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 Global SDGs UCITS ETF
1C (IE000PSF3A70)
Xtrackers MSCI Global SDGs Social Fairness Contributors UCITS ETF
1C (IE000L2IS494)
Xtrackers MSCI Global SDG 3 Good Health UCITS ETF
1C (IE00036F4K40)
Xtrackers MSCI Global SDG 6 Clean Water & Sanitation UCITS ETF
1C (IE0007WJ6B10)
Xtrackers MSCI Global SDG 7 Affordable and Clean Energy UCITS ETF
1C (IE000JZYIUN0)
Xtrackers MSCI Global SDG 9 Industry, Innovation & Infrastructure UCITS ETF
1C (IE0005E47AH7)
Xtrackers MSCI Global SDG 11 Sustainable Cities UCITS ETF
1C (IE000V0GDVU7)
Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF
1C (IE000Y6ZXZ48)
(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 (the “Index Administrator”) of the reference index of each of the Funds (the “Reference Index”) 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.
Fund
| Reference Index |
Xtrackers MSCI Global SDGs UCITS ETF | MSCI ACWI IMI SDG Impact Select Index |
Xtrackers MSCI Global SDGs Social Fairness Contributors UCITS ETF | MSCI ACWI IMI SDG Social Fairness Select Index |
Xtrackers MSCI Global SDG 3 Good Health UCITS ETF | MSCI ACWI IMI SDG 3 Good Health and Well-being Select Index |
Xtrackers MSCI Global SDG 6 Clean Water & Sanitation UCITS ETF | MSCI ACWI IMI SDG 6 Clean Water and Sanitation Select Index |
Xtrackers MSCI Global SDG 7 Affordable and Clean Energy UCITS ETF | MSCI ACWI IMI SDG 7 Affordable and Clean Energy Select Index |
Xtrackers MSCI Global SDG 9 Industry, Innovation & Infrastructure UCITS ETF | MSCI ACWI IMI SDG 9 Industry, Innovation and Infrastructure Select Index |
Xtrackers MSCI Global SDG 11 Sustainable Cities UCITS ETF | MSCI ACWI IMI SDG 11 Sustainable Cities and Communities Select Index |
Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF
| MSCI ACWI IMI SDG 12 Responsible Consumption and Production Select Index |
A. Overview of the Changes
1. 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 fossil fuel extraction and power generation screens.
For clarity we have listed below the full list of the ESG Exclusion Criteria which were enhanced with fossil fuel extraction 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 ‘B’ and below;
- have any tie to controversial weapons;
- are classified by MSCI in their Business Involvement Screening Research as breaching certain thresholds in controversial activities, including, but not limited to, tobacco, conventional weapons, nuclear weapons, civilian firearms, thermal coal, adult entertainment, alcohol, gambling, genetically modified organisms, nuclear power, fossil fuel reserves ownership, fossil fuel extraction and oil sands, unconventional oil & gas extraction, and power generation;
- fail to comply with the United Nations Global Compact principles,
- have an MSCI ESG Controversies Score of 0 or those with very severe controversies, or have an insufficient MSCI ESG Controversies score related to certain environmental controversies; and
- are assessed by MSCI Impact Solutions’ SDG Alignment as ‘Misaligned’ or ‘Strongly Misaligned’ on their net alignment to any of the 17 SDGs.
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”).
2. From the Effective Date, the minimum share of sustainable investments of each Fund listed below will change as follows:
Fund | Current Minimum Proportion of Sustainable Investments | New Minimum Proportion of Sustainable Investments |
Xtrackers MSCI Global SDG 7 Affordable and Clean Energy UCITS ETF |
25% |
50% |
Xtrackers MSCI Global SDG 11 Sustainable Cities UCITS ETF
|
25% |
50% |
Xtrackers MSCI Global SDG 9 Industry, Innovation & Infrastructure UCITS ETF |
25% |
50% |
For the avoidance of doubt, the minimum share of sustainable investments of the following Funds will remain unchanged:
- Xtrackers MSCI Global SDGs UCITS ETF
- Xtrackers MSCI Global SDGs Social Fairness Contributors UCITS ETF
- Xtrackers MSCI Global SDG 3 Good Health UCITS ETF
- Xtrackers MSCI Global SDG 6 Clean Water & Sanitation UCITS ETF
- Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF
3. Fund name changes
Further to the Changes set out above, the Board of Directors has resolved to amend the name of each of the following Funds as set out below on the Effective Date:
Current Fund Name
| New Fund Name |
Xtrackers MSCI Global SDG 6 Clean Water & Sanitation UCITS ETF | Xtrackers MSCI Global Clean Water & Sanitation UCITS ETF |
Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF | Xtrackers MSCI Global Circular Economy UCITS ETF |
Xtrackers MSCI Global SDGs Social Fairness Contributors UCITS ETF | Xtrackers MSCI Global Social Fairness Contributors UCITS ETF |
For the avoidance of doubt, the names of the following Funds will remain unchanged:
- Xtrackers MSCI Global SDGs UCITS ETF
- Xtrackers MSCI Global SDG 3 Good Health UCITS ETF
- Xtrackers MSCI Global SDG 7 Affordable and Clean Energy UCITS ETF
- Xtrackers MSCI Global SDG 9 Industry, Innovation & Infrastructure UCITS ETF
- Xtrackers MSCI Global SDG 11 Sustainable Cities UCITS ETF
Furthermore, 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.
B. General Information
Copies of the revised Supplement and where relevant the Key Information Document for each Fund reflecting the aforementioned 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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