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 DAX Income UCITS ETF
(ISIN: LU0838782315)
(the "Sub-Fund")
6 May 2022
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.
A) OVERVIEW OF CHANGES
1) Change of Reference Index
The Board of Directors has resolved to change the investment
objective of the Sub-Fund as follows.
Currently, the investment objective of the Sub-Fund is to
reflect the performance of the DAX(R) Index (the "Current Reference
Index") which is designed to reflect the performance of the shares
of 40 of the largest companies on the Frankfurt Stock Exchange.
As of 20 June 2022 (the "Effective Date"), the investment
objective of the Sub-Fund will be to reflect the performance of the
DAX ESG Screened Index (the "New Reference Index"). The Current
Reference Index is the parent index of the New Reference Index.The
New Reference Index consists of companies from the Current
Reference Index, which meet certain minimum Environmental, Social
and Governance ("ESG") standards.
Additional relevant differences between the Current Reference
Index and the New Reference Index include, but are not limited to,
the following:
-- ESG: The Current Reference Index does not apply ESG screens. The New
Reference Index utilises ESG data provided by Institutional Shareholder
Services Inc. ("ISS ESG") and excludes companies which do not fulfil
specific ESG criteria, including those that are:
1. Assigned an ISS ESG Rating of D- or below.
2. Identified as 'Red' by ISS ESG in their Norms Based Screening. ISS ESG's
Norms Based Screening assesses companies against their adherence to
international norms on human rights, labour standards, environmental
protection and anti-corruption established in the UN Global Compact and
the OECD Guidelines.
3. Identified by ISS ESG as having any involvement in controversial weapons;
and
4. Identified by ISS ESG as breaching certain revenue thresholds in business
activities, including, but not limited to, tobacco, thermal coal mining,
oil sands, nuclear power, civilian firearms, and military equipment.
The New Reference Index also excludes companies which have
missing ESG data.
The New Reference Index promotes ESG characteristics, therefore
the Sub-Fund will qualify as a product subject to Article 8 of SFDR
as of the Effective Date.
-- Calculation: The Current Reference index is a price return index, which
means that it calculates the performance of the index constituents on the
basis that any dividends or distributions are not included in the level
of the Reference Index. The New Reference Index is a total return net
index, which means that it calculates the performance of the index
constituents on the basis that any dividends or distributions are
reinvested after the deduction of any taxes that may apply.
The change to the New Reference Index is proposed as part of the
Company's continuous review of its existing product range and due
to increased demand for ESG compliant investments. Hence, the Board
of Directors deems it to be in the best interests of the
Shareholders to restructure the Sub-Fund to reflect the New
Reference Index.
Further details on the index methodology of the New Reference
Index can be found on www.stoxx.com.
2) Change to the Sub-Fund name
As a result of the Changes, the Board of Directors has resolved
to change the name of the Sub-Fund to Xtrackers DAX ESG Screened
UCITS ETF, with effect from the Effective Date.
3) Changes to the Securities Lending language to reflect ESG
standards
As of the Effective Date, the Securities Lending language of the
Product Annex will be amended to provide that, where the Sub-Fund
enters into Securities Lending Transactions, the collateral
received in relation to such transactions shall comply with ESG
standards as determined by the relevant Investment Manager,
Sub-Portfolio Manager and/or Securities Lending Agent, in
accordance with and within the limits set forth in the agency
securities lending and repurchase agreement and in addition to the
criteria of the Prospectus. Equity collateral conforming to such
ESG standards shall be identified by reference to an appropriate
developed market ESG equity index and will incorporate as a minimum
ESG screens substantially similar to those of the New Reference
Index.
B) GENERAL INFORMATION
For the avoidance of doubt, the Sub-Fund's fees will remain
unchanged.
Shareholders should be aware that transaction costs and duties
may arise as a result of the Changes which will be borne by the
Sub-Fund. Under normal market circumstances the transaction costs
and duties are expected to be immaterial.
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 4.30 p.m. (Luxembourg time) on 6
June 2022. 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 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 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/20220506005025/en/
CONTACT:
Xtrackers
SOURCE: Xtrackers
Copyright Business Wire 2022
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