Last checked at 8 Jul 2022 09:00
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/orinvest 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
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