605 Third Avenue, 43rd floor
New York, NY 10158
(Address of principal executive offices) (Zip code)

Jasmin M. Ali, Esquire
Global X Management Company LLC
605 Third Avenue, 43rd floor
New York, NY 10158
(Name and address of agent for service)

(a) A copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Investment Company Act of 1940, as amended (the “Act”) (17 CFR § 270.30e-1), is attached hereto.

Global X Funds

Global X Silver Miners ETF

Ticker: SIL

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2025

This semi-annual shareholder report contains important information about the Global X Silver Miners ETF (the "Fund") for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://www.globalxetfs.com/funds/sil/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Global X Silver Miners ETF	$33	0.65%

Key Fund Statistics as of April 30, 2025

	Total Net Assets	Number of Portfolio Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$1,504,060,378	48	$4,108,667	10.00%

What did the Fund invest in?

Asset/Country Weightings^{Footnote Reference*}

Value	Value
Repurchase Agreements	2.0%
Australia	0.7%
China	1.3%
Bosnia and Herzegovina	1.3%
Peru	5.7%
South Korea	6.1%
Mexico	8.4%
United States	9.3%
Brazil	23.0%
Canada	44.2%

Footnote	Description
Footnote*	Percentages are calculated based on total net assets.

Top Ten Holdings

Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
Wheaton Precious Metals			23.1%
Pan American Silver			13.5%
Osisko Gold Royalties			6.6%
Korea Zinc			6.1%
Hecla Mining			4.7%
Industrias Penoles			4.6%
First Majestic Silver			4.4%
Coeur Mining			4.4%
Fresnillo			3.8%
Cia de Minas Buenaventura SAA ADR			3.7%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

1-888-493-8631
https://www.globalxetfs.com/funds/sil/

GX-SA-SIL-2025

Global X Funds

Global X Copper Miners ETF

Ticker: COPX

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2025

This semi-annual shareholder report contains important information about the Global X Copper Miners ETF (the "Fund") for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://www.globalxetfs.com/funds/copx/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Global X Copper Miners ETF	$30	0.65%

Key Fund Statistics as of April 30, 2025

	Total Net Assets	Number of Portfolio Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$2,073,480,079	49	$8,367,582	9.12%

What did the Fund invest in?

Asset/Country Weightings^{Footnote Reference*}

Value	Value
Repurchase Agreements	2.2%
Other Countries	3.8%
Germany	3.5%
Congo, the Democratic Republic of	4.5%
Mexico	4.7%
Poland	4.7%
Sweden	4.8%
United States	4.9%
Zambia	5.0%
Japan	8.3%
Chile	9.5%
China	13.1%
Australia	14.9%
Canada	17.9%

Footnote	Description
Footnote*	Percentages are calculated based on total net assets.

Top Ten Holdings

Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
Sumitomo Metal Mining			5.1%
First Quantum Minerals			5.0%
Freeport-McMoRan			4.9%
Boliden			4.8%
BHP Group			4.8%
Antofagasta PLC			4.8%
Lundin Mining,			4.8%
KGHM Polska Miedz			4.7%
Southern Copper			4.7%
Teck Resources, Cl B			4.6%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

1-888-493-8631
https://www.globalxetfs.com/funds/copx/

GX-SA-COPX-2025

Global X Funds

Global X Gold Explorers ETF

Ticker: GOEX

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2025

This semi-annual shareholder report contains important information about the Global X Gold Explorers ETF (the "Fund") for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://www.globalxetfs.com/funds/goex/. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Global X Gold Explorers ETF	$36	0.65%

Key Fund Statistics as of April 30, 2025

	Total Net Assets	Number of Portfolio Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$57,578,822	54	$140,929	14.86%

What did the Fund invest in?

Asset/Country Weightings^{Footnote Reference*}

Value	Value
Repurchase Agreements	0.8%
Peru	0.5%
Colombia	0.9%
United Kingdom	1.7%
South Africa	1.9%
Turkey	4.6%
Indonesia	4.7%
United States	8.7%
Australia	30.1%
Canada	46.7%

Footnote	Description
Footnote*	Percentages are calculated based on total net assets.

Top Ten Holdings

Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
Lundin Gold			4.4%
Alamos Gold, Cl A			3.9%
Eldorado Gold			3.9%
Hecla Mining			3.9%
Coeur Mining			3.7%
New Gold			3.5%
Perseus Mining			3.3%
Torex Gold Resources			3.2%
Equinox Gold,			3.0%
OceanaGold			2.8%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

1-888-493-8631
https://www.globalxetfs.com/funds/goex/

GX-SA-GOEX-2025

Global X Funds

Global X Uranium ETF

Ticker: URA

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2025

This semi-annual shareholder report contains important information about the Global X Uranium ETF (the "Fund") for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://www.globalxetfs.com/funds/ura. You can also request this information by contacting us at 1-888-493-8631.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Global X Uranium ETF	$31	0.69%

Key Fund Statistics as of April 30, 2025

	Total Net Assets	Number of Portfolio Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$2,673,626,324	58	$11,114,240	4.56%

What did the Fund invest in?

Asset/Country Weightings^{Footnote Reference*}

Value	Value
Repurchase Agreements	8.9%
China	1.0%
United Kingdom	2.6%
South Africa	2.8%
Kazakhstan	4.5%
Japan	5.6%
Exchange-Traded Fund	8.4%
Australia	10.7%
South Korea	13.4%
United States	16.1%
Canada	34.8%

Footnote	Description
Footnote*	Percentages are calculated based on total net assets.

Top Ten Holdings

Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
Cameco			22.3%
Sprott Physical Uranium Trust			8.4%
NexGen Energy			5.7%
Uranium Energy^{Footnote Reference**}			4.5%
NAC Kazatomprom JSC GDR			4.5%
NuScale Power			3.5%
Hyundai Engineering & Construction			3.5%
Oklo, Cl A			3.4%
Mitsubishi Heavy Industries			3.2%
Doosan Enerbility			3.1%

Footnote	Description
Footnote^**	Affiliated Investment
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

1-888-493-8631
https://www.globalxetfs.com/funds/ura

GX-SA-URA-2025

(a) The Schedules of Investments and Consolidated Schedules of Investments are included as part of the financial statements and financial highlights filed under Item 7 of this form.

Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

Global X Silver Miners ETF (ticker: SIL)
Global X Copper Miners ETF (ticker: COPX)
Global X Gold Explorers ETF (ticker: GOEX)
Global X Uranium ETF (ticker: URA)

Shares are bought and sold at market price (not net asset value (“NAV”)) and are not individually redeemed from a Fund. Shares may only be redeemed directly from a Fund by Authorized Participants, in very large creation/ redemption units. Brokerage commissions will reduce returns.

The following is a summary of the level of inputs used as of April 30, 2025, in valuing the Fund’s investments carried at value:

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value.

For the period ended April 30, 2025, transfers in and out of Level 3 were due to the availability of observable inputs to determine fair value.

The following is a summary of the level of inputs used as of April 30, 2025, in valuing the Fund’s investments carried at value:

The following is a summary of the Fund’s transactions with affiliates for the period ended April 30, 2025:

The Global X Funds (the “Trust”) is a Delaware statutory trust formed on March 6, 2008. The Trust is registered under the Investment Company Act of 1940 (the “1940 Act”), as amended, as an open-end management investment company. As of April 30, 2025, the Trust had one hundred and six portfolios, ninety-five of which were operational. The financial statements herein and the related notes pertain to the Global X Silver Miners ETF, Global X Copper Miners ETF, Global X Gold Explorers ETF and Global X Uranium ETF (each, a “Fund” and collectively, the “Funds”). Each Fund (except the Global X Gold Explorers ETF) has elected non-diversified status under the 1940 Act.

The following is a summary of the significant accounting policies followed by the Funds:

USE OF ESTIMATES — The Funds are investment companies that apply the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board (“FASB”). The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could materially differ from those estimates.

RETURN OF CAPITAL ESTIMATES — Distributions received by the Funds from underlying master limited partnership (“MLP”) and real estate investment trust (“REIT”) investments generally are comprised of income and return of capital. The Funds record investment income and return of capital based on estimates made at the time such distributions are received. Such estimates are based on historical information available from the MLPs, REITs and other industry sources. These estimates may subsequently be revised based on information received from the MLPs and REITs after their tax reporting periods are concluded.

SECURITY VALUATION — Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on the NASDAQ Stock Market (“NASDAQ”)), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded (or at approximately 4:00 pm Eastern Standard Time if a security’s primary exchange is normally open at that time), or, if there is no such reported sale, at the most recent mean between the quoted bid and asked prices, which approximates fair value (absent both bid and asked prices on such exchange, the bid price may be used). For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used. The prices for foreign securities are reported in local currency and converted to U.S. dollars using currency exchange rates as of the reporting date. The exchange rates used by the Trust for valuation are captured as of the New York or London close each day.

Securities for which market prices are not “readily available” are valued in accordance with fair value procedures (the “Fair Value Procedures”) established by Global X Management Company LLC, the Funds’ investment adviser (the “Adviser”), and approved by the Funds’ Board of Trustees (the “Board”). Pursuant to Rule 2a-5 under the 1940 Act, the Board has designated the Adviser as the “valuation designee” to determine the fair value of securities and other instruments for which no readily available market quotations are available. The Fair Value Procedures are implemented through a fair value committee (the “Committee”) of the Adviser. Some of the more common reasons that may necessitate that a security be valued using the Fair Value Procedures include: the security’s trading has been halted or suspended; the security has been de-listed from its primary trading exchange; the security’s primary trading market is temporarily closed at a time when, under normal conditions, it would be open; the security has not been traded for an extended period of time; the security’s primary pricing source is not able or willing to provide a price; or trading of the security is subject to local government-imposed restrictions. In addition, the Funds may fair value a security if an event that may materially affect the value of the Funds’security that traded outside of the United States (a “Significant Event”) has occurred between the time of the security’s last close and the time that each Fund calculates its net asset value (“NAV”). A Significant Event may relate to a single issuer or to an entire market sector. Events that may be Significant Events include: government actions, natural disasters, armed conflict, acts of terrorism and significant market fluctuations. If the Adviser becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which the Funds calculate their NAV, it may request that a Committee meeting be called. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration all relevant information reasonably available to the Committee.

If available, debt securities are priced based upon valuations provided by independent, third-party pricing agents. Such values generally reflect the last reported sales price if the security is actively traded. The third-party pricing agents may also value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations, or other methodologies designed to identify the market value for such securities. Debt obligations with remaining maturities of sixty days or less will be valued at their market value. Prices for most securities held by the Funds are provided daily by recognized independent pricing agents. If a security price cannot be obtained from an independent, third-party pricing agent, the Funds seek to obtain a bid price from at least one independent broker.

In accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP, the Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset

or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date

Level 2 – Other significant observable inputs (including quoted prices in non-active markets, quoted prices for similar investments, fair value of investments for which the Funds have the ability to fully redeem tranches at NAV as of the measurement date or within the near term, and short-term investments valued at amortized cost)

Level 3 – Significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments and fair value of investments for which the Funds do not have the ability to fully redeem tranches at NAV as of the measurement date or within the near term)

Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement. For details of the investment classification, reference the Schedules of Investments.

The unobservable inputs used to determine fair value of Level 3 assets may have similar or diverging impacts on valuation. Significant increases and decreases in these inputs in isolation and interrelationships between those inputs could result in significantly higher or lower fair value measurement.

DUE TO/FROM BROKERS — Due to/from brokers includes cash and collateral balances with the Funds’ clearing brokers or counterparties as of April 30, 2025. The Funds continuously monitor the credit standing of each broker or counterparty with whom they conduct business. In the event a broker or counterparty is unable to fulfill its obligations, the Funds would be subject to counterparty credit risk.

REPURCHASE AGREEMENTS — Securities pledged as collateral for repurchase agreements are held by The Bank of New York Mellon (“BNY Mellon”) in its role as Custodian to the Funds (the “Custodian”), and are designated as being held on each Fund’s behalf by the Custodian under a book-entry system. Each Fund monitors the adequacy of the collateral on a daily basis and can require the seller to provide additional collateral in the event the market value of the securities pledged falls below the carrying value of the repurchase agreement, including accrued interest.

It is each Fund’s policy to only enter into repurchase agreements with banks and other financial institutions which are deemed by the Adviser to be creditworthy. The Funds bear the risk of loss in the event that the counterparty to a repurchase agreement defaults on its obligations, and the Funds are prevented from exercising their rights to dispose of the underlying securities received as collateral. For financial statement purposes, the Funds record the securities lending collateral (included in repurchase agreements, at value or restricted cash) as an asset and the obligation to return securities lending collateral as a liability on the Statements of Assets and Liabilities.

Repurchase agreements are entered into by the Funds under Master Repurchase Agreements (“MRA”) which permit the Funds, under certain circumstances, including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under an MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Funds.

FEDERAL INCOME TAXES — It is each Fund’s intention to qualify, or continue to qualify, as a regulated investment company for Federal income tax purposes by complying with the appropriate provisions of Subchapter M of the Internal Revenue Code of 1986, as amended. Accordingly, no provisions for Federal income taxes have been made in the financial statements.

The Funds evaluate tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns to determine whether it is “more-likely-than-not” (i.e., greater than 50 percent) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. The Funds did not record any tax positions in the current period. Management’s conclusions regarding tax positions may be subject to review and adjustment at a later date based on factors including, but not limited to, examination by tax authorities (i.e., the last three tax year ends, as applicable) and on-going analysis of and changes to tax laws and regulations, and interpretations thereof.

If a Fund has foreign tax filings that have not been made, the tax years that remain subject to examination may date back to the inception of the Fund.

As of and during the period ended April 30, 2025, the Funds did not have a liability for any unrecognized tax benefits. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense on the Statements of Operations. During the reporting period, the Funds did not incur any interest or penalties.

SECURITY TRANSACTIONS AND INVESTMENT INCOME — Security transactions are accounted for on the trade date for financial reporting purposes. Costs used in determining realized gains and losses on the sale of investment securities are based on

specific identification. Dividend income is recorded on the ex-dividend date. Interest income is recognized on the accrual basis from the settlement date. Amortization of premiums and accretion of discounts is included in interest income.

FOREIGN CURRENCY TRANSACTIONS AND TRANSLATION — The books and records of the Funds are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars on the date of valuation. Purchases and sales of investment securities, income and expenses are translated into U.S. dollars at the relevant rates of exchange prevailing on the respective dates of such transactions. The Funds do not isolate that portion of realized or unrealized gains and losses resulting from changes in the foreign exchange rate from fluctuations arising from changes in the market prices of the securities. These gains and losses are included in net realized and unrealized gains and losses on investments on the Statements of Operations. Net realized and unrealized gains and losses on foreign currency transactions and translations represent net foreign exchange gains or losses from foreign currency spot contracts, disposition of foreign currencies, currency gains or losses realized between trade and settlement dates on securities transactions and the difference between the amount of the investment income and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent amounts actually received or paid.

DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS — The Funds distribute their net investment income on a pro rata basis. Any net investment income and net realized capital gains are distributed at least annually. All distributions are recorded on the ex-dividend date.

CREATION UNITS — The Funds issue and redeem their shares (“Shares”) on a continuous basis at NAV and only in large blocks of 10,000 Shares, referred to as “Creation Units”. Purchasers of Creation Units (each an “Authorized Participant”) at NAV must pay a standard creation transaction fee per transaction. The fee is a single charge and will be the same regardless of the number of Creation Units purchased by an Authorized Participant on the same day. An Authorized Participant who holds Creation Units and wishes to redeem at NAV would also pay a standard redemption fee per transaction to BNY Mellon on the date of such redemption, regardless of the number of Creation Units redeemed that day. If a Creation Unit is purchased or redeemed for cash, an additional variable fee may be charged. The following table discloses Creation Unit breakdown:

CASH OVERDRAFT CHARGES — Per the terms of an agreement with BNY Mellon, if a Fund has a cash overdraft, it will be charged interest at a rate then charged by BNY Mellon to its institutional custody clients in the relevant currency. Cash overdraft charges are included in custodian fees on the Statements of Operations.

SEGMENT REPORTING — The Funds have adopted Financial Accounting Standards Board Update 2023-07, Segment Reporting (Topic 280) — Improvements to Reportable Segment Disclosures (“ASU 2023-07”) during the period, with the intent of improving reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses, allowing financial statement users to better understand the components of a segment’s profit or loss and assess potential future cash flows for each reportable segment and the entity as a whole, thereby enabling better understanding of how an entity’s segments impact overall performance. The Funds’ adoption of ASU 2023- 07 impacted financial statement disclosures only and did not affect the Funds’ financial position or results of operations.

The Adviser’s Chief Financial Officer acts as each Fund’s Chief Operating Decision Maker (“CODM”) and is responsible for assessing performance and allocating resources with respect to the Funds. The CODM has concluded that each Fund operates as a single operating segment since each Fund has a single investment strategy as disclosed in its prospectus, against which the CODM assesses performance. The financial information provided to and reviewed by the CODM is presented within each Fund’s financial statements.

On July 2, 2018, the Adviser consummated a transaction pursuant to which it became an indirect, wholly-owned subsidiary of Mirae Asset Global Investments Co., Ltd. (“Mirae”). In this manner, the Adviser is ultimately controlled by Mirae.

The Adviser serves as the investment adviser and the administrator for the Funds. Subject to the supervision of the Board, the Adviser is responsible for managing the investment activities of the Funds and the Funds’ business affairs and other administrative matters and provides, or causes to be furnished, all supervisory, administrative and other services reasonably necessary for the operation of the Funds, including certain distribution services (provided pursuant to a separate distribution agreement), certain shareholder and distribution-related services (provided pursuant to a separate Rule 12b-1 Plan and related agreements) and investment advisory services (provided pursuant to a separate Investment Advisory Agreement), under what is essentially an “all-in” fee structure. For the Adviser’s service to the respective Funds, under a supervision and administration agreement (the “Supervision and Administration Agreement”), each Fund pays a monthly fee to the Adviser at the annual rate below (stated as a percentage of the average daily net assets of the Fund) (the “Supervision and Administrative Fee”). In addition, the Funds bear other expenses, directly and indirectly, that are not covered by the Supervision and

Administration Agreement, which may vary and affect the total expense ratios of the Funds, such as taxes, brokerage fees, commissions, certain custodian fees, acquired fund fees and other transaction expenses, interest expenses and extraordinary expenses (such as litigation and indemnification expenses).

The following table discloses supervision and administration fees payable pursuant to the Supervision and Administration Agreement:

SEI Investments Global Funds Services (“SEIGFS”) serves as sub-administrator to the Funds. As sub-administrator, SEIGFS provides the Funds with all the required general administrative services, including, without limitation: office space, equipment, and personnel; clerical and general back office services; bookkeeping, internal accounting and secretarial services; the calculation of NAV; and assistance with the preparation and filing of reports, registration statements, proxy statements and other materials required to be filed or furnished by the Funds under federal and state securities laws. As compensation for these services, SEIGFS receives certain out-of-pocket costs, transaction fees and asset-based fees which are accrued daily and paid monthly by the Adviser.

SEI Investments Distribution Co. (“SIDCO”) serves as the Funds’ underwriter and distributor of Creation Units pursuant to a distribution agreement (the “Distribution Agreement”). SIDCO has no obligation to sell any specific quantity of Shares of the Funds. SIDCO bears the following costs and expenses relating to the distribution of Shares: (1) the costs of processing and maintaining records of creations of Creation Units; (2) all costs of maintaining the records required of a registered broker/dealer; (3) the expenses of maintaining its registration or qualification as a dealer or broker under federal or state laws; (4) filing fees; and (5) all other expenses incurred in connection with the distribution services as contemplated in the Distribution Agreement. SIDCO receives no fee from the Funds for its distribution services under the Distribution Agreement; rather, the Adviser compensates SIDCO for certain expenses, out-of-pocket costs, and transaction fees.

BNY Mellon serves as Custodian and transfer agent to the Trust on behalf of the Funds. BNY Mellon may appoint domestic and foreign sub-custodians and use depositories from time to time to hold securities and other instruments purchased by the Trust in foreign countries and to hold cash and currencies for the Trust. Under its transfer agency agreement with the Trust, BNY Mellon has undertaken with the Trust to provide the following services

with respect to the Funds: (i) perform and facilitate the performance of purchases and redemptions of Creation Units, (ii) prepare and transmit by means of Depository Trust Company’s book-entry system payments for dividends and distributions on or with respect to the Shares declared by the Trust on behalf of the Funds, as applicable, (iii) prepare and deliver reports, information and documents as specified in the transfer agency agreement, (iv) perform the customary upon services of a transfer agent and dividend disbursing agent, and (v) render certain other miscellaneous services as specified in the transfer agency agreement or as otherwise agreed upon.

For the period ended April 30, 2025, the purchases and sales of investments in securities, excluding in-kind transactions, long-term U.S. Government and short-term securities were:

For the period ended April 30, 2025, in-kind transactions associated with creations and redemptions were:

During the period ended April 30, 2025, there were no purchases or sales of long-term U.S. Government securities for the Funds.

The amount and character of income and capital gain distributions to be paid, if any, are determined in accordance with Federal income tax regulations, which may differ from U.S. GAAP. As a result, net investment income (loss) and net realized gain (loss) on investment transactions for a reporting period may differ significantly from distributions during such period. These book/tax differences may be temporary or permanent. To the extent these differences are permanent in nature, they are charged or credited to undistributed net investment income (loss), accumulated net realized gain (loss) or paid-in capital, as appropriate, in the period that the differences arise.

The differences have been reclassified on the Statements of Assets and Liabilities to/from the Paid-in-Capital and Total Earnings (Accumulated Losses) accounts during the fiscal year ended October 31, 2024 are primarily attributable to redemptions in-kind and sales of passive foreign investment companies.

The tax character of dividends and distributions declared during the years ended October 31, 2024 and 2023 were as follows:

As of October 31, 2024, the components of tax basis accumulated losses were as follows:

For taxable years beginning after December 22, 2010, a Registered Investment Company within the meaning of the 1940 Act is permitted to carry forward net capital losses to offset capital gains realized in later years, and the losses carried forward retain their original character as either long-term or short-term losses.

The Federal tax cost and aggregate gross unrealized appreciation and depreciation on investments held by the Funds at April 30, 2025 were as follows:

The preceding differences between book and tax cost are primarily due to mark-to-market treatment of passive foreign investment companies and wash sales.

The Funds invest in securities of foreign issuers in various countries. These investments may involve certain considerations and risks not typically associated with investments in the United States as a result of, among other factors, the possibility of future political and economic developments and the level of governmental supervision and regulation of securities markets in the respective countries.

The securities markets of emerging market countries are less liquid, subject to greater price volatility, and have a smaller market capitalization than the U.S. securities markets. In certain countries, there may be fewer publicly traded securities and the market may be dominated by a few issuers or sectors. Issuers and securities markets in such countries are not subject to as extensive and frequent accounting, financial and other reporting requirements or as comprehensive government regulations as are issuers and securities markets in the United States. In particular, the assets and profits appearing on the financial statements of emerging market country issuers may not reflect their financial position or results of operations in the same manner as financial statements for U.S. issuers. Substantially less information may be publicly available about emerging market country issuers than is available about issuers in the United States.

The Funds may be subject to taxes imposed by countries in which they invest. Such taxes are generally based on either income or gains earned or repatriated. The Funds accrue and apply such taxes to net investment income, net realized gains and net unrealized gains as income and/or capital gains are earned.

The Funds use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of an underlying index (also known as a secondary index) in approximately the same proportions as in the underlying index. Each Fund may utilize a representative sampling strategy with respect to its underlying index when a replication strategy might be detrimental to its shareholders, such as when there are practical

difficulties or substantial costs involved in compiling a portfolio of equity securities to follow its underlying index, or, in certain instances, when securities in the underlying index become temporarily illiquid, unavailable or less liquid, or due to legal restrictions (such as diversification requirements that apply to the Funds but not the underlying indexes). Commodity related securities are susceptible to fluctuations in certain commodity markets.

Certain Funds may invest in commodity related securities, which are susceptible to fluctuations in certain commodity markets. Any negative changes in commodity markets could have a great impact on those securities.

Please refer to each Fund’s prospectus and statement of additional information (“SAI”) for a more complete description of risks.

Each Fund may lend portfolio securities having a market value up to one-third of its total assets. Security loans made pursuant to securities lending agreements with BNY Mellon are initially required to be secured by collateral equal to at least 102% of the value of domestic equity securities and American Depositary Receipts (“ADRs”) and 105% of the value of foreign equity securities (other than ADRs). Such collateral received in connection with these loans will be cash and can be invested in repurchase agreements, short-term investments or U.S. Treasury obligations and is recognized in the Schedules of Investments and Statements of Assets and Liabilities. The obligation to return securities lending collateral is also recognized as a liability in the Statements of Assets and Liabilities. It is each Fund’s 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.

Securities pledged as collateral for repurchase agreements held in the Funds are held by BNY Mellon and are designated as being held on the Fund’s behalf under a book-entry system. The Funds monitor the adequacy of the collateral on a daily basis and can require the seller to provide additional collateral in the event the market value of the securities pledged falls below the carrying value of the repurchase agreement, including accrued interest. It is each Fund’s policy to only enter into repurchase agreements with banks and other financial institutions which are deemed by the Adviser to be creditworthy. The Funds bear the risk of loss in the event the other party to a repurchase agreement defaults on its obligations and the Funds are prevented from exercising its rights to dispose of the underlying securities received as collateral and the risk of a possible decline in the value of the underlying securities during the period. For financial statement purposes, the Funds record the securities lending collateral (including in repurchase agreements, at value or restricted cash) as an asset and the obligation to return securities lending collateral as a liability- on the Statement of Assets and Liabilities.

Cash collateral received in connection with securities lending is invested in repurchase agreements and short-term investments by the lending agent. The Funds do not have effective control of the non-cash collateral and therefore it is not disclosed in each Fund’s Schedule of Investments.

Securities lending transactions are entered into by the Funds under the Securities Lending Agreement, which permits a Fund, under certain circumstances such as an event of default, to offset amounts payable by the Fund to the same counterparty against amounts receivable from the counterparty to create a net payment due to or from the Fund.

Income from securities lending is determined by the amount of interest earned on collateral, net of any rebate and securities lending agent fees.

The following is a summary of securities lending agreements held by the Funds, with cash collateral of overnight maturities and non-cash collateral, which would be subject to offset as of April 30, 2025.

The value of loaned securities and related collateral outstanding at April 30, 2025 are shown in the Schedules of Investments. The value of the collateral held may be temporarily less than that required under the lending contract. As of April 30, 2025, the cash collateral was invested in repurchase agreements and the non-cash collateral consisted of U.S.

Treasury Bills, Notes, Bonds and U.S. Treasury Inflation Indexed Bonds with the following maturities:

The Funds enter into contracts in the normal course of business that contain a variety of indemnifications. The Funds’ maximum exposure under these contracts is unknown, however, the Funds have not had prior gains or losses pursuant to these contracts. Management has reviewed the Funds’ existing contracts and expects the risk of loss to be remote.

Pursuant to the Trust’s organizational documents, the Trustees of the Trust and the Trust’s officers are indemnified against certain liabilities that may arise out of the performance of their duties.

The Funds have been evaluated by management regarding the need for additional disclosures and/or adjustments resulting from subsequent events. Based on this evaluation, no additional adjustments were required to the financial statements.

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

There were no matters submitted to a vote of shareholders during the period covered by this report.

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

(1) No remuneration was paid by the company during the period covered by the report to any Trustees on the company’s Board of Trustees for regular compensation.

(2) No remuneration was paid by the company during the period covered by the report to any Trustees on the company’s Board of Trustees for special compensation.

(3) No remuneration was paid by the company during the period covered by the report to any Officers of the company.

(4) No remuneration was paid by the company during the period covered by the report to any Officer or Trustee of the company who is an affiliated person.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

Section 15(c) of the Investment Company Act of 1940, as amended (“1940 Act”), requires that the board of trustees of an exchange-traded fund (“ETF”), including a majority of those trustees who are not “interested persons” of the ETF, as defined in the 1940 Act (“Independent Trustees”), consider on an initial basis and periodically thereafter (as required by the 1940 Act), at an in person meeting called for such purpose, the terms of each ETF’s investment advisory agreement and whether to approve entering into, or renewing, each agreement.

At a Board meeting of the Global X Funds (the “Trust”) held on November 19, 2024 (the “November Board Meeting”), called for such purpose, the Board of Trustees (the “Board”) (including the Trust’s Independent Trustees, voting separately) considered and unanimously approved the continuation of (i) the Investment Advisory Agreement (“Renewal Investment Advisory Agreement”) for each Fund included in this Form N-CSR (each, a “Renewal Fund” and together, the “Renewal Funds”); and (ii) the Supervision and Administration Agreement (“Renewal Supervision and Administration Agreement”) between the Trust, on behalf of each Renewal Fund, and Global X Management Company LLC (“Global X Management”). The Renewal Investment Advisory Agreement and the Renewal Supervision and Administration Agreement are referred to herein as the “Renewal Agreements.”

In advance of the November Board Meeting, the Board (including the Trust’s Independent Trustees) and the Independent Trustees’ independent legal counsel requested (in writing) detailed information from Global X Management in connection with the Board’s consideration of the Renewal Agreements and received and reviewed written responses from Global X Management, as well as supporting materials relating to those requests for information. In the course of their consideration of the Renewal Agreements, the Trust’s Independent Trustees were advised by their independent legal counsel and, in addition to meetings with management of Global X Management, the Independent Trustees met separately in executive sessions with their counsel.

In determining to approve the continuation of the Renewal Agreements for each Renewal Fund, the Board considered a variety of factors, including the factors discussed in greater detail below.

The Board considered the nature, extent and quality of all of the services (including advisory, administrative and compliance services) that have been provided by Global X Management or made available to the Renewal Funds. With respect to this factor, the Board considered:

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Renewal Funds by Global X Management.

The Board considered the performance of each Renewal Fund. They examined the performance of the Renewal Funds for the one-year, three-year, five-year and since-inception periods, as applicable. Also, the Board considered the total return and investments performance of the Renewal Funds relative to (i) the performance of unaffiliated comparable ETFs and/or other registered funds, which performance information is publicly available from such registered funds, as well as other third-party sources; and (ii) the performance of pertinent indexes. The Board considered instances of underperformance and overperformance with respect to the competitor funds. Specifically, the Board considered:

The Board noted that each Renewal Fund’s performance was positive over the one-, three-, and five-year or since-inception periods, as applicable. Based on these considerations and comparisons, the Board concluded that the investment performance of the Renewal

Funds did not adversely affect the Board’s approval of the continuance of the Renewal Agreements.

The Board considered Global X Management’s cost to provide investment management, supervision and administrative and related services to the Renewal Funds. In this regard, the Board considered the management fee (“Management Fee”) that has been borne or is expected to be borne by the Renewal Funds under the Renewal Agreements for the various investment advisory, supervisory and administrative services that the Renewal Funds require under a unitary fee structure (including the types of fees and expenses that are not included within the unitary fee and would be borne by the Renewal Funds).

In addition, the Board considered expected profitability to Global X Management, as applicable, from all services provided or expected to be provided to the Renewal Funds and all aspects of Global X Management’s relationship with the Renewal Funds. In connection with these considerations, Global X Management provided the Board with financial information regarding its operations and the services provided to the Renewal Funds and discussed with the Board its current and expected profitability, as applicable, with respect to the Renewal Funds.

Based on these considerations, the Board concluded that the Management Fee rate paid by the Renewal Funds to Global X Management, in light of the nature, extent and quality of the services provided, was reasonable and in the best interests of the Renewal Funds’ shareholders.

The Board considered fees charged to the Renewal Funds for advisory services. With respect to this factor, the Board considered:

Based on these considerations, the Board concluded that the services received and the fees charged under the Renewal Agreements were reasonable on a comparative basis.

The Board considered the existence of any economies of scale and the extent to which economies of scale would be realized as the Renewal Funds grow and whether the unitary

Management Fee for the Renewal Funds reflected these economies of scale, including through the implementation of expense limitations. With respect to this factor, the Board also considered:

Based on these considerations, the Board concluded that the unitary Management Fee for the Renewal Funds appropriately addressed economies of scale.

In considering the Renewal Agreements, in addition to the factors above, the Board considered any other benefits realized by Global X Management as a result of its relationships with the Renewal Funds.

After full consideration of the factors above, as well as other factors that were instructive in its consideration, the Board, including all of the Trust’s Independent Trustees voting separately, concluded, in the exercise of its business judgement, that the Renewal Agreements were fair and reasonable and in the best interest of each Renewal Fund.

In reaching this decision, the Board did not assign relative weights to the factors above nor did the Board deem any one factor or group of them to be controlling in and of themselves. Each member of the Board may have assigned different weights to the various factors.

This information must be preceded or accompanied by a current prospectus for the Funds described.

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Item 14. Purchases of Equity Securities by Closed-End Management Company and Affiliated Purchasers.

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors.

(a) The certifying officers, whose certifications are included herewith, have evaluated the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act) within 90 days of the filing date of this report. In their opinion, based on their evaluation, the registrant’s disclosure controls and procedures are adequately designed, and are operating effectively to ensure, that information required to be disclosed by the registrant in the reports it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

	Shares		Value
COMMON STOCK — 100.0%
AUSTRALIA — 0.7%
Materials — 0.7%
Andean Silver *		3,030,499	$	2,036,013
Kingsgate Consolidated ^{* (A)}		5,239,782		5,632,480
Silver Mines ^{* (A)}		39,775,289		2,799,518

TOTAL AUSTRALIA				10,468,011
BOSNIA AND HERZEGOVINA — 1.3%
Materials — 1.3%
Adriatic Metals, Cl CDI ^{* (A)}		7,089,921		19,280,020

BRAZIL — 23.0%
Materials — 23.0%
Wheaton Precious Metals ^(A)		4,152,683		346,832,084

CANADA — 44.2%
Materials — 44.2%
AbraSilver Resource ^{* (A)}		3,238,069		7,431,173
Aftermath Silver ^{* (A)}		4,975,487		1,674,945
Americas Gold & Silver *		10,171,936		6,259,426
Andean Precious Metals *		1,013,613		1,511,651
Avino Silver & Gold Mines *		3,228,019		7,057,567
Aya Gold & Silver *		2,860,591		19,632,522
Blackrock Silver *		6,109,615		1,614,428
Discovery Silver *		7,366,047		14,718,229
Dolly Varden Silver *		1,137,081		3,012,898
Endeavour Silver ^{* (A)}		5,981,584		21,772,966
First Majestic Silver ^(A)		10,600,447		66,075,327
Fortuna Mining *		7,538,561		46,935,224
GoGold Resources *		7,364,356		9,436,697
Guanajuato Silver *		10,265,573		1,226,250
Integra Resources *		3,649,906		6,288,841
MAG Silver ^(A)		2,269,680		35,179,794
McEwen Mining ^{* (A)}		1,073,395		8,372,481
New Pacific Metals ^{* (A)}		2,173,454		2,580,514
Osisko Gold Royalties		4,153,239		99,343,384
Pan American Silver ^(A)		8,067,021		203,127,589
Prime Mining *		2,667,106		2,819,065
Santacruz Silver Mining *		7,812,592		2,827,985

	Shares		Value
COMMON STOCK — continued
Materials — continued
SSR Mining ^*		4,876,683	$	51,887,907
Triple Flag Precious Metals		1,462,405		30,289,877
Vizsla Silver ^*		6,371,040		13,375,817

TOTAL CANADA				664,452,557
CHINA — 1.3%
Materials — 1.3%
Silvercorp Metals		5,097,699		19,006,117

MEXICO — 8.4%
Materials — 8.4%
Fresnillo		4,302,049		57,577,478
Industrias Penoles ^*		3,487,324		69,673,438

TOTAL MEXICO				127,250,916
PERU — 5.7%
Materials — 5.7%
Cia de Minas Buenaventura SAA ADR		3,982,522		56,392,511
Hochschild Mining ^*		7,744,664		29,192,357

TOTAL PERU				85,584,868
SOUTH KOREA — 6.1%
Materials — 6.1%
Korea Zinc		163,330		91,690,004

UNITED STATES — 9.3%
Materials — 9.3%
Coeur Mining ^*		11,837,619		65,698,786
Gold Resource ^*		2,098,800		1,315,318
Hecla Mining		12,392,621		70,885,792
Hycroft Mining Holding ^{* (A)}		463,361		1,598,595

TOTAL UNITED STATES				139,498,491
TOTAL COMMON STOCK (Cost $1,225,795,817)				1,504,063,068

	Face Amount		Value
REPURCHASE AGREEMENTS^(B)— 2.0%
Bank of America Securities, Inc. 4.380%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $2,303,045 (collateralized by various U.S. Government Obligations, ranging in par value $3,742 - $1,076,627, 2.000% - 6.000%, 05/01/2036 - 04/01/2055, with a total market value of $2,339,301)	$	2,302,765	$	2,302,765
Citigroup Global Markets, Inc. 4.360%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $7,076,639 (collateralized by various U.S. Treasury Obligations, ranging in par value $340,140 - $4,030,805, 4.000% - 4.250%, 01/31/2029 - 11/15/2034, with a total market value of $7,116,608)		7,075,782		7,075,782
Daiwa Capital Markets America, Inc. 4.370%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $5,808,936 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $430 - $1,210,554, 1.500% - 7.500%, 04/30/2027 - 05/01/2055, with a total market value of $5,900,318)		5,808,231		5,808,231
HSBC Securities USA, Inc. 4.370%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $2,951,327 (collateralized by various U.S. Treasury Obligations, ranging in par value $12,189 - $3,581,788, 0.000% - 3.625%, 04/15/2028 - 11/15/2054, with a total market value of $3,007,762)		2,950,969		2,950,969
HSBC Securities USA, Inc. 4.380%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $4,125,315 (collateralized by various U.S. Government Obligations, ranging in par value $495 - $1,631,147, 1.170% - 6.500%, 05/01/2028 - 04/01/2055, with a total market value of $4,194,196)		4,124,813		4,124,813

	Face Amount		Value
REPURCHASE AGREEMENTS^(B)— continued
Natwest Markets Securities, Inc. 4.360%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $3,880,502 (collateralized by various U.S. Treasury Obligations, ranging in par value $692 - $793,631, 0.000% - 5.500%, 06/03/2025 - 02/15/2046, with a total market value of $3,927,456)	$	3,880,032	$	3,880,032
Nomura Securities International, Inc. 4.360%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $1,466,483 (collateralized by various U.S. Government Obligations, ranging in par value $859 - $547,105, 2.000% - 6.848%, 10/01/2030 - 01/01/2059, with a total market value of $1,490,877)		1,466,305		1,466,305
RBC Dominion Securities, Inc. 4.370%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $2,501,119 (collateralized by various U.S. Government Obligations, ranging in par value $316 - $4,238,495, 2.000% - 7.500%, 01/01/2034 - 09/15/2059, with a total market value of $2,542,398)		2,500,815		2,500,815
TOTAL REPURCHASE AGREEMENTS (Cost $30,109,712)				30,109,712
TOTAL INVESTMENTS — 102.0% (Cost $1,255,905,529)			$	1,534,172,780

*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at April 30, 2025. The total market value of securities on loan at April 30, 2025 was $30,987,273.
(B)	These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2025 was $30,109,712. The total value of non-cash collateral held from securities on loan as of April 30, 2025 was $3,172,370.

Financial Statements (Form N-CSRS Item 7)
Schedules of Investments
Global X Silver Miners ETF	1
Global X Copper Miners ETF	6
Global X Gold Explorers ETF	12
Global X Uranium ETF	17
Glossary	24
Statements of Assets and Liabilities	25
Statements of Operations	27
Statements of Changes in Net Assets	29
Financial Highlights	31
Notes to Financial Statements	35
Other Information (Form N-CSRS Items 8-11)	48

Schedule of Investments		April 30, 2025 (Unaudited)
Global X Silver Miners ETF

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,504,063,068	$	—	$	—	$	1,504,063,068
Repurchase Agreements		—		30,109,712		—		30,109,712
Total Investments in Securities	$	1,504,063,068	$	30,109,712	$	—	$	1,534,172,780

	Shares		Value
COMMON STOCK — 99.6%
AUSTRALIA — 14.9%
Materials — 14.9%
BHP Group		4,052,562	$	99,027,649
Develop Global ^{* (A)}		5,346,216		11,083,289
Glencore		27,365,145		89,332,302
Metals Acquisition, Cl A ^{* (A)}		1,873,935		16,846,676
Sandfire Resources *		12,615,320		80,476,777
SolGold ^{* (A)}		37,627,946		3,397,557
WA1 Resources *		1,178,192		9,521,307

TOTAL AUSTRALIA				309,685,557
BRAZIL — 1.6%
Materials — 1.6%
ERO Copper ^{* (A)}		2,601,586		32,432,716

CANADA — 17.9%
Materials — 17.9%
Altius Minerals		1,021,699		20,037,520
Capstone Copper *		15,217,179		73,149,981
Foran Mining *		8,661,388		21,131,454
HudBay Minerals		10,919,081		79,286,456
Luca Mining *		5,251,566		5,664,833
NGEx Minerals *		3,548,888		31,062,083
Northern Dynasty Minerals *		14,482,730		16,566,071
Solaris Resources *		2,423,806		10,791,578
Taseko Mines *		8,316,255		18,961,061
Teck Resources, Cl B		2,793,904		94,761,748

TOTAL CANADA				371,412,785
CHILE — 9.5%
Materials — 9.5%
Antofagasta PLC		4,528,794		98,782,115
Lundin Mining		12,063,552		98,513,622

TOTAL CHILE				197,295,737
CHINA — 13.1%
Materials — 13.1%
China Gold International Resources		6,572,500		41,487,598

	Face Amount		Value
REPURCHASE AGREEMENTS^(C)— continued
Citigroup Global Markets, Inc. 4.360%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $9,541,044 (collateralized by various U.S. Government Obligations, ranging in par value $458,592 - $5,434,514, 4.000% - 4.250%, 01/31/2029 - 11/15/2034, with a total market value of $9,594,933)	$	9,539,889	$	9,539,889
Citigroup Global Markets, Inc. 4.370%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $1,199,168 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $855 - $524,507, 0.000% - 7.091%, 05/15/2030 - 04/01/2055, with a total market value of $1,217,792)		1,199,022		1,199,022
Daiwa Capital Markets America, Inc. 4.370%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $8,816,219 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $653 - $1,837,257, 1.500% - 7.500%, 04/30/2027 - 05/01/2055, with a total market value of $8,954,910)		8,815,149		8,815,149
HSBC Securities USA, Inc. 4.370%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $4,479,228 (collateralized by various U.S. Treasury Obligations, ranging in par value $18,498 - $5,436,077, 0.000% - 3.625%, 04/15/2028 - 11/15/2054, with a total market value of $4,564,878)		4,478,684		4,478,684
HSBC Securities USA, Inc. 4.380%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $6,260,989 (collateralized by various U.S. Government Obligations, ranging in par value $751 - $2,475,591, 1.170% - 6.500%, 05/01/2028 - 04/01/2055, with a total market value of $6,365,529)		6,260,227		6,260,227

*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at April 30, 2025. The total market value of securities on loan at April 30, 2025 was $51,938,230.
(B)	Level 3 security in accordance with fair value hierarchy.
(C)	These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2025 was $45,697,496. The total value of non-cash collateral held from securities on loan as of April 30, 2025 was $9,901,347.

	Shares		Value
COMMON STOCK — 99.8%
AUSTRALIA — 30.1%
Materials — 30.1%
Bellevue Gold *		814,946	$	474,512
Capricorn Metals *		238,830		1,413,539
Catalyst Metals *		114,975		417,122
Emerald Resources NL *		341,918		877,291
Firefinch *^{(A) (B)}		825,148		—
Genesis Minerals *		651,117		1,608,139
Gold Road Resources		682,596		1,323,377
OceanaGold		461,112		1,629,064
Ora Banda Mining *		753,026		479,413
Perseus Mining		897,726		1,924,269
Ramelius Resources		742,612		1,249,669
Regis Resources *		485,241		1,400,268
Resolute Mining ^*		1,370,146		447,110
Spartan Resources ^*		572,195		743,220
Vault Minerals ^*		4,105,395		1,129,537
West African Resources ^*		688,878		1,053,458
Westgold Resources		613,549		1,165,958

TOTAL AUSTRALIA				17,335,946
CANADA — 46.7%
Materials — 46.7%
Alamos Gold, Cl A ^(B)		78,799		2,248,222
Allied Gold *		140,200		563,317
Artemis Gold *		95,508		1,369,042
Calibre Mining *		526,285		1,230,653
Centerra Gold		136,598		912,763
Dundee Precious Metals		113,903		1,490,065
Endeavour Silver *		161,586		584,905
Equinox Gold *		253,860		1,703,672
Fortuna Mining *		199,016		1,239,077
G Mining Ventures *		105,619		1,461,982
K92 Mining *		153,919		1,412,939
Lundin Gold		61,937		2,521,333
McEwen Mining ^{* (B)}		29,089		226,894
New Gold *		501,200		1,992,028
Novagold Resources *		161,121		681,542
Orla Mining *		137,687		1,513,132
Seabridge Gold *		52,523		652,861

(1)	A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets.
^	Includes Securities in which the fair value is $0 or has been rounded to $0.

	Investments in Common Stock
Beginning Balance as of October 31, 2024	$	869,366
Transfers out of Level 3		(1,413,539)
Transfers into Level 3		-
Net purchases		258,191
Net sales		(79,416)
Realized gain/(loss)		29,638
Change in unrealized appreciation/(depreciation)		335,760
Ending Balance as of April 30, 2025	$	-^

	Shares		Value
COMMON STOCK — 91.5%
AUSTRALIA — 10.7%
Energy — 7.7%
Alligator Energy ^{*(A) (B)}		200,607,579	$	3,850,754
Aura Energy ^{* (B)}		37,543,168		3,002,742
Bannerman Energy ^{*(A) (B)}		9,403,237		14,259,453
Berkeley Energia ^*(A)		23,152,202		7,882,329
Boss Energy ^{*(A) (B)}		21,341,342		43,287,064
Deep Yellow ^*(A)		49,591,692		36,014,877
Elevate Uranium ^{* (B)}		16,787,708		3,061,353
Lotus Resources ^{* (B)}		106,968,551		12,319,860
Paladin Energy ^{*(A) (B)}		21,155,780		79,323,853
Peninsula Energy ^{*(A) (B)(C)}		8,430,440		3,344,407
				206,346,692

Industrials — 0.8%
Silex Systems ^{* (B)}		10,273,127		20,311,326

Materials — 2.2%
Anson Resources ^{* (B)}		58,115,750		2,082,375
BHP Group		2,344,762		57,296,167
				59,378,542
TOTAL AUSTRALIA				286,036,560
CANADA — 34.8%
Energy — 32.9%
Cameco		13,252,027		597,027,177
CanAlaska Uranium *		9,125,650		5,219,187
Denison Mines *		49,456,393		70,892,390
Encore Energy *		9,944,977		15,191,415
F3 Uranium *		26,190,167		3,981,709
Forsys Metals *		7,122,513		2,629,756
IsoEnergy ^{* (B)}		1,573,890		9,525,607
Laramide Resources *		12,172,063		6,168,424
Mega Uranium *		18,867,421		3,687,978
NexGen Energy ^{* (B)}		28,921,688		151,172,510
Skyharbour Resources *		10,691,841		2,515,636
Uranium Royalty ^{* (B)}		6,212,997		11,244,836
Western Uranium & Vanadium ^{* (B)}		2,810,894		1,811,117
				881,067,742

	Face Amount		Value
REPURCHASE AGREEMENTS^(D)— continued
Citigroup Global Markets, Inc. 4.370%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $6,145,963 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $4,538 - $2,688,200, 0.000% - 7.500%, 05/15/2030 - 04/01/2055, with a total market value of $6,241,414)	$	6,145,217	$	6,145,217
Daiwa Capital Markets America, Inc. 4.370%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $45,184,792 (collateralized by various U.S. Government Obligations and U.S. Treasury Obligations, ranging in par value $3,344 - $9,416,291, 1.500% - 7.500%, 04/30/2027 - 05/01/2055, with a total market value of $45,895,611)		45,179,308		45,179,308
HSBC Securities USA, Inc. 4.370%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $19,447,875 (collateralized by various U.S. Government Obligations, ranging in par value $80,317 - $23,602,318, 0.000% - 3.625%, 04/15/2028 - 11/15/2054, with a total market value of $19,819,751)		19,445,515		19,445,515
HSBC Securities USA, Inc. 4.380%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $32,088,753 (collateralized by various U.S. Treasury Obligations, ranging in par value $3,850 - $12,687,873, 1.170% - 6.500%, 05/01/2028 - 04/01/2055, with a total market value of $32,624,541)		32,084,849		32,084,849
HSBC Securities USA, Inc. 4.380%, dated 04/30/2025, to be repurchased on 05/01/2025, repurchase price $4,586,765 (collateralized by various U.S. Government Obligations, ranging in par value $10,730 - $4,573,821, 3.000% - 8.000%, 11/20/2035 - 03/20/2055, with a total market value of $4,567,570)		4,586,207		4,586,207

*	Non-income producing security.
(A)	Affiliated investment.
(B)	This security or a partial position of this security is on loan at April 30, 2025. The total market value of securities on loan at April 30, 2025 was $283,808,764.
(C)	Level 3 security in accordance with fair value hierarchy.
(D)	These securities were purchased with cash collateral held from securities on loan. The total value of such securities as of April 30, 2025 was $238,794,511. The total value of non-cash collateral held from securities on loan as of April 30, 2025 was $58,698,671.

Value 10/31/2024		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)			Realized Gain (Loss)			Value 4/30/2025		Income		Capital Gains
Alligator Energy

$	6,992,135	$	383,256	$	(908,585	)	$	(1,928,912	)	$	(687,140	)	$	3,850,754	$	—	$	—
Bannerman Energy

	18,925,491		3,383,486		(2,865,857	)		(4,880,873	)		(302,794	)		14,259,453		—		—
Berkeley Energia

	5,858,412		537,794		(1,297,607	)		2,338,956			444,774			7,882,329		—		—
Boss Energy

	58,223,179		3,230,784		(11,005,275	)		(3,173,648	)		(3,987,976	)		43,287,064		—		—
Centrus Energy, Cl A

	93,153,073		9,047,392		(12,670,131	)		(37,645,201	)		6,236,012			58,121,145		—		—

	April 30, 2025 (Unaudited)
Glossary: (abbreviations which may be used in the preceding Schedules of Investments)

	Global X Silver Miners ETF			Global X Copper Miners ETF			Global X Gold Explorers ETF
Assets:
Cost of Investments	$	1,225,795,817		$	2,402,891,636		$	42,136,598
Cost of Repurchase Agreement		30,109,712			45,697,496			444,878
Cost (Proceeds) of Foreign Currency		(191,336	)		—			68
Investments, at Value	$	1,504,063,068	*	$	2,065,577,308	*	$	57,468,018	*
Repurchase Agreement, at Value		30,109,712			45,697,496			444,878
Foreign Currency, at Value		2,064			—			69
Receivable for Investment Securities Sold		160,461,302			140,067,460			3,456,595
Receivable for Capital Shares Sold		79,864,224			—			—
Dividend, Interest, and Securities Lending Income Receivable		4,172,570			6,053,872			134
Reclaim Receivable		330,692			1,064,605			2,334
Total Assets		1,779,003,632			2,258,460,741			61,372,028
Liabilities:
Obligation to Return Securities Lending Collateral		30,109,712			45,697,496			444,878
Payable for Investment Securities Purchased		160,463,084			111,181,906			3,267,988
Payable for Capital Shares Redeemed		80,061,742			20,826,468			—
Payable due to Investment Adviser		769,956			1,206,601			28,187
Unrealized Depreciation on Spot Contracts		1,968			56,401			322
Cash Overdraft		3,536,792			5,216,605			50,912
Overdraft of Foreign Currency		—			787,608			—
Due to Custodian		—			7,577			919
Total Liabilities		274,943,254			184,980,662			3,793,206
Net Assets	$	1,504,060,378		$	2,073,480,079		$	57,578,822
Net Assets Consist of:
Paid-in Capital	$	1,866,428,809		$	2,624,722,675		$	113,061,438
Total Accumulated Losses		(362,368,431	)		(551,242,596	)		(55,482,616	)
Net Assets	$	1,504,060,378		$	2,073,480,079		$	57,578,822
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		37,017,318			54,259,374			1,402,054
Net Asset Value, Offering and Redemption Price Per Share		$40.63			$38.21			$41.07
*Includes Market Value of Securities on Loan	$	30,987,273		$	51,938,230		$	346,621

	Global X Uranium ETF
Assets:
Cost of Investments	$	2,046,557,736
Cost of Affiliated Investments		621,343,893
Cost of Repurchase Agreement		238,794,511
Cost (Proceeds) of Foreign Currency		674,383
Investments, at Value	$	2,168,894,884	*
Affiliated Investments, at Value		500,407,022
Repurchase Agreement, at Value		238,794,511
Cash		3,698,711
Foreign Currency, at Value		674,579
Receivable for Investment Securities Sold		11,232,536
Dividend, Interest, and Securities Lending Income Receivable		1,360,748
Reclaim Receivable		141,254
Total Assets		2,925,204,245
Liabilities:
Obligation to Return Securities Lending Collateral		238,794,511
Payable for Capital Shares Redeemed		11,322,911
Payable due to Investment Adviser		1,449,351
Unrealized Depreciation on Spot Contracts		11,131
Due to Custodian		17
Total Liabilities		251,577,921
Net Assets	$	2,673,626,324
Net Assets Consist of:
Paid-in Capital	$	3,474,408,288
Total Accumulated Losses		(800,781,964	)
Net Assets	$	2,673,626,324
Outstanding Shares of Beneficial Interest (unlimited authorization — no par value)		106,531,666
Net Asset Value, Offering and Redemption Price Per Share		$25.10
*Includes Market Value of Securities on Loan	$	283,808,764

(1)	The Supervision and Administration fees include fees paid by the Funds for the investment advisory services provided by the Adviser. (See Note 3 in the 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 the Notes to Financial Statements.)

	Global X Uranium ETF
Investment Income:
Dividend Income	$	10,028,489
Interest Income		117,570
Security Lending Income, Net		1,951,864
Less: Foreign Taxes Withheld		(1,432,925	)
Total Investment Income		10,664,998
Expenses:
Supervision and Administration Fees⁽¹⁾		11,114,240
Custodian Fees⁽²⁾		4,500
Total Expenses		11,118,740
Net Investment Loss		(453,742	)
Net Realized Gain (Loss) on:
Investments⁽³⁾		53,128,397
Affiliated Investments		(6,558,042	)
Foreign Currency Transactions		(1,171,715	)
Net Realized Gain (Loss)		45,398,640
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(429,728,026	)
Affiliated Investments		(233,619,318	)
Foreign Currency Translations		136,231
Net Change in Unrealized Appreciation (Depreciation)		(663,211,113	)
Net Realized and Unrealized Gain (Loss)		(617,812,473	)
Net Decrease in Net Assets Resulting from Operations	$	(618,266,215	)

	Global X Silver Miners ETF						Global X Copper Miners ETF
	Period Ended April 30, 2025 (Unaudited)			Year Ended October 31, 2024			Period Ended April 30, 2025 (Unaudited)			Year Ended October 31, 2024
Operations:
Net Investment Income	$	4,713,678		$	2,367,735		$	7,607,343		$	20,374,869
Net Realized Gain (Loss)		43,242,527			(15,395,051	)		(26,482,089	)		167,420,205
Net Change in Unrealized Appreciation (Depreciation)		49,915,246			501,992,297			(330,604,032	)		254,385,051
Net Increase (Decrease) in Net Assets Resulting from Operations		97,871,451			488,964,981			(349,478,778	)		442,180,125
Distributions:		(25,426,413	)		(4,691,079	)		(35,591,390	)		(25,025,199	)
Capital Share Transactions:
Issued		231,876,978			201,611,524			618,530,465			1,975,827,722
Redeemed		(162,469,489	)		(147,424,990	)		(713,717,220	)		(1,157,177,743	)
Increase (Decrease) in Net Assets from Capital Share Transactions		69,407,489			54,186,534			(95,186,755	)		818,649,979
Total Increase (Decrease) in Net Assets		141,852,527			538,460,436			(480,256,923	)		1,235,804,905
Net Assets:
Beginning of Year/Period		1,362,207,851			823,747,415			2,553,737,002			1,317,932,097
End of Year/Period	$	1,504,060,378		$	1,362,207,851		$	2,073,480,079		$	2,553,737,002
Share Transactions:
Issued		6,100,000			5,990,000			14,720,000			45,480,000
Redeemed		(4,300,000	)		(5,000,000	)		(18,780,000	)		(27,310,000	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		1,800,000			990,000			(4,060,000	)		18,170,000

	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 ($)			Distribution from Capital Gains ($)		Return of Capital ($)
Global X Silver Miners ETF
2025 (Unaudited)^§		38.68		0.13		2.58			2.71			(0.76	)		—		—
2024		24.07		0.07		14.68			14.75			(0.14	)		—		—
2023		24.93		0.14		(0.91	)		(0.77	)		(0.09	)		—		—
2022		38.78		0.20		(13.57	)		(13.37	)		(0.37	)		—		(0.11	)
2021		42.28		0.41		(3.00	)		(2.59	)		(0.91	)		—		—
2020		30.39		0.33		12.11			12.44			(0.55	)		—		—
Global X Copper Miners ETF
2025 (Unaudited)^§		43.79		0.12		(5.17	)		(5.05	)		(0.53	)		—		—
2024		32.83		0.43		11.08			11.51			(0.55	)		—		—
2023		28.74		0.75		4.24			4.99			(0.90	)		—		—
2022		37.31		1.19		(8.66	)		(7.47	)		(1.10	)		—		—
2021		21.42		0.63		15.74			16.37			(0.48	)		—		—
2020		17.47		0.23		3.85			4.08			(0.13	)		—		—

Global X Funds

Global X Silver Miners ETF

Ticker: SIL

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2025

What were the Fund costs for the last six months?

Key Fund Statistics as of April 30, 2025

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Top Ten Holdings

Additional Information

Global X Funds

Global X Copper Miners ETF

Ticker: COPX

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2025

What were the Fund costs for the last six months?

Key Fund Statistics as of April 30, 2025

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Top Ten Holdings

Additional Information

Global X Funds

Global X Gold Explorers ETF

Ticker: GOEX

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2025

What were the Fund costs for the last six months?

Key Fund Statistics as of April 30, 2025

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Top Ten Holdings

Additional Information

Global X Funds

Global X Uranium ETF

Ticker: URA

Principal Listing Exchange: NYSE Arca, Inc.

Semi-Annual Shareholder Report: April 30, 2025

What were the Fund costs for the last six months?

Key Fund Statistics as of April 30, 2025

What did the Fund invest in?

Asset/Country WeightingsFootnote Reference*

Top Ten Holdings

Additional Information

Asset/Country Weightings^{Footnote Reference*}

Asset/Country Weightings^{Footnote Reference*}

Asset/Country Weightings^{Footnote Reference*}

Asset/Country Weightings^{Footnote Reference*}

*	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.
†	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.
§	For the period ended April 30, 2025.

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 Rate (%)^††

	(0.76	)		40.63		7.56			1,504,060		0.65	†		0.75	†		10.00
	(0.14	)		38.68		61.49			1,362,208		0.65			0.23			14.67
	(0.09	)		24.07		(3.12	)		823,747		0.65			0.52			19.72
	(0.48	)		24.93		(34.83	)		841,908		0.65			0.64			17.72
	(0.91	)		38.78		(6.43	)		1,100,191		0.65			0.96			15.61
	(0.55	)		42.28		41.40			984,993		0.65			0.90			19.95

	(0.53	)		38.21		(11.53	)		2,073,480		0.65	†		0.59	†		9.12
	(0.55	)		43.79		35.22			2,553,737		0.65			1.02			14.60
	(0.90	)		32.83		17.07			1,317,932		0.65			2.00			23.73
	(1.10	)		28.74		(20.38	)		1,315,488		0.65			3.31			30.46
	(0.48	)		37.31		76.80			994,009		0.65			1.71			20.13
	(0.13	)		21.42		23.45			103,888		0.65			1.26			16.85

	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 ($)			Distribution from Capital Gains ($)		Return of Capital ($)
Global X Gold Explorers ETF
2025 (Unaudited)^§		34.82		(0.03	)		7.00			6.97			(0.72	)		—		—
2024		22.45		0.02			12.36			12.38			(0.01	)		—		—
2023		20.36		0.06			2.25			2.31			(0.21	)		—		(0.01	)
2022		30.10		0.17			(9.32	)		(9.15	)		(0.59	)		—		—
2021		33.48		0.20			(2.54	)		(2.34	)		(1.04	)		—		—
2020		25.39		0.06			8.47			8.53			(0.44	)		—		—
Global X Uranium ETF
2025 (Unaudited)^§		30.72		—			(4.88	)		(4.88	)		(0.74	)		—		—
2024		26.50		0.03			5.90			5.93			(1.71	)		—		—
2023		20.30		0.09			6.16			6.25			(0.05	)		—		—
2022		27.04		0.28			(5.61	)		(5.33	)		(1.41	)		—		—
2021		10.87		0.39			15.91			16.30			(0.13	)		—		—
2020		10.92		0.22			(0.03	)		0.19			(0.24	)		—		—

	Creation Unit Shares		Creation Fee		Redemption Fee
Global X Silver Miners ETF		10,000	$	250	$	250
Global X Copper Miners ETF		10,000		300		300
Global X Gold Explorers ETF		10,000		400		400
Global X Uranium ETF		10,000		600		600

		Supervision and Administration Fee
Global X Silver Miners ETF		0.65%
Global X Copper Miners ETF		0.65%
Global X Gold Explorers ETF		0.65%
Global X Uranium ETF		0.69%

	Purchases		Sales and Maturities
Global X Silver Miners ETF	$	142,976,094	$	127,802,862
Global X Copper Miners ETF		262,613,942		228,902,117
Global X Gold Explorers ETF		6,611,089		7,678,554
Global X Uranium ETF		146,407,858		267,365,316

	Purchases		Sales		Realized Gain (Loss)
Global X Silver Miners ETF	$	215,313,425	$	153,605,782	$	62,634,651
Global X Copper Miners ETF		535,090,435		693,109,163		13,858,930
Global X Gold Explorers ETF		6,790,568		2,683,517		1,085,752
Global X Uranium ETF		210,410,392		412,131,724		122,809,612

Global X Funds	Ordinary Income		Long-Term Capital Gain		Return of Capital		Totals
Global X Silver Miners ETF
2024	$	4,691,079	$	—	$	—	$	4,691,079
2023		3,186,496		—		—		3,186,496
Global X Copper Miners ETF
2024	$	25,025,199	$	—	$	—	$	25,025,199
2023		38,138,689		—		—		38,138,689
Global X Gold Explorers ETF
2024	$	8,195	$	—	$	—	$	8,195
2023		292,264		—		18,046		310,310
Global X Uranium ETF
2024	$	148,385,995	$	—	$	—	$	148,385,995
2023		3,660,937		—		—		3,660,937

	Global X Silver Miners ETF			Global X Copper Miners ETF			Global X Gold Explorers ETF			Global X Uranium ETF
Undistributed Ordinary Income	$	25,426,409		$	35,591,362		$	907,543		$	88,283,589
Capital Loss Carryforwards		(593,983,000	)		(97,648,464	)		(69,924,188	)		(532,515,671	)
Unrealized Appreciation (Depreciation) on Investments and Foreign Currency		133,743,132			(104,115,318	)		5,753,183			350,655,430
Other Temporary Differences		(10	)		(8	)		(7	)		2
Total Accumulated Losses	$	(434,813,469	)	$	(166,172,428	)	$	(63,263,469	)	$	(93,576,650	)

Global X Funds	Federal Tax Cost		Aggregated Gross Unrealized Appreciation		Aggregated Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
Global X Silver Miners ETF	$	1,255,905,529	$	311,659,901	$	(33,392,650	)	$	278,267,251
Global X Copper Miners ETF		2,448,589,132		53,964,593		(391,278,921	)		(337,314,328)
Global X Gold Explorers ETF		42,581,476		18,459,677		(3,128,257	)		15,331,420
Global X Uranium ETF		2,906,696,140		372,273,340		(370,873,063	)		1,400,277