23,450,485
|
|||||||
Materials — 1.4%
|
||||||||
Air Products & Chemicals
|
537
|
132,188
|
||||||
Alcoa
|
4,162
|
256,879
|
||||||
CF Industries Holdings
|
4,685
|
462,737
|
||||||
Mosaic
|
6,801
|
426,083
|
||||||
Nucor
|
4,412
|
584,413
|
||||||
Sealed Air
|
2,328
|
144,755
|
||||||
Sonoco Products
|
2,028
|
118,577
|
||||||
Steel Dynamics
|
2,968
|
253,408
|
||||||
Total Materials
|
2,379,040
|
|||||||
Real Estate — 5.1%
|
||||||||
Alexandria Real Estate Equities ‡
|
708
|
117,493
|
||||||
AvalonBay Communities ‡
|
1,750
|
363,930
|
||||||
Camden Property Trust ‡
|
2,440
|
350,116
|
||||||
CubeSmart ‡
|
7,966
|
354,726
|
||||||
Digital Realty Trust ‡
|
876
|
122,281
|
||||||
Duke Realty ‡
|
4,968
|
262,459
|
||||||
Equity LifeStyle Properties ‡
|
1,615
|
122,255
|
||||||
Equity Residential ‡
|
4,107
|
315,541
|
||||||
Essex Property Trust ‡
|
376
|
106,728
|
||||||
Extra Space Storage ‡
|
3,599
|
641,342
|
||||||
First Industrial Realty Trust ‡
|
2,042
|
108,532
|
||||||
Independence Realty Trust ‡
|
4,255
|
100,035
|
||||||
Invitation Homes ‡
|
3,036
|
114,518
|
||||||
Iron Mountain ‡
|
3,562
|
191,992
|
||||||
Life Storage ‡
|
2,600
|
303,576
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Factor ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Real Estate — continued
|
||||||||
Mid-America Apartment Communities ‡
|
2,415
|
$
|
437,115
|
|||||
National Storage Affiliates Trust ‡
|
1,424
|
74,689
|
||||||
ProLogis ‡
|
11,727
|
1,494,958
|
||||||
Public Storage ‡
|
8,660
|
2,863,342
|
||||||
Sun Communities ‡
|
696
|
114,234
|
||||||
UDR ‡
|
3,878
|
185,368
|
||||||
Total Real Estate
|
8,745,230
|
|||||||
Utilities — 3.3%
|
||||||||
Alliant Energy
|
2,326
|
148,445
|
||||||
Ameren
|
1,630
|
155,160
|
||||||
American Electric Power
|
1,911
|
194,979
|
||||||
Consolidated Edison
|
1,723
|
171,025
|
||||||
Duke Energy
|
7,949
|
894,422
|
||||||
Exelon
|
15,423
|
758,040
|
||||||
Hawaiian Electric Industries
|
3,002
|
129,596
|
||||||
National Fuel Gas
|
5,243
|
385,518
|
||||||
PNM Resources
|
56,394
|
2,680,407
|
||||||
Southern
|
2,689
|
203,450
|
||||||
Total Utilities
|
5,721,042
|
|||||||
TOTAL UNITED STATES
|
172,107,184
|
|||||||
TOTAL COMMON STOCK
|
||||||||
(Cost $162,938,104)
|
172,107,184
|
|||||||
TOTAL INVESTMENTS — 99.8%
|
||||||||
(Cost $162,938,104)
|
$
|
172,107,184
|
*
|
Non-income producing security.
|
‡
|
Real Estate Investment Trust
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — 99.9%
|
||||||||
BRAZIL — 0.1%
|
||||||||
Consumer Discretionary — 0.1%
|
||||||||
MercadoLibre *
|
109
|
$
|
85,661
|
|||||
CHINA — 0.1%
|
||||||||
Consumer Discretionary — 0.1%
|
||||||||
Yum China Holdings
|
916
|
41,641
|
||||||
PERU — 0.0%
|
||||||||
Materials — 0.0%
|
||||||||
Southern Copper
|
186
|
11,491
|
||||||
SOUTH KOREA — 0.0%
|
||||||||
Consumer Discretionary — 0.0%
|
||||||||
Coupang, Cl A *
|
1,793
|
24,224
|
||||||
SWITZERLAND — 0.1%
|
||||||||
Information Technology — 0.1%
|
||||||||
TE Connectivity
|
736
|
95,231
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
UNITED KINGDOM — 0.5%
|
||||||||
Materials — 0.5%
|
||||||||
Linde
|
1,135
|
$
|
368,512
|
|||||
UNITED STATES — 99.1%
|
||||||||
Communication Services — 8.9%
|
||||||||
Activision Blizzard
|
1,720
|
133,954
|
||||||
Alphabet, Cl A *
|
689
|
1,567,640
|
||||||
Alphabet, Cl C *
|
620
|
1,414,084
|
||||||
AT&T
|
16,167
|
344,195
|
||||||
Charter Communications, Cl A *
|
264
|
133,829
|
||||||
Comcast, Cl A
|
10,392
|
460,158
|
||||||
DISH Network, Cl A *
|
547
|
12,488
|
||||||
Electronic Arts
|
634
|
87,904
|
||||||
Fox, Cl A
|
702
|
24,928
|
||||||
Fox, Cl B
|
315
|
10,304
|
||||||
Liberty Broadband, Cl A *
|
43
|
5,246
|
||||||
Liberty Broadband, Cl C *
|
300
|
37,551
|
||||||
Live Nation Entertainment *
|
337
|
32,032
|
||||||
Match Group *
|
605
|
47,662
|
||||||
Meta Platforms, Cl A *
|
5,267
|
1,019,902
|
||||||
Netflix *
|
994
|
196,255
|
||||||
Omnicom Group
|
459
|
34,246
|
||||||
Paramount Global, Cl A
|
7
|
258
|
||||||
Paramount Global, Cl B
|
1,291
|
44,320
|
||||||
Pinterest, Cl A *
|
1,264
|
24,838
|
||||||
ROBLOX, Cl A *
|
658
|
19,701
|
||||||
Roku, Cl A *
|
265
|
25,148
|
||||||
Sirius XM Holdings
|
1,585
|
10,144
|
||||||
Snap, Cl A *
|
2,460
|
34,711
|
||||||
Spotify Technology *
|
266
|
29,997
|
||||||
Take-Two Interactive Software *
|
256
|
31,880
|
||||||
T-Mobile US *
|
1,475
|
196,603
|
||||||
Twitter *
|
1,582
|
62,647
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Communication Services — continued
|
||||||||
Verizon Communications
|
9,698
|
$
|
497,410
|
|||||
Walt Disney *
|
4,207
|
464,621
|
||||||
Warner Bros Discovery *
|
4,951
|
91,346
|
||||||
Warner Music Group, Cl A
|
252
|
7,482
|
||||||
ZoomInfo Technologies, Cl A *
|
611
|
24,678
|
||||||
7,128,162
|
||||||||
Consumer Discretionary — 10.7%
|
||||||||
Airbnb, Cl A *
|
759
|
91,740
|
||||||
Amazon.com *
|
1,005
|
2,416,211
|
||||||
Aptiv *
|
608
|
64,594
|
||||||
AutoZone *
|
45
|
92,684
|
||||||
Best Buy
|
448
|
36,763
|
||||||
Booking Holdings *
|
93
|
208,651
|
||||||
Burlington Stores *
|
147
|
24,740
|
||||||
Caesars Entertainment *
|
457
|
22,928
|
||||||
CarMax *
|
362
|
35,936
|
||||||
Carnival *
|
1,930
|
26,788
|
||||||
Carvana, Cl A *
|
187
|
5,505
|
||||||
Chewy, Cl A *
|
179
|
4,439
|
||||||
Chipotle Mexican Grill, Cl A *
|
60
|
84,153
|
||||||
Darden Restaurants
|
279
|
34,875
|
||||||
Dollar General
|
517
|
113,916
|
||||||
Dollar Tree *
|
503
|
80,646
|
||||||
Domino’s Pizza
|
80
|
29,054
|
||||||
DoorDash, Cl A *
|
435
|
33,456
|
||||||
DR Horton
|
740
|
55,611
|
||||||
eBay
|
1,271
|
61,860
|
||||||
Etsy *
|
281
|
22,795
|
||||||
Expedia Group *
|
337
|
43,584
|
||||||
Ford Motor
|
8,935
|
122,231
|
||||||
Garmin
|
344
|
36,333
|
||||||
General Motors *
|
2,999
|
116,001
|
||||||
Genuine Parts
|
313
|
42,796
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Consumer Discretionary — continued
|
||||||||
Hilton Worldwide Holdings
|
621
|
$
|
87,474
|
|||||
Home Depot
|
2,383
|
721,453
|
||||||
Las Vegas Sands *
|
1,031
|
36,559
|
||||||
Lennar, Cl A
|
572
|
45,903
|
||||||
Lennar, Cl B
|
27
|
1,814
|
||||||
Lowe’s
|
1,499
|
292,755
|
||||||
Lucid Group *
|
1,235
|
24,922
|
||||||
Lululemon Athletica *
|
266
|
77,855
|
||||||
Marriott International, Cl A
|
632
|
108,439
|
||||||
McDonald’s
|
1,720
|
433,801
|
||||||
MGM Resorts International
|
803
|
28,081
|
||||||
NIKE, Cl B
|
2,848
|
338,485
|
||||||
NVR *
|
7
|
31,154
|
||||||
O’Reilly Automotive *
|
149
|
94,938
|
||||||
Pool
|
88
|
35,079
|
||||||
Rivian Automotive, Cl A *
|
400
|
12,560
|
||||||
Ross Stores
|
779
|
66,231
|
||||||
Royal Caribbean Cruises *
|
484
|
28,106
|
||||||
Starbucks
|
2,608
|
204,728
|
||||||
Target
|
1,047
|
169,488
|
||||||
Tesla *
|
1,937
|
1,468,750
|
||||||
TJX
|
2,490
|
158,289
|
||||||
Tractor Supply
|
252
|
47,215
|
||||||
Ulta Beauty *
|
116
|
49,080
|
||||||
VF
|
785
|
39,611
|
||||||
Wayfair, Cl A *
|
163
|
9,681
|
||||||
Yum! Brands
|
651
|
79,077
|
||||||
8,599,818
|
||||||||
Consumer Staples — 6.4%
|
||||||||
Altria Group
|
4,114
|
222,526
|
||||||
Archer-Daniels-Midland
|
1,268
|
115,160
|
||||||
Brown-Forman, Cl A
|
79
|
4,987
|
||||||
Brown-Forman, Cl B
|
681
|
45,028
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Consumer Staples — continued
|
||||||||
Church & Dwight
|
547
|
$
|
49,263
|
|||||
Clorox
|
275
|
39,974
|
||||||
Coca-Cola
|
8,966
|
568,265
|
||||||
Colgate-Palmolive
|
1,905
|
150,133
|
||||||
Conagra Brands
|
1,055
|
34,699
|
||||||
Constellation Brands, Cl A
|
346
|
84,933
|
||||||
Costco Wholesale
|
1,022
|
476,477
|
||||||
Estee Lauder, Cl A
|
485
|
123,505
|
||||||
General Mills
|
1,361
|
95,066
|
||||||
Hershey
|
329
|
69,653
|
||||||
Hormel Foods
|
635
|
30,905
|
||||||
Kellogg
|
580
|
40,449
|
||||||
Keurig Dr Pepper
|
1,935
|
67,222
|
||||||
Kimberly-Clark
|
763
|
101,494
|
||||||
Kraft Heinz
|
1,559
|
58,977
|
||||||
Kroger
|
1,483
|
78,555
|
||||||
McCormick
|
559
|
51,830
|
||||||
Mondelez International, Cl A
|
3,128
|
198,816
|
||||||
Monster Beverage *
|
844
|
75,217
|
||||||
PepsiCo
|
3,188
|
534,787
|
||||||
Philip Morris International
|
3,518
|
373,787
|
||||||
Procter & Gamble
|
5,512
|
815,115
|
||||||
Sysco
|
1,145
|
96,386
|
||||||
Tyson Foods, Cl A
|
651
|
58,336
|
||||||
Walgreens Boots Alliance
|
1,612
|
70,654
|
||||||
Walmart
|
3,328
|
428,081
|
||||||
5,160,280
|
||||||||
Energy — 4.8%
|
||||||||
Baker Hughes, Cl A
|
2,014
|
72,464
|
||||||
Cheniere Energy
|
515
|
70,436
|
||||||
Chevron
|
4,435
|
774,617
|
||||||
ConocoPhillips
|
2,944
|
330,788
|
||||||
Continental Resources
|
242
|
16,473
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Energy — continued
|
||||||||
Coterra Energy
|
1,776
|
$
|
60,970
|
|||||
Devon Energy
|
1,493
|
111,826
|
||||||
Diamondback Energy
|
399
|
60,656
|
||||||
EOG Resources
|
1,326
|
181,609
|
||||||
Exxon Mobil
|
9,684
|
929,664
|
||||||
Halliburton
|
1,877
|
76,018
|
||||||
Hess
|
661
|
81,349
|
||||||
Kinder Morgan
|
4,496
|
88,526
|
||||||
Marathon Oil
|
1,613
|
50,697
|
||||||
Marathon Petroleum
|
1,263
|
128,561
|
||||||
Occidental Petroleum
|
2,015
|
139,660
|
||||||
ONEOK
|
1,003
|
66,047
|
||||||
Phillips 66
|
1,088
|
109,681
|
||||||
Pioneer Natural Resources
|
522
|
145,085
|
||||||
Schlumberger
|
3,201
|
147,118
|
||||||
Valero Energy
|
925
|
119,880
|
||||||
Williams
|
2,751
|
101,952
|
||||||
3,864,077
|
||||||||
Financials — 10.7%
|
||||||||
Aflac
|
1,341
|
81,224
|
||||||
Allstate
|
617
|
84,338
|
||||||
American Express
|
1,267
|
213,895
|
||||||
American International Group
|
1,825
|
107,091
|
||||||
Ameriprise Financial
|
249
|
68,791
|
||||||
Aon, Cl A
|
461
|
127,084
|
||||||
Apollo Global Management
|
1,059
|
61,041
|
||||||
Arch Capital Group *
|
823
|
39,060
|
||||||
Ares Management, Cl A
|
336
|
23,913
|
||||||
Arthur J Gallagher
|
470
|
76,112
|
||||||
Bank of America
|
16,198
|
602,566
|
||||||
Bank of New York Mellon
|
1,647
|
76,767
|
||||||
Berkshire Hathaway, Cl B *
|
2,949
|
931,825
|
||||||
BlackRock, Cl A
|
332
|
222,135
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Financials — continued
|
||||||||
Blackstone, Cl A
|
1,575
|
$
|
185,519
|
|||||
Blue Owl Capital, Cl A
|
862
|
10,809
|
||||||
Brown & Brown
|
521
|
30,932
|
||||||
Capital One Financial
|
908
|
116,097
|
||||||
Charles Schwab
|
3,447
|
241,635
|
||||||
Chubb
|
828
|
174,948
|
||||||
Cincinnati Financial
|
347
|
44,367
|
||||||
Citigroup
|
4,471
|
238,796
|
||||||
Citizens Financial Group
|
1,111
|
45,973
|
||||||
CME Group, Cl A
|
808
|
160,655
|
||||||
Coinbase Global, Cl A *
|
307
|
23,977
|
||||||
Discover Financial Services
|
629
|
71,385
|
||||||
Fifth Third Bancorp
|
1,534
|
60,486
|
||||||
First Republic Bank
|
402
|
62,322
|
||||||
Franklin Resources
|
646
|
17,494
|
||||||
Goldman Sachs Group
|
773
|
252,655
|
||||||
Hartford Financial Services Group
|
743
|
53,875
|
||||||
Huntington Bancshares
|
3,203
|
44,458
|
||||||
Interactive Brokers Group, Cl A
|
203
|
12,493
|
||||||
Intercontinental Exchange
|
1,259
|
128,909
|
||||||
JPMorgan Chase
|
6,701
|
886,073
|
||||||
KeyCorp
|
2,064
|
41,197
|
||||||
KKR
|
1,288
|
70,595
|
||||||
Loews
|
462
|
30,256
|
||||||
M&T Bank
|
402
|
72,348
|
||||||
Markel *
|
30
|
41,083
|
||||||
Marsh & McLennan
|
1,138
|
182,023
|
||||||
MetLife
|
1,411
|
95,087
|
||||||
Moody’s
|
362
|
109,168
|
||||||
Morgan Stanley
|
3,102
|
267,206
|
||||||
MSCI, Cl A
|
178
|
78,738
|
||||||
Nasdaq
|
256
|
39,747
|
||||||
Northern Trust
|
448
|
50,064
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Financials — continued
|
||||||||
PNC Financial Services Group
|
946
|
$
|
165,938
|
|||||
Principal Financial Group
|
564
|
41,132
|
||||||
Progressive
|
1,324
|
158,059
|
||||||
Prudential Financial
|
851
|
90,419
|
||||||
Raymond James Financial
|
418
|
41,169
|
||||||
Regions Financial
|
2,101
|
46,411
|
||||||
Rocket, Cl A
|
217
|
1,968
|
||||||
S&P Global
|
788
|
275,390
|
||||||
Signature Bank NY
|
137
|
29,629
|
||||||
State Street
|
777
|
56,325
|
||||||
SVB Financial Group *
|
131
|
64,003
|
||||||
Synchrony Financial
|
1,133
|
41,966
|
||||||
T Rowe Price Group
|
505
|
64,180
|
||||||
Tradeweb Markets, Cl A
|
235
|
15,888
|
||||||
Travelers
|
541
|
96,861
|
||||||
Truist Financial
|
3,008
|
149,618
|
||||||
US Bancorp
|
3,024
|
160,484
|
||||||
Wells Fargo
|
8,794
|
402,501
|
||||||
Willis Towers Watson
|
252
|
53,190
|
||||||
8,612,343
|
||||||||
Health Care — 14.4%
|
||||||||
Abbott Laboratories
|
4,047
|
475,361
|
||||||
AbbVie
|
4,062
|
598,617
|
||||||
Agilent Technologies
|
677
|
86,358
|
||||||
Align Technology *
|
174
|
48,309
|
||||||
Alnylam Pharmaceuticals *
|
270
|
33,966
|
||||||
AmerisourceBergen, Cl A
|
343
|
53,093
|
||||||
Amgen
|
1,211
|
310,912
|
||||||
Anthem
|
548
|
279,266
|
||||||
Avantor *
|
1,234
|
39,537
|
||||||
Baxter International
|
1,137
|
86,469
|
||||||
Becton Dickinson
|
642
|
164,224
|
||||||
Biogen *
|
330
|
66,000
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Health Care — continued
|
||||||||
BioMarin Pharmaceutical *
|
410
|
$
|
30,803
|
|||||
Bio-Rad Laboratories, Cl A *
|
48
|
25,814
|
||||||
Boston Scientific *
|
3,235
|
132,667
|
||||||
Bristol-Myers Squibb
|
4,818
|
363,518
|
||||||
Catalent *
|
381
|
39,266
|
||||||
Centene *
|
1,295
|
105,465
|
||||||
Cerner
|
663
|
62,886
|
||||||
Charles River Laboratories International *
|
112
|
26,217
|
||||||
Cigna
|
727
|
195,047
|
||||||
Cooper
|
110
|
38,582
|
||||||
CVS Health
|
2,975
|
287,831
|
||||||
Danaher
|
1,479
|
390,190
|
||||||
Dexcom *
|
220
|
65,547
|
||||||
Edwards Lifesciences *
|
1,399
|
141,089
|
||||||
Elanco Animal Health *
|
991
|
23,487
|
||||||
Eli Lilly
|
1,948
|
610,581
|
||||||
Exact Sciences *
|
383
|
19,077
|
||||||
Gilead Sciences
|
2,847
|
184,628
|
||||||
HCA Healthcare
|
522
|
109,829
|
||||||
Hologic *
|
559
|
42,076
|
||||||
Horizon Therapeutics *
|
511
|
45,832
|
||||||
Humana
|
284
|
129,001
|
||||||
IDEXX Laboratories *
|
189
|
74,016
|
||||||
Illumina *
|
355
|
85,015
|
||||||
Incyte *
|
410
|
31,115
|
||||||
Insulet *
|
155
|
33,089
|
||||||
Intuitive Surgical *
|
813
|
185,071
|
||||||
IQVIA Holdings *
|
424
|
91,266
|
||||||
Johnson & Johnson
|
6,039
|
1,084,182
|
||||||
Laboratory Corp of America Holdings
|
210
|
51,811
|
||||||
McKesson
|
340
|
111,755
|
||||||
Medtronic
|
3,047
|
305,157
|
||||||
Merck
|
5,813
|
534,970
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Health Care — continued
|
||||||||
Mettler-Toledo International *
|
51
|
$
|
65,592
|
|||||
Moderna *
|
815
|
118,444
|
||||||
Molina Healthcare *
|
131
|
38,019
|
||||||
PerkinElmer
|
283
|
42,357
|
||||||
Pfizer
|
13,007
|
689,891
|
||||||
Quest Diagnostics
|
263
|
37,088
|
||||||
Regeneron Pharmaceuticals *
|
235
|
156,214
|
||||||
ResMed
|
328
|
66,735
|
||||||
Royalty Pharma, Cl A
|
757
|
31,143
|
||||||
Seagen *
|
305
|
41,382
|
||||||
STERIS
|
225
|
51,345
|
||||||
Stryker
|
751
|
176,110
|
||||||
Teleflex
|
105
|
30,213
|
||||||
Thermo Fisher Scientific
|
903
|
512,516
|
||||||
UnitedHealth Group
|
2,152
|
1,069,071
|
||||||
Veeva Systems, Cl A *
|
313
|
53,291
|
||||||
Vertex Pharmaceuticals *
|
579
|
155,548
|
||||||
Viatris, Cl W *
|
2,708
|
33,227
|
||||||
Waters *
|
136
|
44,601
|
||||||
West Pharmaceutical Services
|
166
|
51,523
|
||||||
Zimmer Biomet Holdings
|
472
|
56,739
|
||||||
Zoetis, Cl A
|
1,069
|
182,724
|
||||||
11,602,765
|
||||||||
Industrials — 7.4%
|
||||||||
3M
|
1,292
|
192,883
|
||||||
AMETEK
|
520
|
63,164
|
||||||
Boeing *
|
1,339
|
175,945
|
||||||
Carrier Global
|
1,924
|
75,632
|
||||||
Caterpillar
|
1,216
|
262,474
|
||||||
Cintas
|
195
|
77,674
|
||||||
Copart *
|
483
|
55,318
|
||||||
CoStar Group *
|
882
|
53,749
|
||||||
CSX
|
4,934
|
156,852
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Industrials — continued
|
||||||||
Cummins
|
320
|
$
|
66,918
|
|||||
Deere
|
636
|
227,548
|
||||||
Delta Air Lines *
|
1,440
|
60,034
|
||||||
Dover
|
323
|
43,253
|
||||||
Eaton
|
903
|
125,156
|
||||||
Emerson Electric
|
1,336
|
118,450
|
||||||
Equifax
|
276
|
55,912
|
||||||
Expeditors International of Washington
|
375
|
40,815
|
||||||
Fastenal
|
1,297
|
69,467
|
||||||
FedEx
|
543
|
121,947
|
||||||
Fortive
|
788
|
48,675
|
||||||
Generac Holdings *
|
141
|
34,838
|
||||||
General Dynamics
|
552
|
124,150
|
||||||
General Electric
|
2,477
|
193,924
|
||||||
HEICO
|
90
|
12,875
|
||||||
HEICO, Cl A
|
163
|
19,086
|
||||||
Honeywell International
|
1,554
|
300,885
|
||||||
IDEX
|
170
|
32,564
|
||||||
Illinois Tool Works
|
637
|
132,541
|
||||||
Ingersoll Rand
|
915
|
43,142
|
||||||
Jacobs Engineering Group
|
288
|
40,346
|
||||||
JB Hunt Transport Services
|
187
|
32,272
|
||||||
Johnson Controls International
|
1,586
|
86,453
|
||||||
L3Harris Technologies
|
436
|
105,032
|
||||||
Lockheed Martin
|
606
|
266,707
|
||||||
Lyft, Cl A *
|
617
|
10,909
|
||||||
Norfolk Southern
|
588
|
140,920
|
||||||
Northrop Grumman
|
318
|
148,814
|
||||||
Old Dominion Freight Line
|
235
|
60,686
|
||||||
Otis Worldwide
|
956
|
71,126
|
||||||
PACCAR
|
718
|
62,351
|
||||||
Parker-Hannifin
|
289
|
78,657
|
||||||
Quanta Services
|
317
|
37,723
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Industrials — continued
|
||||||||
Raytheon Technologies
|
3,386
|
$
|
322,076
|
|||||
Republic Services, Cl A
|
465
|
62,236
|
||||||
Rockwell Automation
|
262
|
55,858
|
||||||
Rollins
|
530
|
18,794
|
||||||
Southwest Airlines *
|
1,334
|
61,177
|
||||||
Stanley Black & Decker
|
367
|
43,559
|
||||||
Trane Technologies
|
525
|
72,482
|
||||||
TransDigm Group *
|
119
|
72,039
|
||||||
TransUnion
|
431
|
37,415
|
||||||
Uber Technologies *
|
4,074
|
94,517
|
||||||
Union Pacific
|
1,425
|
313,187
|
||||||
United Airlines Holdings *
|
724
|
34,484
|
||||||
United Parcel Service, Cl B
|
1,667
|
303,811
|
||||||
United Rentals *
|
162
|
48,305
|
||||||
Verisk Analytics, Cl A
|
355
|
62,097
|
||||||
Waste Management
|
941
|
149,158
|
||||||
Westinghouse Air Brake Technologies
|
392
|
37,028
|
||||||
WW Grainger
|
103
|
50,168
|
||||||
Xylem
|
403
|
33,953
|
||||||
6,000,211
|
||||||||
Information Technology — 28.2%
|
||||||||
Accenture, Cl A
|
1,530
|
456,644
|
||||||
Adobe *
|
1,090
|
453,963
|
||||||
Advanced Micro Devices *
|
3,670
|
373,826
|
||||||
Akamai Technologies *
|
355
|
35,869
|
||||||
Amphenol, Cl A
|
1,349
|
95,590
|
||||||
Analog Devices
|
1,185
|
199,554
|
||||||
ANSYS *
|
195
|
50,770
|
||||||
Apple
|
37,346
|
5,558,579
|
||||||
Applied Materials
|
2,001
|
234,697
|
||||||
AppLovin, Cl A *
|
240
|
9,146
|
||||||
Arista Networks *
|
534
|
54,618
|
||||||
Atlassian, Cl A *
|
317
|
56,210
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Information Technology — continued
|
||||||||
Autodesk *
|
492
|
$
|
102,213
|
|||||
Automatic Data Processing
|
953
|
212,462
|
||||||
Bentley Systems, Cl B
|
463
|
15,918
|
||||||
Bill.com Holdings *
|
218
|
25,776
|
||||||
Block, Cl A *
|
1,166
|
102,037
|
||||||
Broadcom
|
908
|
526,758
|
||||||
Broadridge Financial Solutions
|
261
|
38,163
|
||||||
Cadence Design Systems *
|
622
|
95,620
|
||||||
CDW
|
301
|
51,128
|
||||||
Cisco Systems
|
8,803
|
396,575
|
||||||
Cloudflare, Cl A *
|
557
|
31,192
|
||||||
Cognizant Technology Solutions, Cl A
|
1,185
|
88,520
|
||||||
Corning
|
1,726
|
61,825
|
||||||
Crowdstrike Holdings, Cl A *
|
463
|
74,075
|
||||||
Datadog, Cl A *
|
570
|
54,372
|
||||||
Dell Technologies, Cl C
|
619
|
30,913
|
||||||
DocuSign, Cl A *
|
433
|
36,333
|
||||||
Enphase Energy *
|
277
|
51,575
|
||||||
EPAM Systems *
|
124
|
41,977
|
||||||
Fidelity National Information Services
|
1,357
|
141,807
|
||||||
Fiserv *
|
1,342
|
134,442
|
||||||
FleetCor Technologies *
|
170
|
42,298
|
||||||
Fortinet *
|
309
|
90,889
|
||||||
Gartner *
|
180
|
47,232
|
||||||
Global Payments
|
633
|
82,948
|
||||||
GLOBALFOUNDRIES *
|
131
|
7,819
|
||||||
Hewlett Packard Enterprise
|
2,921
|
45,568
|
||||||
HP
|
2,383
|
92,556
|
||||||
HubSpot *
|
101
|
34,107
|
||||||
Intel
|
9,461
|
420,258
|
||||||
International Business Machines
|
2,042
|
283,511
|
||||||
Intuit
|
625
|
259,038
|
||||||
Keysight Technologies *
|
408
|
59,405
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Information Technology — continued
|
||||||||
KLA
|
340
|
$
|
124,049
|
|||||
Lam Research
|
316
|
164,330
|
||||||
Marvell Technology
|
1,914
|
113,213
|
||||||
Mastercard, Cl A
|
1,982
|
709,298
|
||||||
Microchip Technology
|
1,235
|
89,723
|
||||||
Micron Technology
|
2,531
|
186,889
|
||||||
Microsoft
|
16,920
|
4,600,040
|
||||||
MongoDB, Cl A *
|
142
|
33,675
|
||||||
Monolithic Power Systems
|
98
|
44,138
|
||||||
Motorola Solutions
|
378
|
83,062
|
||||||
NetApp
|
499
|
35,903
|
||||||
NVIDIA
|
6,462
|
1,206,585
|
||||||
Okta, Cl A *
|
327
|
27,157
|
||||||
ON Semiconductor *
|
974
|
59,102
|
||||||
Oracle
|
3,462
|
248,987
|
||||||
Palantir Technologies, Cl A *
|
3,859
|
33,496
|
||||||
Palo Alto Networks *
|
218
|
109,606
|
||||||
Paychex
|
730
|
90,396
|
||||||
Paycom Software *
|
115
|
32,699
|
||||||
PayPal Holdings *
|
2,636
|
224,614
|
||||||
Qorvo *
|
241
|
26,932
|
||||||
QUALCOMM
|
2,560
|
366,643
|
||||||
Qualtrics International, Cl A *
|
179
|
2,542
|
||||||
Roper Technologies
|
238
|
105,301
|
||||||
Salesforce *
|
2,177
|
348,843
|
||||||
Seagate Technology Holdings
|
460
|
38,948
|
||||||
ServiceNow *
|
453
|
211,764
|
||||||
Skyworks Solutions
|
362
|
39,411
|
||||||
Snowflake, Cl A *
|
598
|
76,335
|
||||||
Splunk *
|
358
|
36,716
|
||||||
SS&C Technologies Holdings
|
500
|
31,995
|
||||||
Synopsys *
|
345
|
110,124
|
||||||
Teledyne Technologies *
|
103
|
41,730
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Information Technology — continued
|
||||||||
Teradyne
|
362
|
$
|
39,552
|
|||||
Texas Instruments
|
2,098
|
370,842
|
||||||
Trade Desk, Cl A *
|
982
|
51,113
|
||||||
Trimble *
|
562
|
38,244
|
||||||
Twilio, Cl A *
|
379
|
39,859
|
||||||
Tyler Technologies *
|
92
|
32,735
|
||||||
Ubiquiti
|
10
|
2,616
|
||||||
Unity Software *
|
442
|
17,667
|
||||||
VeriSign *
|
216
|
37,703
|
||||||
Visa, Cl A
|
3,796
|
805,397
|
||||||
VMware, Cl A
|
470
|
60,207
|
||||||
Western Digital *
|
687
|
41,694
|
||||||
Workday, Cl A *
|
438
|
68,459
|
||||||
Zebra Technologies, Cl A *
|
118
|
39,906
|
||||||
Zoom Video Communications, Cl A *
|
479
|
51,469
|
||||||
Zscaler *
|
186
|
28,475
|
||||||
22,738,960
|
||||||||
Materials — 2.0%
|
||||||||
Air Products & Chemicals
|
501
|
123,326
|
||||||
Albemarle
|
264
|
68,751
|
||||||
Amcor
|
3,403
|
44,579
|
||||||
Ball
|
720
|
51,041
|
||||||
Celanese, Cl A
|
242
|
37,878
|
||||||
CF Industries Holdings
|
469
|
46,323
|
||||||
Corteva
|
1,623
|
101,632
|
||||||
Dow
|
1,665
|
113,187
|
||||||
DuPont de Nemours
|
1,052
|
71,378
|
||||||
Ecolab
|
576
|
94,412
|
||||||
Freeport-McMoRan
|
3,280
|
128,182
|
||||||
International Flavors & Fragrances
|
576
|
76,130
|
||||||
International Paper
|
841
|
40,747
|
||||||
LyondellBasell Industries, Cl A
|
579
|
66,151
|
||||||
Martin Marietta Materials
|
140
|
47,513
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Materials — continued
|
||||||||
Mosaic
|
813
|
$
|
50,934
|
|||||
Newmont
|
1,795
|
121,791
|
||||||
Nucor
|
604
|
80,006
|
||||||
PPG Industries
|
533
|
67,419
|
||||||
Sherwin-Williams
|
542
|
145,278
|
||||||
Vulcan Materials
|
293
|
48,307
|
||||||
1,624,965
|
||||||||
Real Estate — 2.7%
|
||||||||
Alexandria Real Estate Equities ‡
|
365
|
60,572
|
||||||
American Tower ‡
|
1,034
|
264,838
|
||||||
AvalonBay Communities ‡
|
311
|
64,676
|
||||||
Boston Properties ‡
|
321
|
35,689
|
||||||
CBRE Group, Cl A *
|
718
|
59,479
|
||||||
Crown Castle International ‡
|
979
|
185,667
|
||||||
Digital Realty Trust ‡
|
644
|
89,896
|
||||||
Duke Realty ‡
|
861
|
45,487
|
||||||
Equinix ‡
|
205
|
140,853
|
||||||
Equity Residential ‡
|
823
|
63,231
|
||||||
Essex Property Trust ‡
|
146
|
41,442
|
||||||
Extra Space Storage ‡
|
298
|
53,104
|
||||||
Healthpeak Properties ‡
|
1,209
|
35,895
|
||||||
Invitation Homes ‡
|
1,369
|
51,639
|
||||||
Mid-America Apartment Communities ‡
|
258
|
46,698
|
||||||
ProLogis ‡
|
1,675
|
213,529
|
||||||
Public Storage ‡
|
344
|
113,740
|
||||||
Realty Income ‡
|
1,352
|
92,233
|
||||||
SBA Communications, Cl A ‡
|
242
|
81,460
|
||||||
Simon Property Group ‡
|
738
|
84,612
|
||||||
Sun Communities ‡
|
257
|
42,181
|
||||||
UDR ‡
|
727
|
34,751
|
||||||
Ventas ‡
|
897
|
50,896
|
||||||
VICI Properties ‡
|
1,685
|
51,982
|
||||||
Welltower ‡
|
1,027
|
91,495
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Real Estate — continued
|
||||||||
Weyerhaeuser ‡
|
1,684
|
$
|
66,552
|
|||||
Zillow Group, Cl A *
|
88
|
3,516
|
||||||
Zillow Group, Cl C *
|
373
|
14,883
|
||||||
2,180,996
|
||||||||
Utilities — 2.9%
|
||||||||
AES
|
1,469
|
32,377
|
||||||
Alliant Energy
|
562
|
35,867
|
||||||
Ameren
|
579
|
55,115
|
||||||
American Electric Power
|
1,143
|
116,620
|
||||||
American Water Works
|
410
|
62,012
|
||||||
Avangrid
|
150
|
7,138
|
||||||
CenterPoint Energy
|
1,414
|
45,319
|
||||||
CMS Energy
|
651
|
46,247
|
||||||
Consolidated Edison
|
801
|
79,507
|
||||||
Constellation Energy
|
736
|
45,691
|
||||||
Dominion Energy
|
1,835
|
154,544
|
||||||
DTE Energy
|
435
|
57,729
|
||||||
Duke Energy
|
1,747
|
196,572
|
||||||
Edison International
|
860
|
60,123
|
||||||
Entergy
|
458
|
55,107
|
||||||
Evergy
|
503
|
35,180
|
||||||
Eversource Energy
|
772
|
71,271
|
||||||
Exelon
|
2,196
|
107,933
|
||||||
FirstEnergy
|
1,289
|
55,375
|
||||||
NextEra Energy
|
4,457
|
337,350
|
||||||
PG&E *
|
4,570
|
55,754
|
||||||
PPL
|
1,632
|
49,254
|
||||||
Public Service Enterprise Group
|
1,135
|
77,793
|
||||||
Sempra Energy
|
716
|
117,324
|
||||||
Southern
|
2,401
|
181,660
|
||||||
WEC Energy Group
|
713
|
74,915
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Adaptive U.S. Risk Management ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Utilities — continued
|
||||||||
Xcel Energy
|
1,231
|
$
|
92,743
|
|||||
2,306,520
|
||||||||
TOTAL UNITED STATES
|
79,819,097
|
|||||||
TOTAL COMMON STOCK
|
||||||||
(Cost $78,984,165)
|
80,445,857
|
|||||||
TOTAL INVESTMENTS — 99.9%
|
||||||||
(Cost $78,984,165)
|
$
|
80,445,857
|
*
|
Non-income producing security.
|
‡
|
Real Estate Investment Trust
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Founder-Run Companies ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — 99.9%
|
||||||||
UNITED STATES— 99.9%
|
||||||||
Communication Services — 7.8%
|
||||||||
Meta Platforms, Cl A *
|
542
|
$
|
104,953
|
|||||
Netflix *
|
571
|
112,738
|
||||||
Nexstar Media Group, Cl A
|
686
|
120,201
|
||||||
Pinterest, Cl A *
|
5,295
|
104,047
|
||||||
ROBLOX, Cl A *
|
3,546
|
106,167
|
||||||
Roku, Cl A *
|
1,170
|
111,033
|
||||||
Snap, Cl A *
|
3,850
|
54,324
|
||||||
ZoomInfo Technologies, Cl A *
|
2,291
|
92,533
|
||||||
Total Communication Services
|
805,996
|
|||||||
Consumer Discretionary — 8.3%
|
||||||||
Airbnb, Cl A *
|
715
|
86,422
|
||||||
Carvana, Cl A *
|
1,890
|
55,642
|
||||||
DoorDash, Cl A *
|
1,334
|
102,598
|
||||||
QuantumScape, Cl A *
|
7,334
|
93,802
|
||||||
Rivian Automotive, Cl A *
|
3,591
|
112,757
|
||||||
Skechers USA, Cl A *
|
2,837
|
111,778
|
||||||
Starbucks
|
1,456
|
114,296
|
||||||
Tesla *
|
125
|
94,783
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Founder-Run Companies ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Consumer Discretionary — continued
|
||||||||
Wayfair, Cl A *
|
1,424
|
$
|
84,571
|
|||||
Total Consumer Discretionary
|
856,649
|
|||||||
Energy — 3.8%
|
||||||||
Antero Resources *
|
3,086
|
132,327
|
||||||
New Fortress Energy, Cl A
|
2,803
|
130,592
|
||||||
Pioneer Natural Resources
|
468
|
130,076
|
||||||
Total Energy
|
392,995
|
|||||||
Financials — 15.6%
|
||||||||
Apollo Global Management
|
2,184
|
125,886
|
||||||
Ares Management, Cl A
|
1,641
|
116,790
|
||||||
BlackRock, Cl A
|
175
|
117,089
|
||||||
Blackstone, Cl A
|
1,070
|
126,035
|
||||||
Capital One Financial
|
872
|
111,494
|
||||||
Coinbase Global, Cl A *
|
971
|
75,835
|
||||||
Essent Group
|
2,681
|
114,720
|
||||||
Intercontinental Exchange
|
946
|
96,861
|
||||||
MarketAxess Holdings
|
412
|
116,052
|
||||||
Pinnacle Financial Partners
|
1,401
|
114,069
|
||||||
SEI Investments
|
1,950
|
113,939
|
||||||
Signature Bank NY
|
452
|
97,754
|
||||||
Starwood Property Trust ‡
|
4,749
|
113,454
|
||||||
Tradeweb Markets, Cl A
|
1,526
|
103,173
|
||||||
Upstart Holdings *
|
1,459
|
73,533
|
||||||
Total Financials
|
1,616,684
|
|||||||
Health Care — 15.5%
|
||||||||
Guardant Health *
|
1,774
|
72,699
|
||||||
Ionis Pharmaceuticals *
|
2,955
|
107,917
|
||||||
Jazz Pharmaceuticals *
|
678
|
101,483
|
||||||
LHC Group *
|
655
|
109,162
|
||||||
Masimo *
|
962
|
135,094
|
||||||
Medpace Holdings *
|
814
|
116,597
|
||||||
Neurocrine Biosciences *
|
1,207
|
112,842
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Founder-Run Companies ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Health Care — continued
|
||||||||
Oak Street Health *
|
6,006
|
$
|
113,393
|
|||||
Penumbra *
|
635
|
93,294
|
||||||
Regeneron Pharmaceuticals *
|
166
|
110,347
|
||||||
Royalty Pharma, Cl A
|
2,551
|
104,948
|
||||||
Seagen *
|
829
|
112,479
|
||||||
Ultragenyx Pharmaceutical *
|
1,550
|
72,695
|
||||||
United Therapeutics *
|
612
|
140,968
|
||||||
Veeva Systems, Cl A *
|
602
|
102,497
|
||||||
Total Health Care
|
1,606,415
|
|||||||
Industrials — 5.7%
|
||||||||
Axon Enterprise *
|
968
|
98,116
|
||||||
Clean Harbors *
|
1,044
|
97,510
|
||||||
CoStar Group *
|
1,707
|
104,025
|
||||||
FedEx
|
547
|
122,845
|
||||||
Lyft, Cl A *
|
3,368
|
59,546
|
||||||
XPO Logistics *
|
2,020
|
107,949
|
||||||
Total Industrials
|
589,991
|
|||||||
Information Technology — 28.4%
|
||||||||
Affirm Holdings, Cl A *
|
3,816
|
108,756
|
||||||
Akamai Technologies *
|
967
|
97,706
|
||||||
Avalara *
|
1,428
|
120,909
|
||||||
Block, Cl A *
|
1,101
|
96,348
|
||||||
Cloudflare, Cl A *
|
1,272
|
71,232
|
||||||
Crowdstrike Holdings, Cl A *
|
551
|
88,154
|
||||||
Datadog, Cl A *
|
907
|
86,519
|
||||||
Dell Technologies, Cl C
|
2,311
|
115,412
|
||||||
Dropbox, Cl A *
|
4,995
|
104,096
|
||||||
EPAM Systems *
|
410
|
138,793
|
||||||
FleetCor Technologies *
|
439
|
109,228
|
||||||
Fortinet *
|
376
|
110,597
|
||||||
Monolithic Power Systems
|
279
|
125,659
|
||||||
NVIDIA
|
586
|
109,418
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Founder-Run Companies ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Information Technology — continued
|
||||||||
Okta, Cl A *
|
918
|
$
|
76,240
|
|||||
Palantir Technologies, Cl A *
|
10,534
|
91,435
|
||||||
Paycom Software *
|
389
|
110,608
|
||||||
RingCentral, Cl A *
|
1,291
|
81,514
|
||||||
Salesforce *
|
617
|
98,868
|
||||||
SS&C Technologies Holdings
|
1,680
|
107,503
|
||||||
Synopsys *
|
379
|
120,977
|
||||||
Trade Desk, Cl A *
|
1,843
|
95,928
|
||||||
Twilio, Cl A *
|
971
|
102,120
|
||||||
Ubiquiti
|
388
|
101,485
|
||||||
VeriSign *
|
613
|
106,999
|
||||||
Workday, Cl A *
|
525
|
82,057
|
||||||
Zendesk *
|
898
|
82,122
|
||||||
Zoom Video Communications, Cl A *
|
1,091
|
117,228
|
||||||
Zscaler *
|
540
|
82,669
|
||||||
Total Information Technology
|
2,940,580
|
|||||||
Materials — 3.2%
|
||||||||
MP Materials *
|
2,856
|
112,612
|
||||||
Steel Dynamics
|
1,278
|
109,116
|
||||||
Westlake
|
859
|
113,482
|
||||||
Total Materials
|
335,210
|
|||||||
Real Estate — 11.6%
|
||||||||
American Campus Communities ‡
|
1,680
|
109,200
|
||||||
American Homes 4 Rent, Cl A ‡
|
2,742
|
101,344
|
||||||
Apartment Income REIT ‡
|
2,209
|
99,096
|
||||||
Camden Property Trust ‡
|
692
|
99,295
|
||||||
Invitation Homes ‡
|
2,728
|
102,900
|
||||||
Medical Properties Trust ‡
|
5,908
|
109,771
|
||||||
ProLogis ‡
|
684
|
87,196
|
||||||
Rexford Industrial Realty ‡
|
1,404
|
89,674
|
||||||
STAG Industrial ‡
|
2,911
|
96,936
|
||||||
STORE Capital ‡
|
3,821
|
105,421
|
Schedule of Investments
|
May 31, 2022 (Unaudited)
|
|
Global X Founder-Run Companies ETF
|
Shares
|
Value
|
|||||||
COMMON STOCK — continued
|
||||||||
Real Estate — continued
|
||||||||
Vornado Realty Trust ‡
|
2,806
|
$
|
98,098
|
|||||
Zillow Group, Cl C *
|
2,729
|
108,887
|
||||||
Total Real Estate
|
1,207,818
|
|||||||
TOTAL UNITED STATES
|
10,352,338
|
|||||||
TOTAL COMMON STOCK
|
||||||||
(Cost $12,989,097)
|
10,352,338
|
|||||||
TOTAL INVESTMENTS — 99.9%
|
||||||||
(Cost $12,989,097)
|
$
|
10,352,338
|
*
|
Non-income producing security.
|
‡
|
Real Estate Investment Trust
|
Statements of Assets and Liabilities
|
||
May 31, 2022 (Unaudited)
|
Global X Alternative Income ETF
|
Global X S&P 500® Quality Dividend ETF
|
Global X U.S. Preferred ETF
|
Global X Variable Rate Preferred ETF
|
|||||||||||||
Assets:
|
||||||||||||||||
Cost of Investments
|
$
|
8,411,741
|
$
|
60,210,297
|
$
|
2,442,498,241
|
$
|
178,671,349
|
||||||||
Cost of Repurchase Agreement
|
2,637,254
|
—
|
36,122,304
|
—
|
||||||||||||
Cost of Affiliated Investments
|
35,024,097
|
—
|
—
|
—
|
||||||||||||
Investments, at Value
|
$
|
10,448,334
|
*
|
$
|
60,455,268
|
$
|
2,151,452,874
|
*
|
$
|
168,282,956
|
||||||
Repurchase Agreement, at Value
|
2,637,254
|
—
|
36,122,304
|
—
|
||||||||||||
Affiliated Investments, at Value
|
29,353,583
|
—
|
—
|
—
|
||||||||||||
Cash
|
—
|
40,734
|
—
|
116,844
|
||||||||||||
Dividend, Interest, and Securities Lending Income Receivable
|
106,763
|
167,363
|
13,787,055
|
736,194
|
||||||||||||
Receivable for Capital Shares Sold
|
—
|
—
|
3,370,058
|
1,748,082
|
||||||||||||
Receivable for Investment Securities Sold
|
—
|
—
|
22,548,443
|
6,492,068
|
||||||||||||
Total Assets
|
42,545,934
|
60,663,365
|
2,227,280,734
|
177,376,144
|
||||||||||||
Liabilities:
|
||||||||||||||||
Obligation to Return Securities Lending Collateral
|
5,476,290
|
—
|
75,008,396
|
—
|
||||||||||||
Payable due to Investment Adviser
|
4,378
|
9,800
|
397,171
|
33,074
|
||||||||||||
Payable for Investment Securities Purchased
|
—
|
—
|
27,890,403
|
8,259,920
|
||||||||||||
Payable for Capital Shares Redeemed
|
—
|
—
|
3,129,272
|
—
|
||||||||||||
Cash Overdraft
|
71,364
|
—
|
560,697
|
—
|
||||||||||||
Custodian Fees Payable
|
22
|
27
|
3,010
|
88
|
||||||||||||
Total Liabilities
|
5,552,054
|
9,827
|
106,988,949
|
8,293,082
|
||||||||||||
Net Assets
|
$
|
36,993,880
|
$
|
60,653,538
|
$
|
2,120,291,785
|
$
|
169,083,062
|
||||||||
Net Assets Consist of:
|
||||||||||||||||
Paid-in Capital
|
$
|
42,675,783
|
$
|
59,962,500
|
$
|
2,442,529,436
|
$
|
181,089,304
|
||||||||
Total Distributable Earnings/(Loss)
|
(5,681,903
|
)
|
691,038
|
(322,237,651
|
)
|
(12,006,242
|
)
|
|||||||||
Net Assets
|
$
|
36,993,880
|
$
|
60,653,538
|
$
|
2,120,291,785
|
$
|
169,083,062
|
||||||||
Outstanding Shares of Beneficial Interest
|
||||||||||||||||
(unlimited authorization — no par value)
|
3,020,000
|
1,810,002
|
94,860,000
|
6,780,000
|
||||||||||||
Net Asset Value, Offering and Redemption Price Per Share
|
$
|
12.25
|
$
|
33.51
|
$
|
22.35
|
$
|
24.94
|
||||||||
*Includes Market Value of Securities on Loan
|
$
|
5,337,063
|
$
|
—
|
$
|
73,472,443
|
$
|
—
|
Statements of Assets and Liabilities
|
||
May 31, 2022 (Unaudited)
|
Global X MLP ETF
|
Global X MLP & Energy Infrastructure ETF
|
Global X Conscious Companies ETF
|
||||||||||
Assets:
|
||||||||||||
Cost of Investments
|
$
|
808,679,532
|
$
|
751,894,068
|
$
|
658,744,594
|
||||||
Cost of Repurchase Agreement
|
—
|
4,173,406
|
—
|
|||||||||
Investments, at Value
|
$
|
1,282,996,015
|
$
|
1,036,322,550
|
*
|
$
|
652,477,528
|
|||||
Repurchase Agreement, at Value
|
—
|
4,173,406
|
—
|
|||||||||
Cash
|
2,065,452
|
606,484
|
1,086,067
|
|||||||||
Foreign Currency, at Value
|
—
|
1,231
|
—
|
|||||||||
Receivable for Investment Securities Sold
|
74,752,273
|
33,140,417
|
—
|
|||||||||
Dividend, Interest, and Securities Lending Income Receivable
|
7,871
|
1,260,851
|
850,161
|
|||||||||
Receivable for Capital Shares Sold
|
—
|
1,752,254
|
—
|
|||||||||
Reclaim Receivable
|
—
|
579,714
|
—
|
|||||||||
Prepaid Tax Asset
|
2,907,007
|
—
|
—
|
|||||||||
Total Assets
|
1,362,728,618
|
1,077,836,907
|
654,413,756
|
|||||||||
Liabilities:
|
||||||||||||
Obligation to Return Securities Lending Collateral
|
—
|
8,666,128
|
—
|
|||||||||
Payable for Investment Securities Purchased
|
66,944,223
|
35,532,919
|
—
|
|||||||||
Payable for Capital Shares Redeemed
|
6,768,820
|
—
|
—
|
|||||||||
Payable due to Investment Adviser
|
470,901
|
373,793
|
234,553
|
|||||||||
Custodian Fees Payable
|
422
|
82
|
—
|
|||||||||
Franchise Tax Payable
|
11,699
|
—
|
—
|
|||||||||
Other Accrued Expenses
|
8,596
|
—
|
—
|
|||||||||
Deferred Tax Liability
|
12,714,980
|
—
|
—
|
|||||||||
Total Liabilities
|
86,919,641
|
44,572,922
|
234,553
|
|||||||||
Net Assets
|
$
|
1,275,808,977
|
$
|
1,033,263,985
|
$
|
654,179,203
|
||||||
Net Assets Consist of:
|
||||||||||||
Paid-in Capital
|
$
|
1,299,031,758
|
$
|
973,895,691
|
$
|
644,246,154
|
||||||
Total Distributable Earnings/(Loss)
|
(23,222,781
|
)
|
59,368,294
|
9,933,049
|
||||||||
Net Assets
|
$
|
1,275,808,977
|
$
|
1,033,263,985
|
$
|
654,179,203
|
||||||
Outstanding Shares of Beneficial Interest
|
||||||||||||
(unlimited authorization — no par value)
|
30,158,637
|
23,587,506
|
22,330,000
|
|||||||||
Net Asset Value, Offering and Redemption Price Per Share
|
$
|
42.30
|
$
|
43.81
|
$
|
29.30
|
||||||
*Includes Market Value of Securities on Loan
|
$
|
—
|
$
|
8,369,112
|
$
|
—
|
Statements of Assets and Liabilities
|
||
May 31, 2022 (Unaudited)
|
Global X Adaptive U.S. Factor ETF
|
Global X Adaptive U.S. Risk Management ETF
|
Global X Founder-Run Companies ETF
|
||||||||||
Assets:
|
||||||||||||
Cost of Investments
|
$
|
162,938,104
|
$
|
78,984,165
|
$
|
12,989,097
|
||||||
Investments, at Value
|
$
|
172,107,184
|
$
|
80,445,857
|
$
|
10,352,338
|
||||||
Cash
|
55,567
|
454,309
|
10,918
|
|||||||||
Dividend, Interest, and Securities Lending Income Receivable
|
336,805
|
19,746
|
5,569
|
|||||||||
Reclaim Receivable
|
1,608
|
280
|
—
|
|||||||||
Total Assets
|
172,501,164
|
80,920,192
|
10,368,825
|
|||||||||
Liabilities:
|
||||||||||||
Payable due to Investment Adviser
|
38,543
|
27,365
|
3,973
|
|||||||||
Payable for Investment Securities Purchased
|
—
|
387,804
|
—
|
|||||||||
Custodian Fees Payable
|
2
|
—
|
—
|
|||||||||
Total Liabilities
|
38,545
|
415,169
|
3,973
|
|||||||||
Net Assets
|
$
|
172,462,619
|
$
|
80,505,023
|
$
|
10,364,852
|
||||||
Net Assets Consist of:
|
||||||||||||
Paid-in Capital
|
$
|
166,634,241
|
$
|
97,593,879
|
$
|
14,692,349
|
||||||
Total Distributable Earnings/(Loss)
|
5,828,378
|
(17,088,856
|
)
|
(4,327,497
|
)
|
|||||||
Net Assets
|
$
|
172,462,619
|
$
|
80,505,023
|
$
|
10,364,852
|
||||||
Outstanding Shares of Beneficial Interest
|
||||||||||||
(unlimited authorization — no par value)
|
5,610,002
|
3,060,000
|
410,000
|
|||||||||
Net Asset Value, Offering and Redemption Price Per Share
|
$
|
30.74
|
$
|
26.31
|
$
|
25.28
|
Statements of Operations
|
||
For the period ended May 31, 2022 (Unaudited)
|
Global X Alternative Income ETF
|
Global X S&P 500® Quality Dividend ETF
|
Global X U.S. Preferred ETF
|
Global X Variable Rate Preferred ETF
|
|||||||||||||
Investment Income:
|
||||||||||||||||
Dividend Income
|
$
|
78,698
|
$
|
611,190
|
$
|
61,587,287
|
$
|
3,532,983
|
||||||||
Dividend Income, from Affiliated Investments
|
1,172,560
|
—
|
—
|
—
|
||||||||||||
Interest Income
|
8
|
—
|
2,121
|
—
|
||||||||||||
Security Lending Income
|
6,776
|
—
|
622,689
|
—
|
||||||||||||
Less: Foreign Taxes Withheld
|
—
|
(136
|
)
|
(6,596
|
)
|
—
|
||||||||||
Total Investment Income
|
1,258,042
|
611,054
|
62,205,501
|
3,532,983
|
||||||||||||
Supervision and Administration Fees(1)
|
92,138
|
37,649
|
2,655,127
|
150,699
|
||||||||||||
Custodian Fees(2)
|
62
|
80
|
6,805
|
346
|
||||||||||||
Total Expenses
|
92,200
|
37,729
|
2,661,932
|
151,045
|
||||||||||||
Reimbursement from Adviser(3)
|
(65,072
|
)
|
—
|
—
|
—
|
|||||||||||
Net Expenses
|
27,128
|
37,729
|
2,661,932
|
151,045
|
||||||||||||
Net Investment Income
|
1,230,914
|
573,325
|
59,543,569
|
3,381,938
|
||||||||||||
Net Realized Gain (Loss) on:
|
||||||||||||||||
Investments(4)
|
456,882
|
1,099,408
|
(23,242,728
|
)
|
(2,086,967
|
)
|
||||||||||
Affiliated Investments
|
13,505
|
—
|
—
|
—
|
||||||||||||
Capital Gain Distribution from Affiliated Investments
|
3,307
|
—
|
—
|
—
|
||||||||||||
Net Realized Gain (Loss) on Investments
|
473,694
|
1,099,408
|
(23,242,728
|
)
|
(2,086,967
|
)
|
||||||||||
Net Change in Unrealized Appreciation (Depreciation) on:
|
||||||||||||||||
Investments
|
939,767
|
15,400
|
(261,856,744
|
)
|
(8,057,635
|
)
|
||||||||||
Affiliated Investments
|
(3,883,084
|
)
|
—
|
—
|
—
|
|||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments
|
(2,943,317
|
)
|
15,400
|
(261,856,744
|
)
|
(8,057,635
|
)
|
|||||||||
Net Realized and Unrealized Gain (Loss) on Investments
|
(2,469,623
|
)
|
1,114,808
|
(285,099,472
|
)
|
(10,144,602
|
)
|
|||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
$
|
(1,238,709
|
)
|
$
|
1,688,133
|
$
|
(225,555,903
|
)
|
$
|
(6,762,664
|
)
|
(1)
|
The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See
Note 3 in Notes to Financial Statements.)
|
(2)
|
See Note 2 in the Notes to Financial Statements.
|
(3)
|
See Note 3 in the Notes to Financial Statements.
|
(4)
|
Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)
|
Statements of Operations
|
||
For the period ended May 31, 2022 (Unaudited)
|
Global X MLP ETF
|
Global X MLP & Energy Infrastructure ETF
|
Global X Conscious Companies ETF
|
||||||||||
Investment Income:
|
||||||||||||
Distributions from Master Limited Partnerships
|
$
|
40,950,860
|
$
|
—
|
$
|
—
|
||||||
Less: Return of Capital Distributions
|
(40,950,860
|
)
|
—
|
—
|
||||||||
Dividend Income
|
1,551,669
|
18,350,658
|
4,692,368
|
|||||||||
Interest Income
|
662
|
74
|
109
|
|||||||||
Security Lending Income
|
—
|
6,085
|
—
|
|||||||||
Less: Foreign Taxes Withheld
|
—
|
(868,698
|
)
|
(9,196
|
)
|
|||||||
Total Investment Income
|
1,552,331
|
17,488,119
|
4,683,281
|
|||||||||
Supervision and Administration Fees(1)
|
2,520,911
|
1,975,100
|
1,425,668
|
|||||||||
Custodian Fees(2)
|
17,777
|
902
|
28
|
|||||||||
Net Expenses
|
2,538,688
|
1,976,002
|
1,425,696
|
|||||||||
Net Investment Income (Loss), Before Taxes
|
(986,357
|
)
|
15,512,117
|
3,257,585
|
||||||||
Tax Benefit/(Expense), net of valuation allowance
|
31,379
|
–
|
–
|
|||||||||
Net Investment Income (Loss), Net of Taxes
|
(954,978
|
)
|
15,512,117
|
3,257,585
|
||||||||
Net Realized Gain (Loss) on:
|
||||||||||||
Investments(3)
|
54,052,938
|
18,494,660
|
16,301,761
|
|||||||||
Foreign Currency Transactions
|
—
|
1
|
—
|
|||||||||
Tax Benefit/(Expense), Net of Valuation Allowance
|
(1,719,598
|
)
|
—
|
—
|
||||||||
Net Realized Gain on Investments, Foreign Currency Transactions
|
52,333,340
|
18,494,661
|
16,301,761
|
|||||||||
Net Change in Unrealized Appreciation (Depreciation) on:
|
||||||||||||
Investments
|
255,232,168
|
188,300,432
|
(91,815,964
|
)
|
||||||||
Foreign Currency Translations
|
—
|
22
|
—
|
|||||||||
Tax Benefit/(Expense), Net of Valuation Allowance
|
(8,119,754
|
)
|
—
|
—
|
||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments, Foreign Currency Translations
|
247,112,414
|
188,300,454
|
(91,815,964
|
)
|
||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Foreign Currency Translations
|
299,445,754
|
206,795,115
|
(75,514,203
|
)
|
||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
$
|
298,490,776
|
$
|
222,307,232
|
$
|
(72,256,618
|
)
|
(1)
|
The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See
Note 3 in Notes to Financial Statements.)
|
(2)
|
See Note 2 in the Notes to Financial Statements.
|
(3)
|
Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)
|
Statements of Operations
|
||
For the period ended May 31, 2022 (Unaudited)
|
Global X Adaptive U.S. Factor ETF
|
Global X Adaptive U.S. Risk Management ETF
|
Global X Founder-Run Companies ETF
|
||||||||||
Investment Income:
|
||||||||||||
Dividend Income
|
$
|
2,112,097
|
$
|
330,853
|
$
|
56,962
|
||||||
Interest Income
|
—
|
419,711
|
3
|
|||||||||
Less: Foreign Taxes Withheld
|
751
|
454
|
—
|
|||||||||
Total Investment Income
|
2,112,848
|
751,018
|
56,965
|
|||||||||
Supervision and Administration Fees(1)
|
237,669
|
195,819
|
29,344
|
|||||||||
Custodian Fees(2)
|
130
|
14
|
5
|
|||||||||
Total Expenses
|
237,799
|
195,833
|
29,349
|
|||||||||
Net Investment Income
|
1,875,049
|
555,185
|
27,616
|
|||||||||
Net Realized Gain (Loss) on:
|
||||||||||||
Investments(3)
|
5,680,284
|
(17,836,971
|
)
|
(1,400,974
|
)
|
|||||||
Net Realized Gain (Loss) on Investments
|
5,680,284
|
(17,836,971
|
)
|
(1,400,974
|
)
|
|||||||
Net Change in Unrealized Appreciation (Depreciation) on:
|
||||||||||||
Investments
|
270,639
|
2,905,019
|
(2,737,402
|
)
|
||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments
|
270,639
|
2,905,019
|
(2,737,402
|
)
|
||||||||
Net Realized and Unrealized Gain (Loss) on Investments
|
5,950,923
|
(14,931,952
|
)
|
(4,138,376
|
)
|
|||||||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
$
|
7,825,972
|
$
|
(14,376,767
|
)
|
$
|
(4,110,760
|
)
|
(1)
|
The Supervision and Administration fees reflect the supervisory and administrative fee, which includes fees paid by the Funds for the investment advisory services provided by the Adviser. (See
Note 3 in Notes to Financial Statements.)
|
(2)
|
See Note 2 in the Notes to Financial Statements.
|
(3)
|
Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)
|
Statements of Changes in Net Assets
|
||
Global X Alternative Income ETF
|
Global X S&P 500® Quality Dividend ETF
|
|||||||||||||||
Period Ended May 31, 2022
(Unaudited) |
Year Ended November 30, 2021
|
Period Ended May 31, 2022
(Unaudited) |
Year Ended November 30, 2021
|
|||||||||||||
Operations:
|
||||||||||||||||
Net Investment Income
|
$
|
1,230,914
|
$
|
1,089,075
|
$
|
573,325
|
$
|
222,968
|
||||||||
Net Realized Gain on Investments (1)
|
473,694
|
3,066,455
|
1,099,408
|
1,519,036
|
||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments
|
(2,943,317
|
)
|
532,872
|
15,400
|
(214,312
|
)
|
||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(1,238,709
|
)
|
4,688,402
|
1,688,133
|
1,527,692
|
|||||||||||
Distributions
|
(1,401,724
|
)
|
(1,353,663
|
)
|
(468,991
|
)
|
(224,212
|
)
|
||||||||
Return of Capital
|
—
|
(578,074
|
)
|
—
|
—
|
|||||||||||
Capital Share Transactions:
|
||||||||||||||||
Issued
|
6,027,152
|
21,228,614
|
57,689,790
|
7,407,813
|
||||||||||||
Redeemed
|
(2,313,585
|
)
|
(7,637,384
|
)
|
(7,870,829
|
)
|
(5,396,072
|
)
|
||||||||
Increase in Net Assets from Capital Share Transactions
|
3,713,567
|
13,591,230
|
49,818,961
|
2,011,741
|
||||||||||||
Total Increase in Net Assets
|
1,073,134
|
16,347,895
|
51,038,103
|
3,315,221
|
||||||||||||
Net Assets:
|
||||||||||||||||
Beginning of Year/Period
|
35,920,746
|
19,572,851
|
9,615,435
|
6,300,214
|
||||||||||||
End of Year/Period
|
$
|
36,993,880
|
$
|
35,920,746
|
$
|
60,653,538
|
$
|
9,615,435
|
||||||||
Share Transactions:
|
||||||||||||||||
Issued
|
470,000
|
1,600,000
|
1,740,000
|
240,000
|
||||||||||||
Redeemed
|
(180,000
|
)
|
(570,000
|
)
|
(240,000
|
)
|
(180,000
|
)
|
||||||||
Net Increase in Shares Outstanding from Share Transactions
|
290,000
|
1,030,000
|
1,500,000
|
60,000
|
(1)
|
Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)
|
Statements of Changes in Net Assets
|
||
Global X U.S. Preferred ETF
|
Global X Variable Rate Preferred ETF
|
|||||||||||||||
Period Ended May 31, 2022
(Unaudited) |
Year Ended November 30, 2021
|
Period Ended May 31, 2022
(Unaudited) |
Year Ended November 30, 2021
|
|||||||||||||
Operations:
|
||||||||||||||||
Net Investment Income
|
$
|
59,543,569
|
$
|
89,775,833
|
$
|
3,381,938
|
$
|
1,694,679
|
||||||||
Net Realized Gain (Loss) on Investments (1)
|
(23,242,728
|
)
|
17,346,431
|
(2,086,967
|
)
|
463,555
|
||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments
|
(261,856,744
|
)
|
(54,576,713
|
)
|
(8,057,635
|
)
|
(2,428,772
|
)
|
||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(225,555,903
|
)
|
52,545,551
|
(6,762,664
|
)
|
(270,538
|
)
|
|||||||||
Distributions
|
(64,229,340
|
)
|
(89,185,080
|
)
|
(3,288,150
|
)
|
(1,427,978
|
)
|
||||||||
Return of Capital
|
—
|
—
|
—
|
(167,337
|
)
|
|||||||||||
Capital Share Transactions:
|
||||||||||||||||
Issued
|
261,565,968
|
1,718,401,660
|
126,386,896
|
97,594,459
|
||||||||||||
Redeemed
|
(309,511,132
|
)
|
(92,290,075
|
)
|
(36,470,389
|
)
|
(7,859,878
|
)
|
||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions
|
(47,945,164
|
)
|
1,626,111,585
|
89,916,507
|
89,734,581
|
|||||||||||
Total Increase (Decrease) in Net Assets
|
(337,730,407
|
)
|
1,589,472,056
|
79,865,693
|
87,868,728
|
|||||||||||
Net Assets:
|
||||||||||||||||
Beginning of Year/Period
|
2,458,022,192
|
868,550,136
|
89,217,369
|
1,348,641
|
||||||||||||
End of Year/Period
|
$
|
2,120,291,785
|
$
|
2,458,022,192
|
$
|
169,083,062
|
$
|
89,217,369
|
||||||||
Share Transactions:
|
||||||||||||||||
Issued
|
10,790,000
|
66,860,000
|
4,930,000
|
3,500,000
|
||||||||||||
Redeemed
|
(13,440,000
|
)
|
(3,600,000
|
)
|
(1,420,000
|
)
|
(280,000
|
)
|
||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions
|
(2,650,000
|
)
|
63,260,000
|
3,510,000
|
3,220,000
|
(1)
|
Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)
|
Statements of Changes in Net Assets
|
||
Global X MLP ETF
|
Global X MLP & Energy Infrastructure ETF
|
|||||||||||||||
Period Ended May 31, 2022
(Unaudited) |
Year Ended November 30, 2021
|
Period Ended May 31, 2022
(Unaudited) |
Year Ended November 30, 2021
|
|||||||||||||
Operations:
|
||||||||||||||||
Net Investment Income (Loss)
|
$
|
(954,978
|
)
|
$
|
(1,740,541
|
)
|
$
|
15,512,117
|
$
|
8,940,882
|
||||||
Net Realized Gain (Loss) on Investments, Foreign Currency Transactions (1)
|
52,333,340
|
(24,709,425
|
)
|
18,494,661
|
31,688,781
|
|||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments, Foreign Currency Translations
|
247,112,414
|
262,177,887
|
188,300,454
|
192,051,800
|
||||||||||||
Net Increase in Net Assets Resulting from Operations
|
298,490,776
|
235,727,921
|
222,307,232
|
232,681,463
|
||||||||||||
Distributions
|
(42,581,489
|
)
|
—
|
(23,637,210
|
)
|
(22,548,205
|
)
|
|||||||||
Return of Capital
|
—
|
(80,150,843
|
)
|
—
|
(22,509,388
|
)
|
||||||||||
Capital Share Transactions:
|
||||||||||||||||
Issued
|
274,629,060
|
237,875,194
|
165,526,556
|
226,639,862
|
||||||||||||
Redeemed
|
(247,664,852
|
)
|
(88,093,480
|
)
|
(69,024,804
|
)
|
(214,515,108
|
)
|
||||||||
Increase in Net Assets from Capital Share Transactions
|
26,964,208
|
149,781,714
|
96,501,752
|
12,124,754
|
||||||||||||
Total Increase in Net Assets
|
282,873,495
|
305,358,792
|
295,171,774
|
199,748,624
|
||||||||||||
Net Assets:
|
||||||||||||||||
Beginning of Year/Period
|
992,935,482
|
687,576,690
|
738,092,211
|
538,343,587
|
||||||||||||
End of Year/Period
|
$
|
1,275,808,977
|
$
|
992,935,482
|
$
|
1,033,263,985
|
$
|
738,092,211
|
||||||||
Share Transactions:
|
||||||||||||||||
Issued
|
6,820,000
|
6,810,000
|
4,160,000
|
6,860,000
|
||||||||||||
Redeemed
|
(6,220,000
|
)
|
(2,970,000
|
)
|
(1,730,000
|
)
|
(5,950,000
|
)
|
||||||||
Net Increase in Shares Outstanding from Share Transactions
|
600,000
|
3,840,000
|
2,430,000
|
910,000
|
(1)
|
Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)
|
Statements of Changes in Net Assets
|
||
Global X Conscious Companies ETF
|
Global X Adaptive U.S. Factor ETF
|
|||||||||||||||
Period Ended May 31, 2022
(Unaudited) |
Year Ended November 30, 2021
|
Period Ended May 31, 2022
(Unaudited) |
Year Ended November 30, 2021
|
|||||||||||||
Operations:
|
||||||||||||||||
Net Investment Income
|
$
|
3,257,585
|
$
|
4,842,693
|
$
|
1,875,049
|
$
|
3,535,627
|
||||||||
Net Realized Gain on Investments (1)
|
16,301,761
|
81,365,114
|
5,680,284
|
29,215,810
|
||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments
|
(91,815,964
|
)
|
18,829,589
|
270,639
|
766,875
|
|||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(72,256,618
|
)
|
105,037,396
|
7,825,972
|
33,518,312
|
|||||||||||
Distributions
|
(4,785,158
|
)
|
(4,254,673
|
)
|
(2,263,173
|
)
|
(4,080,634
|
)
|
||||||||
Return of Capital
|
—
|
—
|
—
|
(298,947
|
)
|
|||||||||||
Capital Share Transactions:
|
||||||||||||||||
Issued
|
133,946,425
|
333,414,724
|
28,826,628
|
37,224,536
|
||||||||||||
Redeemed
|
(57,489,913
|
)
|
(182,932,213
|
)
|
(33,934,312
|
)
|
(38,840,101
|
)
|
||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions
|
76,456,512
|
150,482,511
|
(5,107,684
|
)
|
(1,615,565
|
)
|
||||||||||
Total Increase (Decrease) in Net Assets
|
(585,264
|
)
|
251,265,234
|
455,115
|
27,523,166
|
|||||||||||
Net Assets:
|
||||||||||||||||
Beginning of Year/Period
|
654,764,467
|
403,499,233
|
172,007,504
|
144,484,338
|
||||||||||||
End of Year/Period
|
$
|
654,179,203
|
$
|
654,764,467
|
$
|
172,462,619
|
$
|
172,007,504
|
||||||||
Share Transactions:
|
||||||||||||||||
Issued
|
4,250,000
|
10,500,000
|
940,000
|
1,400,000
|
||||||||||||
Redeemed
|
(1,780,000
|
)
|
(5,890,000
|
)
|
(1,090,000
|
)
|
(1,440,000
|
)
|
||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions
|
2,470,000
|
4,610,000
|
(150,000
|
)
|
(40,000
|
)
|
(1)
|
Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)
|
Statements of Changes in Net Assets
|
||
Global X Adaptive U.S. Risk Management ETF
|
Global X Founder-Run Companies ETF
|
|||||||||||||||
Period Ended May 31, 2022
(Unaudited) |
Period Ended November 30, 2021(1)
|
Period Ended May 31, 2022
(Unaudited) |
Year Ended November 30, 2021
|
|||||||||||||
Operations:
|
||||||||||||||||
Net Investment Income
|
$
|
555,185
|
$
|
674,406
|
$
|
27,616
|
$
|
64,400
|
||||||||
Net Realized Gain (Loss) on Investments (2)
|
(17,836,971
|
)
|
12,780,557
|
(1,400,974
|
)
|
2,412,957
|
||||||||||
Net Change in Unrealized Appreciation (Depreciation) on Investments
|
2,905,019
|
(1,443,327
|
)
|
(2,737,402
|
)
|
(1,000,519
|
)
|
|||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(14,376,767
|
)
|
12,011,636
|
(4,110,760
|
)
|
1,476,838
|
||||||||||
Distributions
|
(501,079
|
)
|
(241,843
|
)
|
(27,728
|
)
|
(67,743
|
)
|
||||||||
Capital Share Transactions:
|
||||||||||||||||
Issued
|
19,017,491
|
184,056,392
|
—
|
14,648,680
|
||||||||||||
Redeemed
|
(28,209,112
|
)
|
(91,251,695
|
)
|
(1,338,477
|
)
|
(5,948,213
|
)
|
||||||||
Increase (Decrease) in Net Assets from Capital Share Transactions
|
(9,191,621
|
)
|
92,804,697
|
(1,338,477
|
)
|
8,700,467
|
||||||||||
Total Increase (Decrease) in Net Assets
|
(24,069,467
|
)
|
104,574,490
|
(5,476,965
|
)
|
10,109,562
|
||||||||||
Net Assets:
|
||||||||||||||||
Beginning of Year/Period
|
104,574,490
|
—
|
15,841,817
|
5,732,255
|
||||||||||||
End of Year/Period
|
$
|
80,505,023
|
$
|
104,574,490
|
$
|
10,364,852
|
$
|
15,841,817
|
||||||||
Share Transactions:
|
||||||||||||||||
Issued
|
650,000
|
6,600,000
|
—
|
430,000
|
||||||||||||
Redeemed
|
(1,090,000
|
)
|
(3,100,000
|
)
|
(50,000
|
)
|
(170,000
|
)
|
||||||||
Net Increase (Decrease) in Shares Outstanding from Share Transactions
|
(440,000
|
)
|
3,500,000
|
(50,000
|
)
|
260,000
|
(1)
|
The Fund commenced operations on January 12, 2021.
|
(2)
|
Includes realized gains (losses) as a result of in-kind redemptions. (See Note 4 in Notes to Financial Statements.)
|
Financial Highlights
|
||
Net Asset Value, Beginning of Period ($)
|
Net Investment Income ($)*
|
Net Realized and Unrealized Gain (Loss) on Investments ($)
|
Total from Operations ($)
|
Distribution from Net Investment Income ($)
|
Distribution from Capital Gains ($)
|
|||||||||||||||||||
Global X Alternative Income ETF
|
||||||||||||||||||||||||
2022 (Unaudited)
|
13.16
|
0.43
|
(0.85
|
)
|
(0.42
|
)
|
(0.49
|
)
|
—
|
|||||||||||||||
2021
|
11.51
|
0.49
|
2.05
|
2.54
|
(0.62
|
)
|
—
|
|||||||||||||||||
2020
|
14.74
|
0.66
|
(2.64
|
)
|
(1.98
|
)
|
(0.98
|
)
|
(0.15
|
)
|
||||||||||||||
2019
|
14.52
|
0.94
|
0.44
|
1.38
|
(1.07
|
)
|
(0.09
|
)
|
||||||||||||||||
2018
|
15.40
|
0.92
|
(0.64
|
)
|
0.28
|
(1.16
|
)
|
—
|
||||||||||||||||
2017
|
14.65
|
1.04
|
0.85
|
1.89
|
(1.01
|
)
|
—
|
|||||||||||||||||
Global X S&P 500® Quality Dividend ETF
|
||||||||||||||||||||||||
2022 (Unaudited)
|
31.02
|
0.50
|
2.42
|
2.92
|
(0.43
|
)
|
—
|
|||||||||||||||||
2021
|
25.20
|
0.78
|
5.84
|
6.62
|
(0.80
|
)
|
—
|
|||||||||||||||||
2020
|
26.51
|
0.75
|
(1.24
|
)
|
(0.49
|
)
|
(0.82
|
)
|
—
|
|||||||||||||||
2019
|
24.60
|
0.75
|
1.89
|
2.64
|
(0.73
|
)
|
—
|
|||||||||||||||||
2018(1)
|
25.00
|
0.26
|
(0.44
|
)
|
(0.18
|
)
|
(0.22
|
)
|
—
|
Financial Highlights
|
||
Return of Capital ($)
|
Total from Distributions ($)
|
Net Asset Value, End of Period ($)
|
Total Return (%)**
|
Net Assets End of Period ($)(000)
|
Ratio of Expenses to Average Net Assets (%)
|
Ratio of Net Investment Income to Average Net Assets (%)
|
Portfolio Turnover (%)††
|
|||||||||||||||||||||||
—
|
(0.49
|
)
|
12.25
|
(3.34
|
)
|
36,994
|
0.15
|
†‡‡
|
6.68
|
†
|
5.70
|
|||||||||||||||||||
(0.27
|
)
|
(0.89
|
)
|
13.16
|
22.52
|
35,921
|
0.63
|
^‡‡ |
3.77
|
86.85
|
||||||||||||||||||||
(0.12
|
)
|
(1.25
|
)
|
11.51
|
(13.13
|
)
|
19,573
|
0.75
|
5.61
|
52.78
|
||||||||||||||||||||
—
|
(1.16
|
)
|
14.74
|
9.89
|
28,012
|
0.75
|
6.39
|
18.16
|
||||||||||||||||||||||
—
|
(1.16
|
)
|
14.52
|
1.89
|
16,698
|
0.75
|
6.19
|
18.32
|
||||||||||||||||||||||
(0.13
|
)
|
(1.14
|
)
|
15.40
|
13.24
|
11,549
|
0.75
|
6.75
|
34.84
|
|||||||||||||||||||||
—
|
(0.43
|
)
|
33.51
|
9.44
|
60,654
|
0.20
|
†
|
3.05
|
†
|
7.47
|
||||||||||||||||||||
—
|
(0.80
|
)
|
31.02
|
26.45
|
9,615
|
0.20
|
2.60
|
70.66
|
||||||||||||||||||||||
—
|
***
|
(0.82
|
)
|
25.20
|
(1.47
|
)
|
6,300
|
0.20
|
3.27
|
93.40
|
||||||||||||||||||||
—
|
(0.73
|
)
|
26.51
|
11.01
|
9,278
|
0.28
|
‡
|
2.99
|
49.18
|
|||||||||||||||||||||
—
|
(0.22
|
)
|
24.60
|
(0.72
|
)
|
2,460
|
0.36
|
†
|
2.70
|
†
|
1.18
|
*
|
Per share data calculated using average shares method.
|
**
|
Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption
of Fund shares.
|
***
|
Amount is less than $0.005.
|
^
|
Effective September 28, 2021, the fund’s fees were permanently lowered to 0.50%.
|
†
|
Annualized.
|
††
|
Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
|
‡
|
Effective April 1, 2019, the Fund’s fees were permanently lowered to 0.20%. Prior to April 1,
2019, the ratio of Expenses to Average Net Assets included the effect of a waiver. If these offsets were excluded, the ratio would have been 0.31% for the year ended November 30, 2019. |
‡‡
|
The ratio of Expenses to Average Net Assets includes the effect of a reimbursement of acquired fund fees (See Note 3 in Notes to Financial Statements). If these offsets and acquired fund fees
were excluded, the ratio would have been 0.70% and 0.50%, for the periods ended November 30, 2021 and May 31, 2022, respectively.
|
(1)
|
The Fund commenced operations on July 13, 2018.
|
Financial Highlights
|
||
Net Asset Value, Beginning of Period ($)
|
Net Investment Income ($)*
|
Net Realized and Unrealized Gain (Loss) on Investments ($)
|
Total from Operations ($)
|
Distribution from Net Investment Income ($)
|
Distribution from Capital Gains ($)
|
|||||||||||||||||||
Global X U.S. Preferred ETF
|
||||||||||||||||||||||||
2022 (Unaudited)
|
25.21
|
0.61
|
(2.82
|
)
|
(2.21
|
)
|
(0.65
|
)
|
—
|
|||||||||||||||
2021
|
25.36
|
1.28
|
(0.12
|
)
|
1.16
|
(1.31
|
)
|
—
|
||||||||||||||||
2020
|
24.79
|
1.33
|
0.58
|
1.91
|
(1.34
|
)
|
—
|
|||||||||||||||||
2019
|
22.97
|
1.36
|
1.83
|
3.19
|
(1.37
|
)
|
—
|
|||||||||||||||||
2018
|
25.03
|
1.44
|
(2.08
|
)
|
(0.64
|
)
|
(1.42
|
)
|
—
|
|||||||||||||||
2017(1)
|
25.08
|
0.44
|
(0.25
|
)
|
0.19
|
(0.24
|
)
|
—
|
||||||||||||||||
Global X Variable Rate Preferred ETF
|
||||||||||||||||||||||||
2022 (Unaudited)
|
27.28
|
0.72
|
(2.32
|
)
|
(1.60
|
)
|
(0.72
|
)
|
(0.02
|
)
|
||||||||||||||
2021
|
26.97
|
1.40
|
0.37
|
1.77
|
(1.29
|
)
|
(0.02
|
)
|
||||||||||||||||
2020(2)
|
24.85
|
0.61
|
2.00
|
2.61
|
(0.49
|
)
|
—
|
Financial Highlights
|
||
Return of Capital ($)
|
Total from Distributions ($)
|
Net
Asset Value, End of Period ($) |
Total Return (%)**
|
Net Assets End of Period ($)(000)
|
Ratio of Expenses to Average Net Assets (%)
|
Ratio of Net Investment Income to Average Net Assets (%)
|
Portfolio Turnover (%)††
|
|||||||||||||||||||||||
—
|
(0.65
|
)
|
22.35
|
(8.88
|
)
|
2,120,292
|
0.23
|
†
|
5.16
|
†
|
14.28
|
|||||||||||||||||||
—
|
(1.31
|
)
|
25.21
|
4.61
|
2,458,022
|
0.23
|
^^ |
4.99
|
47.89
|
|||||||||||||||||||||
—
|
(1.34
|
)
|
25.36
|
8.13
|
868,550
|
0.23
|
^^ |
5.49
|
39.14
|
|||||||||||||||||||||
—
|
(1.37
|
)
|
24.79
|
14.25
|
585,150
|
0.24
|
5.57
|
32.93
|
||||||||||||||||||||||
—
|
(1.42
|
)
|
22.97
|
(2.72
|
)
|
188,314
|
0.23
|
5.98
|
42.90
|
|||||||||||||||||||||
—
|
(0.24
|
)
|
25.03
|
0.75
|
26,276
|
0.23
|
†
|
8.01
|
†
|
3.82
|
||||||||||||||||||||
—
|
(0.74
|
)
|
24.94
|
(5.97
|
)
|
169,083
|
0.25
|
†
|
5.61
|
†
|
24.99
|
|||||||||||||||||||
(0.15
|
)
|
(1.46
|
)
|
27.28
|
6.60
|
89,217
|
0.25
|
5.01
|
26.17
|
|||||||||||||||||||||
—
|
(0.49
|
)
|
26.97
|
10.59
|
1,349
|
0.25
|
†
|
5.38
|
†
|
10.96
|
*
|
Per share data calculated using average shares method.
|
**
|
Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption
of Fund shares.
|
^^
|
Effective April 1, 2020, until April 1, 2021, the ratio of Expenses to Average Net Assets
included the effect of a waiver. If these offsets were excluded, the ratio would have been 0.23%. |
†
|
Annualized.
|
††
|
Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
|
(1)
|
The Fund commenced operations on September 11, 2017.
|
(2)
|
The Fund commenced operations on June 22, 2020.
|
Financial Highlights
|
||
Net Asset Value, Beginning of Period ($)
|
Net Investment Income (Loss) ($)*
|
Net Realized and Unrealized Gain (Loss) on Investments ($)
|
Total from Operations ($)
|
Distribution from Net Investment Income ($)
|
Distribution from Capital Gains ($)
|
|||||||||||||||||||
Global X MLP ETF
|
||||||||||||||||||||||||
2022 (Unaudited)
|
33.59
|
(0.03
|
)
|
10.22
|
10.19
|
(1.48
|
)
|
—
|
||||||||||||||||
2021
|
26.73
|
(0.06
|
)
|
9.97
|
9.91
|
—
|
—
|
|||||||||||||||||
2020(1)
|
43.92
|
(0.26
|
)
|
(13.13
|
)
|
(13.39
|
)
|
—
|
—
|
|||||||||||||||
2019(1)
|
51.24
|
(0.24
|
)
|
(2.76
|
)
|
(3.00
|
)
|
—
|
—
|
|||||||||||||||
2018(1)
|
56.52
|
(0.24
|
)
|
(0.42
|
)
|
(0.66
|
)
|
(0.12
|
)
|
—
|
||||||||||||||
2017(1)
|
67.44
|
(0.30
|
)
|
(5.88
|
)
|
(6.18
|
)
|
—
|
***
|
—
|
||||||||||||||
Global X MLP & Energy Infrastructure ETF
|
||||||||||||||||||||||||
2022 (Unaudited)
|
34.89
|
0.70
|
9.27
|
9.97
|
(1.05
|
)
|
—
|
|||||||||||||||||
2021
|
26.59
|
0.42
|
9.97
|
10.39
|
(1.05
|
)
|
—
|
|||||||||||||||||
2020(2)
|
33.45
|
0.71
|
(5.33
|
)
|
(4.62
|
)
|
(1.95
|
)
|
—
|
|||||||||||||||
2019(2)
|
36.39
|
1.14
|
(1.89
|
)
|
(0.75
|
)
|
(2.01
|
)
|
—
|
|||||||||||||||
2018(2)
|
38.40
|
1.05
|
(1.11
|
)
|
(0.06
|
)
|
(1.56
|
)
|
—
|
|||||||||||||||
2017(2)
|
44.46
|
0.93
|
(4.62
|
)
|
(3.69
|
)
|
(2.16
|
)
|
—
|
Financial Highlights
|
||
Return of Capital ($)
|
Total from Distributions ($)
|
Net Asset Value, End of Period ($)
|
Total Return (%)**
|
Net Assets End of Period ($)(000)
|
Ratio of Expenses to Average Net Assets, Net of Tax Expense/(Benefit) (%)
|
Tax Expense/(Benefit) (%)
|
Ratio of Net Investment Income (Loss) to Average Net Assets, Net of Tax Expense/(Benefit) (%)
|
Portfolio Turnover (%)††
|
||||||||||||||||||||||||||
—
|
(1.48
|
)
|
42.30
|
30.55
|
1,275,809
|
0.45
|
†‡
|
(0.01
|
)†
|
(0.17
|
)†
|
27.95
|
||||||||||||||||||||||
(3.05
|
)
|
(3.05
|
)
|
33.59
|
37.49
|
992,935
|
0.43
|
‡
|
(0.02
|
)
|
(0.19
|
)
|
33.79
|
|||||||||||||||||||||
(3.80
|
)
|
(3.80
|
)
|
26.73
|
(30.51
|
)
|
687,577
|
0.46
|
‡
|
0.46
|
(0.85
|
)
|
33.78
|
|||||||||||||||||||||
(4.32
|
)
|
(4.32
|
)
|
43.92
|
(6.54
|
)
|
947,045
|
0.46
|
‡
|
—
|
(0.46
|
)
|
55.65
|
|||||||||||||||||||||
(4.50
|
)
|
(4.62
|
)
|
51.24
|
(1.72
|
)
|
828,622
|
0.45
|
‡
|
—
|
(0.45
|
)
|
30.35
|
|||||||||||||||||||||
(4.74
|
)
|
(4.74
|
)
|
56.52
|
(9.85
|
)
|
692,954
|
0.35
|
‡
|
(0.11
|
)
|
(0.46
|
)
|
35.11
|
||||||||||||||||||||
—
|
(1.05
|
)
|
43.81
|
28.82
|
1,033,264
|
0.45
|
†
|
—
|
3.53
|
†
|
10.10
|
|||||||||||||||||||||||
(1.04
|
)
|
(2.09
|
)
|
34.89
|
39.64
|
738,092
|
0.45
|
—
|
1.25
|
16.88
|
||||||||||||||||||||||||
(0.29
|
)
|
(2.24
|
)
|
26.59
|
(13.34
|
)
|
538,344
|
0.45
|
—
|
2.66
|
35.86
|
|||||||||||||||||||||||
(0.18
|
)
|
(2.19
|
)
|
33.45
|
(2.34
|
)
|
612,300
|
0.45
|
—
|
3.03
|
36.57
|
|||||||||||||||||||||||
(0.39
|
)
|
(1.95
|
)
|
36.39
|
(0.43
|
)
|
540,381
|
0.45
|
—
|
2.65
|
25.68
|
|||||||||||||||||||||||
(0.21
|
)
|
(2.37
|
)
|
38.40
|
(8.71
|
)
|
305,980
|
0.45
|
—
|
2.20
|
40.42
|
*
|
Per share data calculated using average shares method.
|
**
|
Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption
of Fund shares.
|
***
|
Amount is less than $0.005.
|
†
|
Annualized.
|
††
|
Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
|
‡
|
The Before Net Deferred Tax Expense/(Benefit) expense ratios for the periods ending November 30, 2017, 2018, 2019, 2020, 2021, and May 31, 2022 was 0.46%, 0.45%, 0.46%, 0.45%, 0.45%, and 0.46%.
|
(1)
|
Per share amounts have been adjusted for a 1 for 6 reverse stock split on April 28, 2020 (See Note 9 in the Notes to Financial Statements).
|
(2)
|
Per share amounts have been adjusted for a 1 for 3 reverse share split on April 28, 2020 (See Note 9 in Notes to Financial Statements).
|
Financial Highlights
|
||
Net Asset Value, Beginning of Period ($)
|
Net Investment Income ($)*
|
Net Realized and Unrealized Gain (Loss) on Investments ($)
|
Total from Operations ($)
|
Distribution from Net Investment Income ($)
|
Distribution from Capital Gains ($)
|
|||||||||||||||||||
Global X Conscious Companies ETF
|
||||||||||||||||||||||||
2022 (Unaudited)
|
32.97
|
0.15
|
(3.58
|
)
|
(3.43
|
)
|
(0.24
|
)
|
—
|
|||||||||||||||
2021
|
26.46
|
0.31
|
6.49
|
6.80
|
(0.29
|
)
|
—
|
|||||||||||||||||
2020
|
23.10
|
0.33
|
3.32
|
3.65
|
(0.27
|
)
|
(0.02
|
)
|
||||||||||||||||
2019
|
20.55
|
0.37
|
2.68
|
3.05
|
(0.50
|
)
|
—
|
|||||||||||||||||
2018
|
19.23
|
0.33
|
1.22
|
1.55
|
(0.23
|
)
|
—
|
|||||||||||||||||
2017
|
15.79
|
0.26
|
3.33
|
3.59
|
(0.15
|
)
|
—
|
|||||||||||||||||
Global X Adaptive U.S. Factor ETF
|
||||||||||||||||||||||||
2022 (Unaudited)
|
29.86
|
0.33
|
0.95
|
1.28
|
(0.40
|
)
|
—
|
|||||||||||||||||
2021
|
24.91
|
0.61
|
5.09
|
5.70
|
(0.70
|
)
|
—
|
|||||||||||||||||
2020
|
25.79
|
0.63
|
(0.67
|
)
|
(0.04
|
)
|
(0.70
|
)
|
(0.05
|
)
|
||||||||||||||
2019
|
24.39
|
0.89
|
1.53
|
2.42
|
(1.02
|
)
|
—
|
***
|
||||||||||||||||
2018(1)
|
25.00
|
0.22
|
(0.61
|
)
|
(0.39
|
)
|
(0.19
|
)
|
—
|
|||||||||||||||
Global X Adaptive U.S. Risk Management ETF
|
||||||||||||||||||||||||
2022 (Unaudited)
|
29.88
|
0.15
|
(3.59
|
)
|
(3.44
|
)
|
(0.13
|
)
|
—
|
|||||||||||||||
2021(2)
|
24.95
|
0.25
|
4.77
|
5.02
|
(0.09
|
)
|
—
|
|||||||||||||||||
Global X Founder-Run Companies ETF
|
||||||||||||||||||||||||
2022 (Unaudited)
|
34.44
|
0.06
|
(9.16
|
)
|
(9.10
|
)
|
(0.06
|
)
|
—
|
|||||||||||||||
2021
|
28.66
|
0.18
|
5.94
|
6.12
|
(0.34
|
)
|
—
|
|||||||||||||||||
2020
|
20.50
|
0.09
|
8.14
|
8.23
|
(0.07
|
)
|
—
|
|||||||||||||||||
2019
|
18.63
|
0.05
|
2.12
|
2.17
|
(0.07
|
)
|
(0.23
|
)
|
||||||||||||||||
2018
|
17.41
|
0.04
|
1.45
|
1.49
|
(0.04
|
)
|
(0.23
|
)
|
||||||||||||||||
2017(3)
|
15.02
|
0.04
|
2.35
|
2.39
|
—
|
—
|
Financial Highlights
|
||
Return of Capital ($)
|
Total from Distributions ($)
|
Net Asset Value, End of Period ($)
|
Total Return (%)**
|
Net Assets End of Period ($)(000)
|
Ratio of Expenses to Average Net Assets (%)
|
Ratio of Net Investment Income to Average Net Assets (%)
|
Portfolio Turnover (%)††
|
|||||||||||||||||||||||
—
|
(0.24
|
)
|
29.30
|
(10.50
|
)
|
654,179
|
0.43
|
†
|
0.98
|
†
|
9.64
|
|||||||||||||||||||
—
|
(0.29
|
)
|
32.97
|
25.84
|
654,764
|
0.43
|
1.00
|
22.92
|
||||||||||||||||||||||
—
|
(0.29
|
)
|
26.46
|
16.01
|
403,499
|
0.43
|
1.45
|
48.73
|
||||||||||||||||||||||
—
|
(0.50
|
)
|
23.10
|
15.35
|
85,459
|
0.43
|
1.73
|
34.97
|
||||||||||||||||||||||
—
|
(0.23
|
)
|
20.55
|
8.16
|
56,504
|
0.43
|
1.65
|
36.35
|
||||||||||||||||||||||
—
|
(0.15
|
)
|
19.23
|
22.95
|
48,065
|
0.43
|
1.50
|
41.77
|
||||||||||||||||||||||
—
|
(0.40
|
)
|
30.74
|
4.30
|
172,463
|
0.27
|
†
|
2.13
|
†
|
65.13
|
||||||||||||||||||||
(0.05
|
)
|
(0.75
|
)
|
29.86
|
23.01
|
172,008
|
0.27
|
2.09
|
96.21
|
|||||||||||||||||||||
(0.09
|
)
|
(0.84
|
)
|
24.91
|
0.14
|
144,484
|
0.27
|
2.78
|
159.91
|
|||||||||||||||||||||
—
|
(1.02
|
)
|
25.79
|
10.27
|
189,564
|
0.27
|
3.63
|
112.43
|
||||||||||||||||||||||
(0.03
|
)
|
(0.22
|
)
|
24.39
|
(1.58
|
)
|
102,438
|
0.27
|
†
|
3.31
|
†
|
28.89
|
||||||||||||||||||
—
|
(0.13
|
)
|
26.31
|
(11.58
|
)
|
80,505
|
0.39
|
†
|
1.11
|
†
|
831.34
|
|||||||||||||||||||
—
|
(0.09
|
)
|
29.88
|
20.13
|
104,574
|
0.39
|
†
|
1.01
|
†
|
30.10
|
||||||||||||||||||||
—
|
(0.06
|
)
|
25.28
|
(26.47
|
)
|
10,365
|
0.45
|
†
|
0.42
|
†
|
21.02
|
|||||||||||||||||||
—
|
(0.34
|
)
|
34.44
|
21.51
|
15,842
|
0.45
|
0.54
|
47.49
|
||||||||||||||||||||||
—
|
(0.07
|
)
|
28.66
|
40.29
|
5,732
|
0.45
|
0.39
|
31.51
|
||||||||||||||||||||||
—
|
(0.30
|
)
|
20.50
|
12.05
|
4,100
|
0.52
|
0.29
|
33.82
|
||||||||||||||||||||||
—
|
(0.27
|
)
|
18.63
|
8.67
|
4,657
|
0.65
|
0.13
|
25.22
|
||||||||||||||||||||||
—
|
—
|
17.41
|
15.91
|
3,483
|
0.65
|
†
|
0.33
|
†
|
21.61
|
*
|
Per share data calculated using average shares method.
|
**
|
Total Return is for the period indicated and has not been annualized. The return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption
of Fund shares.
|
***
|
Amount is less than $0.005.
|
†
|
Annualized.
|
††
|
Portfolio turnover rate is for the period indicated and periods of less than one year have not been annualized. Excludes effect of in-kind transfers.
|
(1)
|
The Fund commenced operations on August 24, 2018.
|
(2)
|
The Fund commenced operations on January 12, 2021.
|
(3)
|
The Fund commenced operations on February 13, 2017.
|
Notes to Financial Statements (Unaudited)
|
||
May 31, 2022
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Repurchase Agreements*
|
Fair Value of Non-Cash Collateral Received(1)
|
Cash Collateral Received
|
Net Amount(2)
|
|||||||||||||
Global X Alternative Income ETF
|
||||||||||||||||
BNP Paribas
|
$
|
2,637,254
|
$
|
2,637,254
|
$
|
–
|
$
|
–
|
||||||||
Global X U.S. Preferred ETF
|
||||||||||||||||
BNP Paribas
|
36,122,304
|
36,122,304
|
–
|
–
|
||||||||||||
Global X MLP & Energy Infrastructure ETF
|
||||||||||||||||
BNP Paribas
|
4,173,406
|
4,173,406
|
–
|
–
|
*
|
Repurchase agreements with an overnight and continuous maturity.
|
(1)
|
Excess collateral received is not presented in the table above. Please refer to the Schedule of Investments for the market value of the collateral received for each Fund.
|
(2)
|
Net Amount represents the net amount receivable due from the counterparty in the event of default.
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Creation Unit Shares
|
Creation Fee
|
Value at
May 31, 2022 |
Redemption Fee
|
|||||||||||||
Global X Alternative Income ETF
|
10,000
|
$
|
300
|
$
|
122,500
|
$
|
300
|
|||||||||
Global X S&P 500® Quality Dividend ETF
|
10,000
|
500
|
335,100
|
500
|
||||||||||||
Global X U.S. Preferred ETF
|
10,000
|
650
|
223,500
|
650
|
||||||||||||
Global X Variable Rate Preferred ETF
|
10,000
|
300
|
249,400
|
300
|
||||||||||||
Global X MLP ETF
|
10,000
|
250
|
423,000
|
250
|
||||||||||||
Global X MLP & Energy Infrastructure ETF
|
10,000
|
250
|
438,100
|
250
|
||||||||||||
Global X Conscious Companies ETF
|
10,000
|
750
|
293,000
|
750
|
||||||||||||
Global X Adaptive U.S. Factor ETF
|
10,000
|
700
|
307,400
|
700
|
||||||||||||
Global X Adaptive U.S. Risk Management ETF
|
10,000
|
1,300
|
263,100
|
1,300
|
||||||||||||
Global X Founder-Run Companies ETF
|
10,000
|
400
|
252,800
|
400
|
Notes to Financial Statements (Unaudited)
|
||
May 31, 2022
|
Supervision and Administration Fee
|
||||
Global X Alternative Income ETF(1)
|
0.50
|
%
|
||
Global X S&P 500® Quality Dividend ETF
|
0.20
|
%
|
||
Global X U.S. Preferred ETF
|
0.23
|
%
|
||
Global X Variable Rate Preferred ETF
|
0.25
|
%
|
||
Global X MLP ETF
|
0.45
|
%
|
||
Global X MLP & Energy Infrastructure ETF
|
0.45
|
%
|
||
Global X Conscious Companies ETF
|
0.43
|
%
|
||
Global X Adaptive U.S. Factor ETF
|
0.27
|
%
|
||
Global X Adaptive U.S. Risk Management ETF
|
0.39
|
%
|
||
Global X Founder-Run Companies ETF
|
0.45
|
%
|
(1)
|
The Board of Trustees of the Trust voted to approve a lower Management Fee for the Global X Alternative Income ETF of 0.50% effective September 28, 2021. Prior to that, the Global X Alternative
Income ETF was subject to a Management Fee of 0.75%.
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Purchases
|
Sales and Maturities
|
|||||||
Global X Alternative Income ETF
|
$
|
2,106,120
|
$
|
2,357,340
|
||||
Global X S&P 500® Quality Dividend ETF
|
3,098,577
|
2,756,173
|
||||||
Global X U.S. Preferred ETF
|
344,326,671
|
331,400,763
|
||||||
Global X Variable Rate Preferred ETF
|
30,648,875
|
30,630,245
|
||||||
Global X MLP ETF
|
313,567,490
|
600,218,041
|
||||||
Global X MLP & Energy Infrastructure ETF
|
88,594,974
|
111,653,547
|
||||||
Global X Conscious Companies ETF
|
63,856,853
|
66,236,151
|
||||||
Global X Adaptive U.S. Factor ETF
|
115,289,156
|
114,052,115
|
||||||
Global X Adaptive U.S. Risk Management ETF
|
817,962,020
|
822,392,061
|
||||||
Global X Founder-Run Companies ETF
|
2,789,898
|
2,785,005
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Purchases
|
Sales and Maturities
|
Realized Gain/(Loss)
|
||||||||||
Global X Alternative Income ETF
|
$
|
6,011,971
|
$
|
2,059,844
|
$
|
88,436
|
||||||
Global X S&P 500® Quality Dividend ETF
|
57,292,825
|
7,878,869
|
1,153,567
|
|||||||||
Global X U.S. Preferred ETF
|
257,448,549
|
310,176,584
|
(7,513,198
|
)
|
||||||||
Global X Variable Rate Preferred ETF
|
125,837,498
|
35,989,122
|
234,313
|
|||||||||
Global X MLP ETF
|
266,200,366
|
–
|
–
|
|||||||||
Global X MLP & Energy Infrastructure ETF
|
161,210,263
|
50,511,042
|
16,409,175
|
|||||||||
Global X Conscious Companies ETF
|
134,611,479
|
57,814,285
|
16,855,177
|
|||||||||
Global X Adaptive U.S. Factor ETF
|
27,200,079
|
33,894,563
|
6,379,870
|
|||||||||
Global X Adaptive U.S. Risk Management ETF
|
18,239,429
|
22,883,959
|
55,826
|
|||||||||
Global X Founder-Run Companies ETF
|
–
|
1,332,473
|
9,025
|
Purchases
|
Sales and Maturities
|
Realized Gain/(Loss)
|
||||||||||
Global X Alternative Income ETF
|
$
|
21,175,789
|
$
|
7,393,356
|
$
|
1,667,754
|
||||||
Global X S&P 500® Quality Dividend ETF
|
7,401,975
|
5,392,168
|
1,425,312
|
|||||||||
Global X U.S. Preferred ETF
|
1,707,913,454
|
92,458,603
|
7,162,067
|
|||||||||
Global X Variable Rate Preferred ETF
|
97,475,320
|
7,852,025
|
409,395
|
|||||||||
Global X MLP ETF
|
234,138,116
|
–
|
–
|
|||||||||
Global X MLP & Energy Infrastructure ETF
|
224,593,293
|
157,251,966
|
48,544,868
|
|||||||||
Global X Conscious Companies ETF
|
332,600,516
|
182,457,442
|
79,149,674
|
|||||||||
Global X Adaptive U.S. Factor ETF
|
36,703,421
|
39,042,509
|
11,547,320
|
|||||||||
Global X Adaptive U.S. Risk Management ETF
|
182,190,936
|
91,441,692
|
14,098,623
|
|||||||||
Global X Founder-Run Companies ETF
|
14,657,602
|
5,990,253
|
2,619,762
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Current MLP
|
Deferred MLP
|
Total MLP
|
||||||||||
Federal
|
$
|
—
|
$
|
64,270,249
|
$
|
64,270,249
|
||||||
State
|
—
|
5,849,592
|
5,849,592
|
|||||||||
Valuation allowance
|
—
|
(60,311,868
|
)
|
(60,311,868
|
)
|
|||||||
Total tax expense (benefit)
|
$
|
—
|
$
|
9,807,973
|
$
|
9,807,973
|
MLP
|
||||
Deferred tax assets:
|
||||
Federal Net Operating Loss Carryforward
|
$
|
9,268,917
|
||
Capital Loss Carryforward
|
43,536,897
|
|||
Other
|
1,973,352
|
|||
Less Valuation Allowance
|
(2,907,007
|
)
|
||
Net unrealized gain on investment securities
|
(64,587,138
|
)
|
||
Net Deferred Tax Asset/(Liability)
|
$
|
(12,714,979
|
)
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Year Ended
|
Amount
|
Expiration
|
||||
Global X MLP ETF
|
11/30/2021
|
$
|
40,760,408
|
Indefinite
|
Year Ended
|
Amount
|
Expiration
|
||||
Global X MLP ETF
|
11/30/2019
|
$
|
22,986,712
|
11/30/2024
|
||
11/30/2020
|
123,982,398
|
11/30/2025
|
||||
11/30/2021
|
44,486,020
|
11/30/2026
|
MLP
|
||||||||
Income tax (benefit) at statutory rate
|
$
|
64,742,737
|
21.00
|
%
|
||||
State income taxes (net of federal benefit)
|
5,364,398
|
1.74
|
%
|
|||||
Permanent differences, net
|
12,706
|
0.00
|
%
|
|||||
Change in valuation allowance
|
(60,311,868
|
)
|
(19.56
|
)%
|
||||
Net income tax expense/(benefit)
|
$
|
9,807,973
|
(3.18
|
)%
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Global X Funds
|
Paid-in Capital
|
Distributable
Earnings (Loss)
|
||||||
Global X Alternative Income ETF
|
$
|
729,191
|
$
|
(729,191
|
)
|
|||
Global X S&P 500® Quality Dividend ETF
|
1,396,254
|
(1,396,254
|
)
|
|||||
Global X U.S. Preferred ETF
|
7,627,321
|
(7,627,321
|
)
|
|||||
Global X Variable Rate Preferred ETF
|
364,360
|
(364,360
|
)
|
|||||
Global X MLP & Energy Infrastructure ETF
|
20,665,059
|
(20,665,059
|
)
|
|||||
Global X Conscious Companies ETF
|
78,780,406
|
(78,780,406
|
)
|
|||||
Global X Adaptive U.S. Factor ETF
|
7,658,763
|
(7,658,763
|
)
|
|||||
Global X Adaptive U.S. Risk Management ETF
|
13,980,803
|
(13,980,803
|
)
|
|||||
Global X Founder-Run Companies ETF
|
2,619,172
|
(2,619,172
|
)
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Global X Funds
|
Ordinary Income
|
Long-Term Capital Gain
|
Return of Capital
|
Totals
|
||||||||||||
Global X Alternative Income ETF
|
||||||||||||||||
2021
|
$
|
1,353,663
|
$
|
–
|
$
|
578,074
|
$
|
1,931,737
|
||||||||
2020
|
1,871,599
|
–
|
218,100
|
2,089,699
|
||||||||||||
Global X S&P 500® Quality Dividend ETF
|
||||||||||||||||
2021
|
$
|
224,212
|
$
|
–
|
$
|
–
|
$
|
224,212
|
||||||||
2020
|
208,533
|
–
|
950
|
209,483
|
||||||||||||
Global X U.S. Preferred ETF
|
||||||||||||||||
2021
|
$
|
89,185,080
|
$
|
–
|
$
|
–
|
$
|
89,185,080
|
||||||||
2020
|
37,989,950
|
–
|
–
|
37,989,950
|
||||||||||||
Global X Variable Rate Preferred ETF
|
||||||||||||||||
2021
|
$
|
1,419,247
|
$
|
8,731
|
$
|
167,337
|
$
|
1,595,315
|
||||||||
2020
|
49,000
|
–
|
–
|
49,000
|
||||||||||||
Global X MLP ETF
|
||||||||||||||||
2021
|
$
|
–
|
$
|
–
|
$
|
80,150,843
|
$
|
80,150,843
|
||||||||
2020
|
–
|
–
|
95,194,445
|
95,194,445
|
||||||||||||
Global X MLP & Energy Infrastructure ETF
|
||||||||||||||||
2021
|
$
|
22,548,205
|
$
|
–
|
$
|
22,509,388
|
$
|
45,057,593
|
||||||||
2020
|
41,140,675
|
–
|
6,129,052
|
47,269,727
|
||||||||||||
Global X Conscious Companies ETF
|
||||||||||||||||
2021
|
$
|
4,254,673
|
$
|
–
|
$
|
–
|
$
|
4,254,673
|
||||||||
2020
|
1,788,344
|
89,563
|
–
|
1,877,907
|
||||||||||||
Global X Adaptive U.S. Factor ETF
|
||||||||||||||||
2021
|
$
|
4,080,634
|
$
|
–
|
$
|
298,947
|
$
|
4,379,581
|
||||||||
2020
|
4,904,671
|
270,047
|
635,325
|
5,810,043
|
||||||||||||
Global X Adaptive U.S. Risk Management ETF
|
||||||||||||||||
2021
|
$
|
241,843
|
$
|
–
|
$
|
–
|
$
|
241,843
|
||||||||
Global X Founder-Run Companies ETF
|
||||||||||||||||
2021
|
$
|
67,743
|
$
|
–
|
$
|
–
|
$
|
67,743
|
||||||||
2020
|
13,936
|
–
|
–
|
13,936
|
Global X Funds
|
||||||||||||
Global X Alternative Income ETF
|
Global X S&P 500® Quality Dividend ETF
|
Global X U.S. Preferred ETF
|
||||||||||
Undistributed Ordinary Income
|
$
|
–
|
$
|
10,281
|
$
|
3,624,969
|
||||||
Post October Losses
|
–
|
–
|
(128,026
|
)
|
||||||||
Capital Loss Carryforwards
|
(1,558,399
|
)
|
(730,124
|
)
|
(3,804,050
|
)
|
||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency
|
(1,483,077
|
)
|
191,741
|
(29,796,300
|
)
|
|||||||
Other Temporary Differences
|
6
|
(2
|
)
|
(2,349,001
|
)
|
|||||||
Total Accumulated Losses
|
$
|
(3,041,470
|
)
|
$
|
(528,104
|
)
|
$
|
(32,452,408
|
)
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Global X Funds
|
||||||||||||
Global X Variable Rate Preferred ETF
|
Global X MLP & Energy Infrastructure ETF
|
Global X Conscious Companies ETF
|
||||||||||
Undistributed Ordinary Income
|
$
|
–
|
$
|
–
|
$
|
2,654,223
|
||||||
Capital Loss Carryforwards
|
–
|
(150,385,884
|
)
|
(708,582
|
)
|
|||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency
|
(2,346,296
|
)
|
11,084,160
|
85,029,185
|
||||||||
Other Temporary Differences
|
390,868
|
(4
|
)
|
(1
|
)
|
|||||||
Total Distributable Earnings (Accumulated Losses)
|
$
|
(1,955,428
|
)
|
$
|
(139,301,728
|
)
|
$
|
86,974,825
|
Global X Funds
|
||||||||||||
Global X Adaptive U.S. Factor ETF
|
Global X Adaptive U.S. Risk Management ETF
|
Global X Founder-Run Companies ETF
|
||||||||||
Undistributed Ordinary Income
|
$
|
–
|
$
|
436,746
|
$
|
20,766
|
||||||
Capital Loss Carryforwards
|
(8,104,769
|
)
|
(4,152
|
)
|
(259,716
|
)
|
||||||
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency
|
8,370,349
|
(2,643,604
|
)
|
49,942
|
||||||||
Other Temporary Differences
|
(1
|
)
|
–
|
(1
|
)
|
|||||||
Total Distributable Earnings (Accumulated Losses)
|
$
|
265,579
|
$
|
(2,211,010
|
)
|
$
|
(189,009
|
)
|
Short-Term Loss
|
Long-Term Loss
|
Total
|
||||||||||
Global X Alternative Income ETF
|
$
|
148,924
|
$
|
1,409,475
|
$
|
1,558,399
|
||||||
Global X S&P 500® Quality Dividend ETF
|
586,335
|
143,789
|
730,124
|
|||||||||
Global X U.S. Preferred ETF
|
3,804,050
|
–
|
3,804,050
|
|||||||||
Global X MLP & Energy Infrastructure ETF
|
37,475,669
|
112,910,215
|
150,385,884
|
|||||||||
Global X Conscious Companies ETF
|
47,728
|
660,854
|
708,582
|
|||||||||
Global X Adaptive U.S. Factor ETF
|
6,644,209
|
1,460,560
|
8,104,769
|
|||||||||
Global X Adaptive U.S. Risk Management ETF
|
4,152
|
–
|
4,152
|
|||||||||
Global X Founder-Run Companies ETF
|
108,837
|
150,879
|
259,716
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Global X Funds
|
Short-Term Loss
|
Long-Term Loss
|
Total
|
|||||||||
Global X Alternative Income ETF
|
$
|
1,189,400
|
$
|
303,233
|
$
|
1,492,633
|
||||||
Global X S&P 500® Quality Dividend ETF
|
125,302
|
–
|
125,302
|
|||||||||
Global X U.S. Preferred ETF
|
6.673,774
|
3,210,236
|
9,884,010
|
|||||||||
Global X Conscious Companies ETF
|
1,759,802
|
600,207
|
2,360,009
|
|||||||||
Global X Adaptive U.S. Factor ETF
|
11,111,880
|
5,759,669
|
16,871,549
|
Global X Funds
|
Federal Tax Cost
|
Aggregated Gross Unrealized Appreciation
|
Aggregated Gross Unrealized Depreciation
|
Net Unrealized Appreciation (Depreciation)
|
||||||||||||
Global X Alternative Income ETF
|
$
|
46,073,092
|
$
|
2,034,138
|
$
|
(5,668,059
|
)
|
$
|
(3,633,921
|
)
|
||||||
Global X S&P 500® Quality Dividend ETF
|
60,210,297
|
3,251,327
|
(3,006,356
|
)
|
244,971
|
|||||||||||
Global X U.S. Preferred ETF
|
2,478,620,545
|
7,669,732
|
(298,715,100
|
)
|
(291,045,368
|
)
|
||||||||||
Global X Variable Rate Preferred ETF
|
178,671,349
|
70,739
|
(10,459,132
|
)
|
(10,388,393
|
)
|
||||||||||
Global X MLP ETF
|
998,971,648
|
301,308,159
|
(17,283,792
|
)
|
284,024,367
|
|||||||||||
Global X MLP & Energy Infrastructure ETF
|
756,067,474
|
286,468,722
|
(2,040,239
|
)
|
284,428,483
|
|||||||||||
Global X Conscious Companies ETF
|
658,744,594
|
48,315,904
|
(54,582,970
|
)
|
(6,267,066
|
)
|
||||||||||
Global X Adaptive U.S. Factor ETF
|
162,938,104
|
12,789,985
|
(3,620,905
|
)
|
9,169,080
|
|||||||||||
Global X Adaptive U.S. Risk Management ETF
|
78,984,165
|
1,639,627
|
(177,935
|
)
|
1,461,692
|
|||||||||||
Global X Founder-Run Companies ETF
|
12,989,097
|
556,087
|
(3,192,846
|
)
|
(2,636,759
|
)
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Notes to Financial Statements (Unaudited) (Continued)
|
||
May 31, 2022
|
Market Value
|
Cash Collateral
|
|||||||
Global X Alternative Income ETF
|
||||||||
JPMorgan
|
$
|
5,115,111
|
$
|
5,248,450
|
||||
UBS Securities LLC
|
221,952
|
227,840
|
||||||
Total
|
$
|
5,337,063
|
$
|
5,476,290
|
||||
Market Value
|
Cash Collateral
|
|||||||
Global X U.S. Preferred ETF
|
||||||||
Barclays Capital
|
$
|
25,428,368
|
$
|
25,614,200
|
(1) | |||
BNP Paribas
|
5,407,190
|
5,408,253
|
(1) |
|||||
BOFA Securities, Inc.
|
1,226,851
|
1,285,475
|
||||||
Citigroup
|
3,315,132
|
3,444,985
|
||||||
JPMorgan
|
4,036,222
|
4,174,925
|
||||||
Morgan Stanley
|
421,275
|
444,870
|
||||||
National Financial Services
|
27,646,946
|
28,421,408
|
||||||
TD Prime Services, LLC
|
277,704
|
287,280
|
||||||
Wells Fargo Securities, LLC
|
5,712,755
|
5,927,000
|
||||||
Total
|
$
|
73,472,443
|
$
|
75,008,396
|
||||
Market Value
|
Cash Collateral
|
|||||||
Global X MLP & Energy ETF
|
||||||||
Goldman Sachs & Co.
|
$
|
710,462
|
$
|
734,878
|
||||
Wells Fargo Securities, LLC
|
7,658,650
|
7,931,250
|
||||||
Total
|
$
|
8,369,112
|
$
|
8,666,128
|
(1)
|
It is the Funds’ policy to obtain additional collateral from or return excess collateral to the borrower by the end of the next business day, following the valuation date of the securities loaned. Therefore, the
value of the collateral held may be temporarily less than the value of the securities on loan.
|
Notes to Financial Statements (Unaudited) (Concluded)
|
||
May 31, 2022
|
Disclosure of Fund Expenses (Unaudited)
|
Disclosure of Fund Expenses (Unaudited) (Concluded)
|
Beginning
Account Value
12/1/2021
|
Ending
Account Value
5/31/2022
|
Annualized
Expense
Ratios
|
Expenses
Paid During
Period(1)
|
|||||||||||||
Global X Alternative Income ETF
|
||||||||||||||||
Actual Fund Return
|
$
|
1,000.00
|
$
|
966.60
|
0.15
|
%
|
$
|
0.74
|
||||||||
Hypothetical 5% Return
|
1,000.00
|
1,024.18
|
0.15
|
0.76
|
||||||||||||
Global X S&P 500® Quality Dividend ETF
|
||||||||||||||||
Actual Fund Return
|
$
|
1,000.00
|
$
|
1,094.40
|
0.20
|
%
|
$
|
1.04
|
||||||||
Hypothetical 5% Return
|
1,000.00
|
1,023.93
|
0.20
|
1.01
|
||||||||||||
Global X U.S. Preferred ETF
|
||||||||||||||||
Actual Fund Return
|
$
|
1,000.00
|
$
|
911.20
|
0.23
|
%
|
$
|
1.10
|
||||||||
Hypothetical 5% Return
|
1,000.00
|
1,023.79
|
0.23
|
1.16
|
||||||||||||
Global X Variable Rate Preferred ETF
|
||||||||||||||||
Actual Fund Return
|
$
|
1,000.00
|
$
|
940.30
|
0.25
|
%
|
$
|
1.21
|
||||||||
Hypothetical 5% Return
|
1,000.00
|
1,023.69
|
0.25
|
1.26
|
||||||||||||
Global X MLP ETF
|
||||||||||||||||
Actual Fund Return
|
$
|
1,000.00
|
$
|
1,305.90
|
2.20
|
%
|
$
|
12.65
|
||||||||
Hypothetical 5% Return
|
1,000.00
|
1,013.96
|
2.20
|
11.05
|
||||||||||||
Global X MLP & Energy Infrastructure ETF
|
||||||||||||||||
Actual Fund Return
|
$
|
1,000.00
|
$
|
1,288.20
|
0.45
|
%
|
$
|
2.57
|
||||||||
Hypothetical 5% Return
|
1,000.00
|
1,022.69
|
0.45
|
2.27
|
||||||||||||
Global X Conscious Companies ETF
|
||||||||||||||||
Actual Fund Return
|
$
|
1,000.00
|
$
|
895.00
|
0.43
|
%
|
$
|
2.03
|
||||||||
Hypothetical 5% Return
|
1,000.00
|
1,022.79
|
0.43
|
2.17
|
||||||||||||
Global X Adaptive U.S. Factor ETF
|
||||||||||||||||
Actual Fund Return
|
$
|
1,000.00
|
$
|
1,043.00
|
0.27
|
%
|
$
|
1.38
|
||||||||
Hypothetical 5% Return
|
1,000.00
|
1,023.59
|
0.27
|
1.36
|
||||||||||||
Global X Adaptive U.S. Risk Management ETF
|
||||||||||||||||
Actual Fund Return
|
$
|
1,000.00
|
$
|
884.20
|
0.39
|
%
|
$
|
1.83
|
||||||||
Hypothetical 5% Return
|
1,000.00
|
1,022.99
|
0.39
|
1.97
|
||||||||||||
Global X Founder-Run Companies ETF
|
||||||||||||||||
Actual Fund Return
|
$
|
1,000.00
|
$
|
735.30
|
0.45
|
%
|
$
|
1.95
|
||||||||
Hypothetical 5% Return
|
1,000.00
|
1,022.69
|
0.45
|
2.27
|
(1)
|
Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 182/365 (to reflect the
one-half year period.)
|
Liquidity Risk Management Program (Unaudited)
|
Supplemental Information (Unaudited)
|
Notes
|
||
By (Signature and Title) |
By (Signature and Title) |
By (Signature and Title) |