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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Interconexion Electrica S.A. E.S.P.</name>
        <lei>5493007GMWK7ZHVQ5362</lei>
        <title>INTERCONEXION ELECTRICA SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COE15PA00026"/>
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        <balance>1445686.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="3669.54000000"/>
        <valUSD>11937268.92000000</valUSD>
        <pctVal>8.108843725257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Patrimonio Autonomo Estrategias Inmobiliarias</name>
        <lei>N/A</lei>
        <title>PATRIMONIO AUTONOMO ESTRAT REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COV34PT00120"/>
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        <balance>198985.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="3669.54000000"/>
        <valUSD>4146130.88000000</valUSD>
        <pctVal>2.816417020986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Celsia S.A.</name>
        <lei>549300YM8WFI4B0WXJ72</lei>
        <title>CELSIA SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COT60PA00038"/>
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        <balance>3262767.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="3669.54000000"/>
        <valUSD>4676922.56000000</valUSD>
        <pctVal>3.176977448386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BROOKFIELD RENEWABLE CORPORATION</name>
        <lei>N/A</lei>
        <title>BROOKFIELD RENEWABLE CORP COMMON STOCK</title>
        <cusip>11285B108</cusip>
        <identifiers>
          <isin value="CA11285B1085"/>
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        <balance>80655.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.35415000"/>
        <valUSD>3377724.07000000</valUSD>
        <pctVal>2.294447483274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Enel Americas S.A.</name>
        <lei>549300LKH11TFCJLZK20</lei>
        <title>ENEL AMERICAS SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CLP371861061"/>
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        <balance>29947588.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="863.23500000"/>
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        <pctVal>1.944434639412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Empresas Copec S.A.</name>
        <lei>549300Q3IDJYG6Z7PA50</lei>
        <title>EMPRESAS COPEC SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CLP7847L1080"/>
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        <balance>436895.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="863.23500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Corporacion Financiera Colombiana S.A.</name>
        <lei>549300UTJ6LGMSTZYJ30</lei>
        <title>CORP FINANCIERA COLOMBIANA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COJ12PA00048"/>
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        <balance>730827.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BNYREPOS</name>
        <lei>N/A</lei>
        <title>BNYREPOS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="BNYREPOS"/>
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        <balance>1360</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1360</valUSD>
        <pctVal>0.000923831702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="MMYX0N4ZEZ13Z4XCG897" name="The Bank of New York Mellon"/>
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          <isTriParty>Y</isTriParty>
          <repurchaseRt>3.68</repurchaseRt>
          <maturityDt>N/A</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1360</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>1360</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
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        <securityLending>
          <cashCollateralCondition cashCollateralVal="1360" isCashCollateral="Y"/>
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      <invstOrSec>
        <name>Davivienda Group SA</name>
        <lei>N/A</lei>
        <title>Davivienda Group SA PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PAK01PA00024"/>
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        <balance>624417.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>CO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CEMENTOS ARGOS S.A.</name>
        <lei>549300H7BB3SSJRSL735</lei>
        <title>CEMENTOS ARGOS SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COD38PA00046"/>
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        <balance>2021603.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MILLICOM INTERNATIONAL CELLULAR S.A.</name>
        <lei>549300CTHC1CP86P2G96</lei>
        <title>MILLICOM INTL CELLULAR S.A. COMMON STOCK</title>
        <cusip>L6388F110</cusip>
        <identifiers>
          <isin value="LU0038705702"/>
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        <curCd>USD</curCd>
        <valUSD>3071517.84000000</valUSD>
        <pctVal>2.086445260705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PAREX RESOURCES INCORPORATED</name>
        <lei>N/A</lei>
        <title>PAREX RESOURCES INC COMMON STOCK</title>
        <cusip>69946Q104</cusip>
        <identifiers>
          <isin value="CA69946Q1046"/>
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        <balance>255264.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Grupo de Inversiones Suramericana S.A.</name>
        <lei>549300AC1Q176TZL0305</lei>
        <title>Grupo de Inversiones Suramericana SA PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COT13PA00060"/>
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        <balance>420544.00000000</balance>
        <units>NS</units>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>CO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Grupo Cibest S.A.</name>
        <lei>529900OSSJBGZREZ2C28</lei>
        <title>GRUPO CIBEST SA COMMON STOCK</title>
        <cusip>P49500104</cusip>
        <identifiers>
          <isin value="COTK7PA00010"/>
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        <balance>518425.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Grupo Cibest S.A.</name>
        <lei>529900OSSJBGZREZ2C28</lei>
        <title>Grupo Cibest SA PREFERRED STOCK</title>
        <cusip>P49500112</cusip>
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          <isin value="COTK7PA00028"/>
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        <balance>1178592.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Grupo Argos S.A.</name>
        <lei>254900HANAO95XIAE681</lei>
        <title>GRUPO ARGOS SA COMMON STOCK</title>
        <cusip>N/A</cusip>
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          <isin value="COT09PA00035"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Grupo Argos S.A.</name>
        <lei>254900HANAO95XIAE681</lei>
        <title>Grupo Argos SA/Colombia PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COT09PA00043"/>
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        <balance>525370.00000000</balance>
        <units>NS</units>
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        <assetCat>EP</assetCat>
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        <invCountry>CO</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tecnoglass Inc.</name>
        <lei>529900YRWTPOC2E6IO67</lei>
        <title>TECNOGLASS INC COMMON STOCK</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GeoPark Limited</name>
        <lei>529900ZR5QI19AH4KZ07</lei>
        <title>GEOPARK LTD COMMON STOCK</title>
        <cusip>G38327105</cusip>
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          <isin value="BMG383271050"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-01-31</ncom:dateSigned>
      <ncom:nameOfApplicant>GLOBAL X FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Joe Costello</ncom:signature>
      <ncom:signerName>Joe Costello</ncom:signerName>
      <ncom:title>CCO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
