Xtrackers (IE) plc
Investment Company with Variable Capital
Registered Office: 78 Sir John Rogerson's Quay, Dublin 2, Ireland
Registration number: 393802
(the “Company”)
Important Notice to Shareholders of:
Xtrackers MSCI Japan ESG Screened UCITS ETF
1D (ISIN: IE00BPVLQD13)
2D – GBP Hedged (ISIN: IE00BPVLQF37)
4C – USD Hedged (ISIN: IE00BTGD1B38)
Xtrackers MSCI USA ESG Screened UCITS ETF
1C (ISIN: IE00BJZ2DC62)
Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF
1C (ISIN: IE00BM67HJ62)
and
Xtrackers MSCI AC World ESG Screened UCITS ETF
1C (ISIN: IE00BGHQ0G80)
5C - USD Hedged (IE000WGF1X01)
(each a “Fund” and together the “Funds”)
21 April 2023
The board of directors of the Company (the “Board of Directors”) hereby informs the shareholders of the Funds (the “Shareholders”) that MSCI Limited (“MSCI”) made an initial announcement towards the end of 2022 that certain changes (the “Changes”) would be made to the MSCI ESG Screened family of indices. DWS liaised with MSCI to understand the nature and scope of such Changes and shortly before the effective date of such Changes received all relevant information relating to the Changes including the scope of indices affected, the simulated impact, and the updated index methodology in relation to each Reference Index. The Changes were effective as of 01 March 2023, following the quarterly rebalancing (the “Effective Date”).
Unless otherwise defined or inconsistent with the context in this document, capitalised terms used herein have the same meanings as are ascribed to them in the current prospectus of the Company and supplement in respect of the relevant Fund.
1. Overview of the Changes
As of the Effective Date, each Reference Index included:
- Additional environmental, social, and governance (“ESG”) driven revenue screens relating to unconventional and/or arctic oil and gas extraction, and palm oil as classified by MSCI in their ESG Business Involvement Screening;
- Additional exclusion criteria on environmental controversies regarding impacts on biodiversity using MSCI ESG Controversies; and
- The addition of an overall Greenhouse Gas (“GHG”) emission intensity reduction target of the Reference Index compared to the relevant Parent Index as identified by MSCI Climate Change Metrics.
General Information
For the avoidance of doubt, the Funds fees will remain unchanged.
Shareholders who subscribe for Shares in the Funds on the primary market and who do not agree with the Changes, are entitled to redeem their Shares in the Funds in accordance with the Prospectus. Such redemptions shall be free of any Redemption Charge from the date of this notice until the Cut-off Time on 22 May 2023. 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 supplement and the key information documents of the Funds reflecting the Changes will be made available on the website of the Company (www.Xtrackers.com) on or around the date of this notice, 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.
Yours faithfully,
______________________________
Director
For and on behalf of
Xtrackers (IE) plc
Contact information
Xtrackers (IE) plc
78 Sir John Rogerson’s Quay, Dublin 2, Ireland
DWS Investment S.A.
2, boulevard Konrad Adenauer, L-1115 Luxembourg, Grand Duchy of Luxembourg
Schedule
Fund | Reference Index |
Xtrackers MSCI World ESG Screened UCITS ETF | MSCI World Select ESG Screened Index |
Xtrackers MSCI EMU ESG Screened UCITS ETF | MSCI EMU Select ESG Screened Index |
Xtrackers MSCI Japan ESG Screened UCITS ETF | MSCI Japan Select ESG Screened Index |
Xtrackers MSCI USA ESG Screened UCITS ETF | MSCI USA Select ESG Screened Index |
Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF | MSCI EM Select ESG Screened Index |
Xtrackers MSCI AC World ESG Screened UCITS ETF | MSCI ACWI Select ESG Screened Index |
Xtrackers MSCI Europe Consumer Discretionary ESG Screened UCITS ETF | MSCI Europe Consumer Discretionary ESG Screened 20-35 Select Index |
Registered in Dublin, Ireland as an open-ended variable capital umbrella investment company with limited liability and as an umbrella fund with segregated liability between funds.
Registration Number 393802. Registered Office as above.
Directors: Tom Murray (Irish), Michael Whelan (Irish), Gerry Grimes (Irish), Julien Boulliat (French) and Philippe Ah-Sun (British))
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