Xtrackers II

Investment Company with Variable Capital

Registered office: 49, avenue J.F. Kennedy, L-1855 Luxembourg

R.C.S. Luxembourg B-124.284

(the “Company”)

IMPORTANT NOTICE TO THE SHAREHOLDERS OF:

Xtrackers II ESG Global Government Bond UCITS ETF

1D (ISIN: LU2385068163)

2D – GBP Hedged (ISIN: LU2385068247)

3D – USD Hedged (ISIN: LU2385068320)

(the “Sub-Fund”)

2 December 2024

The board of directors of the Company (the "Board of Directors") hereby informs the shareholders of the Sub-Fund (the "Shareholders") that FTSE Fixed Income LLC, in its capacity as Index Administrator of the Sub-Fund, announced on 16 September 2024 that certain changes (the “Changes”), as set out below, would be made to the index methodology of the reference index of the Sub-Fund (the “Reference Index”) effective as of 2 December 2024 (the “Effective Date”).

Sub-fund

Reference Index

Xtrackers II ESG Global Government Bond UCITS ETF

FTSE ESG Select World Government Bond Index - DM

Shareholders can access the announcement related to the Changes via the following link: https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2613622.

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.

Overview of the Changes

Source of ESG Data

Currently, the ESG scores calculated in the Reference Index to assess a country’s exposure to, and management of, ESG risks are determined by the Sustainability Profile of the Beyond Ratings Sovereign Risk Monitor (“SRM”).

As of the Effective Date, such ESG inputs will be sourced from the Sustainable Sovereign Risk Methodology (2SRM), which is an enhanced version of the previously used SRM.

Social Violations

As of the Effective Date, in addition to the existing ESG Scores and Freedom country inclusion criteria, the Reference Index will exclude countries that are subject to social violations as referred to in international treaties and conventions, United Nations principles and, where applicable, national law. The countries that are present on the EU list of non-cooperative jurisdictions for tax purposes will also be excluded.

Minimum Green Bond Exposure Criteria and Duration Neutrality

As of the Effective Date, a green bond tilt will be also introduced, so that eligible bonds meet a certain minimum threshold of the Reference Index. This is implemented while maintaining the ESG-tilted country exposures and keeping the index duration aligned with the duration of the Reference Index universe.

Share of Sustainable Investments

As a result of the Changes, the minimum share of sustainable investments of the Sub-Fund set out in Annex IV "Pre-contractual Information on Sustainable Investments" of the Prospectus, will change from the Effective Date as follows:

Sub-Fund

Current minimum Share of Sustainable Investments

New minimum Share of Sustainable Investments

Xtrackers II ESG Global Government Bond UCITS ETF

0%

5%

For the avoidance of doubt, whilst the Sub-Fund will invest a minimum proportion of its assets in sustainable investments as defined by Article 2 (17) SFDR, the Sub-Fund will not have sustainable investments as its objectives.

General Information

If the Changes do not suit your investment requirements, you may request redemption of your shares free of any Redemption Charge in accordance with the terms of the Prospectus.

Copies of the revised Prospectus, the key information document and the Pre-contractual Information on Sustainable Investments document of the Sub-Fund reflecting the Changes will be made available on the website of the Company (www.Xtrackers.com) on or around the Effective Date. The documents 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.

This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements. Further information in relation to the UK sustainability labelling and disclosure requirements can be found on the UK FCA’s website.

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 II

The Board of Directors

Contact Information

Xtrackers II

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

Copyright Business Wire 2024