- Title:
Global X ICAV Supplement Amendment - Time:
17:00:28 - Date:
13 May 2024 - Category:
Miscellaneous - ID:
2362O
GLOBAL X ETFS ICAV
(an umbrella fund with segregated liability between sub-funds)
10 Earlsfort Terrace
Dublin 2 D02 T380
Ireland
This document is important and requires your immediate attention. If you are in any doubt as to the action you should take, you should seek advice from your investment consultant or other
professional advisors.
This document has not been reviewed by the Central Bank of Ireland (the "Central Bank").
If you have sold or transferred all of your shares in Fund's listed below, please pass this document at once to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee as soon as possible.
Capitalised terms used herein shall bear the same meaning as defined in the prospectus of Global X ETFs ICAV (the "ICAV) dated 4 September 2023, as amended by the addendum thereto dated 24 October 2023 (the "Prospectus") and the supplements in respect of the sub-funds referred to below (the "Supplements"). Copies of the Prospectus and Supplements are available upon request during normal business hours from the registered office of the ICAV.
13 May 2024
RE: Notification of amendments to the Supplements
Dear Shareholder
The ICAV is authorised by the Central Bank pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, as amended. We are writing to you in relation to proposed amendments to the Supplements for the sub-fund(s) referred to below in which you are a shareholder. The United States Securities and Exchange Commission has adopted rule changes to shorten the standard settlement cycle for certain U.S. securities transactions from two business days following the relevant trade date (T+2) to one business day following the relevant trade date (T+1) (the "U.S. Settlement Rule Changes"). Each of the sub-funds referred to below that engage in U.S. securities transactions in accordance with their respective investment policies are impacted. Accordingly, in anticipation of the implementation of the U.S. Settlement Rule Changes in May 2024, each of the Supplements are proposed to be updated, subject to the approval of the Central Bank, to reflect that, as a result of the U.S. Settlement Rule Changes, it is intended that settlement of subscriptions in the subfunds referred to below will generally occur within one business day (T+1), rather than two business days (T+2), after the relevant dealing day (unless otherwise stipulated by the Manager or its delegate at their discretion).
CHANGES TO SETTLEMENT TIME
It is proposed to amend the settlement times for the following sub-funds (the "Fund(s)") with a view
to mitigating the effects of the transition of US securities to a T+1 settlement cycle from a T+2 settlement cycle on 28 May 2024:
(i) Global X Video Games & Esports UCITS ETF;
(ii) Global X Telemedicine & Digital Health UCITS ETF;
(iii) Global X Robotics & Artificial Intelligence UCITS ETF;
(iv) Global X FinTech UCITS ETF;
(v) Global X Internet of Things UCITS ETF;
(vi) Global X Renewable Energy Producers UCITS ETF;
(vii) Global X CleanTech UCITS ETF;
(viii) Global X Cybersecurity UCITS ETF;
(ix) Global X Cloud Computing UCITS ETF;
(x) Global X U.S. Infrastructure Development UCITS ETF;
(xi) Global X E-commerce UCITS ETF;
(xii) Global X Autonomous & Electric Vehicles UCITS ETF;
(xiii) Global X Genomics & Biotechnology UCITS ETF;
(xiv) Global X Clean Water UCITS ETF;
(xv) Global X Copper Miners UCITS ETF;
(xvi) Global X Data Center REITs & Digital Infrastructure UCITS ETF;
(xvii) Global X Lithium & Battery Tech UCITS ETF;
(xviii) Global X Solar UCITS ETF;
(xix) Global X SuperDividend® UCITS ETF;
(xx) Global X Blockchain UCITS ETF;
(xxi) Global X AgTech & Food Innovation UCITS ETF;
(xxii) Global X Wind Energy UCITS ETF;
(xxiii) Global X Hydrogen UCITS ETF;
(xxiv) Global X Uranium UCITS ETF;
(xxv) Global X Silver Miners UCITS ETF;
(xxvi) Global X Disruptive Materials UCITS ETF; and
(xxvii) Global X 1-3 Month T-Bill UCITS ETF
It is proposed to amend the Supplements to reflect the reflect the revised settlement time for
subscriptions and redemptions as follows:
|
Fund(s) |
Current Settlement Time |
Settlement Time from 28 May 2024 |
|
Funds |
Settlement of subscriptions shall generally occur within two Business Days after the relevant Dealing Day (unless otherwise stipulated by the Manager or its delegate) and in any event will occur within a maximum of ten Business Days.
|
Settlement of subscriptions shall generally occur within one Business Day after the relevant Dealing Day (unless otherwise stipulated by the Manager or its delegate) and in any event will occur within a maximum of ten Business Days.
|
|
Fund(s) |
Current Redemption Time |
Redemption Time from 28 May 2024 |
|
Global X 1-3 Month TBill UCITS ETF
And
Global X U.S. Infrastructure Development UCITS ETF
|
Settlement of redemptions shall generally occur within two Business Days after the relevant Dealing Day (unless otherwise agreed with the Manager or its delegate). |
Settlement of redemptions shall generally occur within one Business Day after the relevant Dealing Day (unless otherwise agreed with the Manager or its delegate).
|
For the avoidance of doubt, Shareholders should note that the revised settlement time apply at the
primary market level only, i.e. to the authorised participants dealing directly with the Fund(s).
Additional Information
Should you have any questions relating to these matters, you should either contact the ICAV at the
above address or alternatively you should contact your investment consultant.
Yours faithfully

_______________
Director
For and on behalf of
Global X ETFs ICAV
Global X ICAV Supplement Amendment17:00:2813 May 2024Miscellaneous2362O