XTRACKERS: Important Notice to Shareholders of Xtrackers
08 Juli 2022 - 10:00AM
UK Regulatory
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 World Swap UCITS ETF
(ISIN: LU0274208692)
Xtrackers S&P 500 Swap UCITS ETF
(ISINs: LU0490618542, LU2196473016, LU2009147757)
(the "Sub-Funds" and each a "Sub-Fund")
8 July 2022
The board of directors of the Company (the "Board of Directors")
hereby informs the shareholders of the Sub-Funds (the
"Shareholders") that it has resolved to make a change to the
investment policy of each Sub-Fund, as detailed below (referred to
as the "Change").
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.
A) OVERVIEW OF THE CHANGE
The Sub-Funds are passively managed in accordance with an
Indirect Investment Policy. To achieve its investment objective,
each Share Class of each Sub-Fund may:
-- enter into a financial contract (derivative) with Deutsche Bank to swap
most subscription proceeds for a return on the Reference Index of the
relevant Sub-Fund (a "Funded Swap"); and/or
-- invest in transferable securities and enter into derivative(s) with one
or more Swap Counterparties relating to the transferable securities and
the Reference Index of the relevant Sub-Fund, in order to obtain the
return on such Reference Index (an "Unfunded Swap").
Currently, both Funded Swaps and Unfunded Swaps are executed on
the net total return version of the Reference Index of the relevant
Sub-Fund (the "Current Swap Model").
With effect from 10 August 2022 (the "Effective Date"), the
Current Swap Model of the Sub-Funds will be amended so that both
Funded Swaps and Unfunded Swaps may be executed on either the net
total return version or the gross total return version of the
Reference Index of the relevant Sub-Fund (the "Swap Reference
Index").
The particular Swap Reference Index shall be selected in the
absolute discretion of the Investment Manager of the Sub-Funds in
order to seek to reduce OTC Swap Transaction Costs and enhance cost
efficiencies of each Sub-Fund.
B) GENERAL INFORMATION
For the avoidance of doubt, the Sub-Funds' investment objective
and fees will remain unchanged.
Shareholders should be aware that transaction costs and duties
may arise as a result of the Change which will be borne by the
Sub-Funds. Under normal market circumstances the transaction costs
and duties are expected to be immaterial.
Shareholders who subscribe for Shares in the Sub-Funds on the
primary market and who do not agree with the Change, are entitled
to redeem their Shares in the Sub-Funds in accordance with the
Prospectus. Such redemptions shall be free of any Redemption Charge
from the date of this notice until 5.00 p.m. (Luxembourg time) on 8
August 2022 for Xtrackers MSCI World Swap UCITS ETF, until 5.00
p.m. (Luxembourg time) on 9 August 2022 for Xtrackers S&P 500
Swap UCITS ETF share class 1C, and until 3.30 p.m. (Luxembourg
time) on 9 August 2022 for Xtrackers S&P 500 Swap UCITS ETF
share class 7C-GBP Hedged. 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-Funds reflecting the Change will be made
available on the Company's website (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 Change 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/20220708005037/en/
CONTACT:
Xtrackers
SOURCE: Xtrackers
Copyright Business Wire 2022
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