Last checked at 10 Jan 2020 12:15
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 DB Bloomberg Commodity Optimum Yield Swap UCITS ETF, and
Xtrackers DBLCI Commodity Optimum Yield Swap UCITS ETF
10 January 2020
Dear Shareholder
This letter is to inform you on behalf of the board of directors of the Company (the “Board of Directors”) about certain changes to the sub-funds of the Company, as outlined below.
Changes in respect of the sub-funds Xtrackers DB Bloomberg Commodity Optimum Yield Swap UCITS ETF, and Xtrackers DBLCI Commodity Optimum Yield Swap UCITS ETF (the “Sub-Funds”)
Background
In order to achieve the Investment Objective, the Sub-Funds will invest in transferable securities and enter into derivative(s) with one or more Swap Counterparties relating to the transferable securities and the Reference Index, in order to obtain the return on the Reference Index (an "Unfunded Swap"). The purpose of the Unfunded Swap is to exchange all or part of the performance and/or income of such Invested Assets to gain exposure to the Reference Index.
Pursuant to the Prospectus, the Invested Assets that can be subject to an Unfunded Swap are equity securities of issuers listed or traded on an official stock exchange of an OECD Member State unless otherwise specified in the relevant Product Annex. These Invested Assets may also contain a limited amount of UCITS eligible securities that do not fall into this description which will be disclosed in the financial statements.
The Product Annexes of the Sub-Funds currently are silent on the nature of the Invested Assets.
Invested Assets
The following language shall be added to the section titled ‘Investment Policy’ of each Product Annex:
“The Invested Assets that can be subject to an Unfunded Swap are equity securities of issuers listed or traded on an official stock exchange of an OECD Member State, and/or eligible fixed income securities.”
Impact of the Changes
For the avoidance of doubt, the abovementioned change does not represent a material change to the investment policy of the relevant Sub-Funds and/or the methodology of the relevant Reference Index, and each Fund’s name, investment objective, risk profile and fees remains unchanged.
Timing for Implementation
It is intended that the changes in respect of the Investment Policy take effect on or about 12 February 2020.
General Information
Further information in relation to the changes set out herein may be obtained from the offices of foreign representatives or by sending an email to Xtrackers@dws.com.
Copies of the revised Prospectus and the key investor information documents' of the Sub-Funds reflecting the changes will be made available on the website of the Company (www.Xtrackers.com), 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.
Capitalised terms not defined herein shall have the meaning given to them in the Prospectus of the Company unless the context otherwise requires.
Shareholders who subscribe for or redeem Shares in the Sub-Funds on the primary market and who do not agree with the above changes 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 p.m. (Luxembourg time) on 11 February 2020. 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.
If you have any queries or if any of the above is not clear you should seek advice from your stockbroker, bank manager, legal adviser, accountant or other independent financial advisor.
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
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