Xtrackers
Investment Company with Variable Capital
Registered office: 49, avenue J.F. Kennedy, L-1855
Luxembourg,
R.C.S. Luxembourg B-119.899
(the "Company")
Important Notice to Shareholders of
Xtrackers MSCI EM Latin America Swap UCITS ETF
(ISIN: LU0292108619)
(the "Sub-Fund")
23 February 2021
The board of directors of the Company (the "Board of Directors")
hereby informs the shareholders of the Sub-Fund (the
"Shareholders") that it has resolved to make certain changes to the
Sub-Fund, as detailed below (collectively referred to as the
"Changes").
Capitalised terms used in this notice shall have the same
meaning ascribed to them in the latest version of the prospectus of
the Company (the "Prospectus"), unless the context otherwise
requires.
Change of Reference Index and Index Administrator
Currently the investment objective of the Sub-Fund is to reflect
the performance of the MSCI Total Return Net Emerging Markets Latin
America Index (the "Current Reference Index"), which is
administered by MSCI Inc. ("Current Index Administrator"). The
Current Reference Index reflects the performance of the shares of
certain companies in Latin America emerging markets, as classified
by MSCI Inc.
As of 25 March 2021 (the "Effective Date"), the investment
objective of the Sub-Fund will be amended to reflect the
performance of the MSCI EM Latin America Low Carbon SRI Leaders
Index (the "New Reference Index"). The New Reference Index is based
on the MSCI EM Latin America Index (the "Parent Index") and is
administered by MSCI Limited (the "New Index Administrator"), a
subsidiary of the Current Index Administrator.
The New Reference Index is designed to represent the performance
of companies that have lower current and potential carbon exposure
than that of the broader equity market in Emerging Markets
countries in Latin America and have high ESG performance.
Differences between the Current Reference Index and the New
Reference Index include, but are not limited to, the following:
1. Securities included: The Current Reference Index includes shares of
companies of the emerging markets of Latin America, as described above.
The New Reference Index includes companies that have lower current and
potential carbon exposure than that of the broader equity market in
Emerging Markets countries in Latin America, and also have high
Environmental, Social and Governance (ESG) performance.
2. ESG: The Current Reference Index does not apply ESG screens. The New
Reference Index applies two sets of rules independently, Low Carbon
Exposure Selection Rules and Highest ESG Performance Selection Rules. The
New Reference Index's ESG standards limit the number of securities
eligible for inclusion in the New Reference Index. As a result, the New
Reference Index, and as such, the Sub-Fund may be more heavily weighted
in securities, industry sectors or countries that underperform the market
as a whole or underperform other funds screened for ESG standards, or
which do not screen for such standards.
Further details on the New Reference Index, including its
composition, ESG criteria, calculation, rules and methodology can
be found on https://www.msci.com.
The change to the New Reference Index is proposed due to low
historical demand for the Sub-Fund and increased demand for ESG
compliant emerging market sub-funds.
Change to Sub-Fund name
As a result of the changes to the Reference Index and Index
Administrator, as described above, the Sub-Fund's name shall change
from Xtrackers MSCI EM Latin America Swap UCITS ETF to Xtrackers
MSCI EM Latin America ESG Swap UCITS ETF with effect from the
Effective Date.
General Information
For the avoidance of doubt, the Sub-Fund's investment policy and
fees will remain unchanged.
Shareholders should be aware that material transaction costs and
duties may arise as a result of the Changes, which will be borne by
the Sub-Fund.
Shareholders who subscribe for Shares in the Sub-Fund on the
primary market and who do not agree with the Changes, are entitled
to redeem their Shares in the Sub-Fund in accordance with the
Prospectus. Such redemptions shall be free of any Redemption Charge
from the date of this notice until 3.30 p.m. (Luxembourg time) on
24 March 2021. Please note that the Company does not charge any
redemption fee for the sale of Shares in the secondary market.
Orders to sell Shares through a stock exchange can be placed via an
authorised intermediary or stockbroker. Shareholders should note
that orders in the secondary market may incur costs over which the
Company has no control and to which the above exemption on
redemption charges does not apply.
Copies of the revised Prospectus and the key information
documents of the Sub-Fund reflecting the Changes will be made
available on the website of the Company (www.Xtrackers.com) on or
around the Effective Date, and copies thereof may be obtained on
request free of charge at the registered office of the Company or
at the offices of foreign representatives, once available.
Shareholders who have any queries or to whom any of the above is
not clear should seek advice from their stockbroker, bank manager,
legal advisor, accountant or other independent financial advisor.
Shareholders should also consult their own professional advisors as
to the specific tax implications under the laws of the countries of
their nationality, residence, domicile or incorporation.
Further information in relation to the Changes may be obtained
from the legal entities mentioned under Contact information below,
the offices of foreign representatives or by sending an email to
Xtrackers@dws.com.
Neither the contents of the Company's website nor the contents
of any other website accessible from hyperlinks on the Company's
website is incorporated into, or forms part of, this
announcement.
Xtrackers
The Board of Directors
Contact information
Xtrackers
49, avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of
Luxembourg
DWS Investment S.A.
2, boulevard Konrad Adenauer, L-1115 Luxembourg, Grand Duchy of
Luxembourg
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210223005851/en/
CONTACT:
Xtrackers
SOURCE: Xtrackers
Copyright Business Wire 2021
(END) Dow Jones Newswires
February 23, 2021 11:10 ET (16:10 GMT)
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