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 World Quality ESG UCITS ETF
1C (IE0003NQ0IY5)
Xtrackers MSCI World Value ESG UCITS ETF
1C (IE000LAUZQT6)
Xtrackers MSCI World Minimum Volatility ESG UCITS ETF
1C (IE0008YN0OY8)
Xtrackers MSCI World Momentum ESG UCITS ETF
1C (IE000TL3PL69)
(each a “Fund” and together the “Funds”)
31 January 2025
Dear Shareholder,
The board of directors of the Company (the “Board of Directors”) hereby informs the shareholders of the Funds (the “Shareholders”) that MSCI Limited, in its capacity as index administrator of the reference index of each of the Funds (the “Index Administrator”) will introduce certain changes as detailed below (the “Changes”) to be applied at the scheduled ordinary index review and effective on 3 March 2025 (the “Effective Date”).
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”) or the supplement of the relevant Fund (the “Supplement”) unless the context otherwise requires.
The Funds aim to replicate or track the performance of the following reference indices (each a “Reference Index” and together the “Reference Indices”):
Fund
| Reference Index |
Xtrackers MSCI World Quality ESG UCITS ETF | MSCI World Quality Low Carbon SRI Screened Select Index |
Xtrackers MSCI World Value ESG UCITS ETF | MSCI World Value Low Carbon SRI Screened Select Index |
Xtrackers MSCI World Minimum Volatility ESG UCITS ETF | MSCI World Minimum Volatility Low Carbon SRI Screened Select Index |
Xtrackers MSCI World Momentum ESG UCITS ETF | MSCI World Momentum Low Carbon SRI Screened Select Index |
- Overview of the Changes
- The Index Administrator will apply certain enhanced criteria to the existing Environmental, Social, and Governance exclusion criteria (the “ESG Exclusion Criteria”) of each Reference Index of each Fund. As of the Effective Date, the index methodology will be updated to reflect enhanced oil & gas and power generation screens.
For clarity we have listed below the full list of the ESG Exclusion Criteria which were enhanced with oil & gas and power generation screens. The enhanced ESG Exclusion Criteria will therefore be applied to exclude companies that:
- are unrated or missing coverage by MSCI ESG Research;
- are assigned an MSCI ESG Rating of BB or below;
- have any involvement in controversial weapons;
- are classified by MSCI in their Business Involvement Screening Research or Climate Change Metrics as breaching certain revenue thresholds in controversial activities, including, but not limited to, civilian firearms, nuclear weapons, tobacco, adult entertainment, alcohol, conventional weapons, gambling, genetically modified organisms, nuclear power, fossil fuel reserves ownership, fossil fuel extraction, oil & gas and power generation; and
- fail to comply with the United Nations Global Compact principles, have a MSCI Controversies Score of 0, or have an insufficient MSCI ESG Controversies Score related to certain environmental controversies.
Such exclusions comprise the requirements as laid out in Article 12(1)(a) to (g) of the Commission Delegated Regulation (EU) 2020/1818 (“PAB Exclusions”).
For the avoidance of doubt, each Fund’s investment objective, investment policy, risk profile and fees remain unchanged. Each Fund will continue to be subject to the disclosure requirements of a financial product under Article 8(1) of SFDR.
For full details about the changes to the index methodology, please refer to the website of the Index Administrator on www.msci.com/index-methodology.
- General Information
Copies of the revised Supplement for each Fund reflecting the Changes will be made available on the website of the Company (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.
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.
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
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 sub-funds.
Registration Number 393802. Registered Office as above.
Directors: Tom Murray (Irish), Michael Whelan (Irish), Gerry Grimes (Irish), Philippe Ah-Sun (British), Julien Boulliat (French)
and Roberto Cesca (Italian)
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