Key Information Document

Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products.

Global X Hydrogen UCITS ETF a sub-fund of Global X ETFs ICAV USD Accumulating Share Class (IE0002RPS3K2) Manufacturer: Global X Management Company (Europe) Limited, part of the Global X group of companies. The Central Bank of Ireland is responsible for supervising Global X Management Company (Europe) Limited in relation to this Key Information Document. This PRIIP is authorised in Ireland. Global X Management Company (Europe) Limited is authorised in Ireland and regulated by the Central Bank of Ireland. For more information on this product, please visit www.globalxetfs.eu, email europe@globalxetfs.com or call : +44 (0)20 4529 2551. This document was produced on 12 January 2024.

What is this product? Type: The Fund’s base currency is USD. This product is a UCITS fund.

For Accumulating Shares, income will be automatically reinvested in the Term: Fund and reflected in the NAV per share. This is an Open Ended Fund.

Investors can buy and sell shares of the Fund on each business day. Objectives:

Business day means a day on which the New York Stock Exchange and The investment objective of the Fund is to provide investment results thatLondon Stock Exchange are open for normal business. closely correspond, before fees and expenses, generally to the price and yield performance of the Solactive Global Hydrogen v2 Index (the

For more information about the investment policy and strategy of the Fund, “Index”). please refer to the sections entitled “Investment Objective” and “Investment The Fund is passively managed. The Fund will aim to achieve its

Policy” in the Fund’s supplement. Fund documents including the investment objective by attempting to track the performance of the Index

Prospectus, Supplement and the latest annual and half-yearly reports are by investing primarily in a portfolio of equity securities and derivatives that

available free of charge in English. These can be found, along with other as far as possible and practicable consists of the component securities ofinformation, such as share prices and classes, on the Fund's website at the Index in similar proportions to their weightings in the Index and in

www.globalxetfs.eu. American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) based on the securities in the Index.The depositary is SEI Investments - Depositary and Custodial Services The Fund is an ESG Fund and promotes environmental characteristics by (Ireland) Limited. focusing on investments in Hydrogen Companies through replicating the Index.This document describes a sub-fund of the UCITS. The Prospectus and The Index is designed to provide exposure to companies that are

periodic reports are prepared in respect of the entire UCITS. The assets positioned to benefit from further advances in the field of hydrogen

and liabilities of each sub-fund of the UCITS are segregated by law, and so technology. Hydrogen technology includes products and services focusedthe assets of one sub-fund cannot be used to discharge the liabilities of on the development and implementation of hydrogen gas as a renewable

another sub-fund. fuel source. “Hydrogen Companies” are those companies that derive at least 50% of their revenues, operating income, or assets from the Intended retail investor: following business activities. Hydrogen Production, Hydrogen Fuel Cells,

This Fund is intended for investors who want to take a long or short-term Hydrogen Technology and Hydrogen Integration. exposure to the market covered by the index of the Fund and would be When not possible or practicable to continue to hold all of the component prepared to take on a medium level of risk assoicated with an investment of securities of the Index, the Fund may invest in depositary receipts relating

this type, including potential volatiltiy of such market. Such an investor must either to components securities of the Index or to equity securities of the

also be one that is able to assess the merits and risks of an investment in type referred to above; and financial derivative instruments (“FDIs”),the Shares of the relevant Class of the Fund. namely, total return “unfunded” OTC swaps and exchange-traded equity futures for investment purposes

What are the risks and what could I get in return? Risk Indicatorrate between the two currencies. This risk is not considered in the

indicator shown above.

Lower riskHigher risk

This product does not include any protection from future market

performance so you could lose some or all of your investment. If we are

not able to pay you what is owed, you could lose your entire investment.

For other risks materially relevant to the product which are not taken into

account in the summary risk indicator, please read the Prospectus and 1 2 3

4

5 6

7

Supplement available at www.globalxetfs.eu.The risk indicator assumes you keep the product for 5 years. The actual risk can vary significantly if you cash in at an early stage and you may get back less. The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. We have classified this product as 6 out of 7, which is the second- highest risk class. This rates the potential losses from future performance at a high level, and poor market conditions are very likely to impact the ability for you to receive a positive return on your investment. Be aware of currency risk. You will receive payments in a different currency, so the final return you will get depends on the exchange Page 1 of 3 | Key Information Document | 12 January 2024 Global X Hydrogen UCITS ETF, a sub-fund of Global X ETFs ICAV - USD Accumulating Share Class (IE0002RPS3K2)

Performance scenarios The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor / and includes the costs of your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of Global X Hydrogen UCITS ETF over the last 10 years. The stress scenario shows what you might get back in extreme market circumstances. What you will get from this product depends on future market performance. Market developments in the future cannot be accurately predicted. The scenarios shown are only an indication of some of the possible outcomes based on recent returns. Actual returns could be lower.Recommended Holding Period: 5 yearsInvestment: USD 10,000

ScenariosIf you exit after 5 years

If you exit after 1 year

Minimum: There is no minimum guaranteed return if you exit before 5 years(recommended holding period)

Stress What you might get back after costs 950 USD 460 USD Average return each year-90.54% -46.09%

Unfavourable¹

What you might get back after costs5,620 USD

3,920 USD Average return each year -43.78% -17.07%

Moderate²

What you might get back after costs11,500 USD 18,720 USD Average return each year

14.97% 13.36%

Favourable³What you might get back after costs17,200 USD 30,010 USD Average return each year

72.04% 24.58% ¹ This type of scenario occurred for an investment between March 2022 and September 2023. ² This type of scenario occurred for an investment between May 2015 and May 2020. ³ This type of scenario occurred for an investment between March 2017 and March 2022.What happens if Global X Management Company (Europe) Limited, part of the Global X group of companies is unable to pay out? You may face a financial loss should the manufacturer or depositary/custodian, SEI Investments – Depositary and Custodial Services (Ireland) Limited, default on their obligations. There is no compensation or guarantee scheme in place which may offset, all or any of, this loss. What are the costs? The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. Costs over time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you hold the product and how well the product does. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed, in the first year you would get back the amount that you invested (0 % annual return). For the other holding period, we have assumed the fund performs as shown in the moderate scenario and the investment is USD 10,000. Investment: USD 10,000

If you exit after 1 yearIf you exit after 5 years

Total costs

61 USD

531 USD

Annual cost impact (*)

0.6%0.7% (*) This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 14.0% before costs and 13.4% after costs. Page 2 of 3 | Key Information Document | 12 January 2024

Global X Hydrogen UCITS ETF, a sub-fund of Global X ETFs ICAV - USD Accumulating Share Class (IE0002RPS3K2)

Composition of costs

One-off costs upon entry or exitIf you exit after 1 year None *

* Secondary market investors (Investors dealing on a stock exchange) may payEntry costsfees charged by their stockbrokers. Such charges, if any, can be obtained from0 USD

stockbrokers. Authorised participants dealing directly with the Fund will pay related

transaction costs related to their subscriptions and redemptions.

None *

* Secondary market investors (Investors dealing on a stock exchange) may payExit costs fees charged by their stockbrokers. Such charges, if any, can be obtained from0 USD

stockbrokers. Authorised participants dealing directly with the Fund will pay related

transaction costs related to their subscriptions and redemptions. Ongoing costs taken each year

If you exit after 1 year0.5% of the value of your investment per year. This is an estimate of the costsManagement fees and other

incurred when we buy and sell the underlying investments for the product. Theadministrative or operatingactual amount will vary depending on how much we buy and sell. The annual50 USDcosts

management fee for this product is 0.5%.

0.1% of the value of your investment per year.

This is an estimate of the costs incurred when we buy and sell the underlyingTransaction costs

investments for the product. The actual amount will vary depending on how much

11 USD

we buy and sell. Incidental costs taken under specific conditionsIf you exit after 1 year Performance feesThis product does not have any performance fees.

0 USDHow long should I hold it and can I take money out early?

Recommended holding period: 5 years

This product has no required minimum holding period but is designed for long term investment; you should be prepared to stay invested for at least 5

years. The 5 years has been calculated to be in line with the time frame which the Product may need in order to achieve its investment objectives. You

may sell your shares in the product, without penalty, on any day on which the banks are normally open for business in Ireland and on which the New

York Stock Exchange and London Stock Exchange are open for normal business.

The value of your investments may go down as well as up irrespective of the period you are holding your investments, depending on such factors as the

performance of the Fund, movements in stock and bond prices, and conditions in financial markets generally. Please contact your broker, financial

adviser or distributor for information on any costs and charges relating to the sale of the shares.How can I complain?

If you have any complaints about the product, the conduct of the manufacturer or the person advising on the product, complaints can be lodged free of

charge via the following methods:

i. Phone: +44 (0)20 4529 2551

ii. E-mail: complaints@globalxetfs.com

iii. Mail: 10 Earlsfort Terrace, Dublin 2, Ireland

iv. Online: www.globalxetfs.eu/

You also have the right to refer the relevant complaint to the Financial Services and Pensions Ombudsman after following the Fund’s complaints

process if you are still not satisfied with the response received. Further information on the complaints policy relating to the Fund is available from

www.globalxetfs.eu.Other relevant information

We are required to provide you with further documentation, such as the product’s latest prospectus, past performance annual and semi-annual reports.

These documents and other product information are available online at https://globalxetfs.eu/priips-performance/.

To view the fund’s historical performance and previous scenarios, please visit: www.globalxetfs.eu. Data on past performance is available for up to a

maximum of 10 years. Page 3 of 3 | Key Information Document | 12 January 2024