Concept Fund Solutions plc (the "Company")
78 Sir John Rogerson's Quay
Dublin 2
IMPORTANT NOTICE TO SHAREHOLDERS OF THE FOLLOWING SUB-FUNDS
db x-trackers MSCI Nordic Index UCITS ETF (DR) (ISIN:
IE00B9MRHC27)
db x-trackers Mittelstand & MidCap Germany UCITS ETF (DR)
(ISIN: IE00B9MRJJ36)
db x-trackers MSCI USA Index UCITS ETF (DR) (ISIN:
IE00BJ0KDR00)
db x-trackers MSCI Turkey Index UCITS ETF (DR) (ISIN:
IE00B9L63S81)
db x-trackers S&P 500® Equal Weight UCITS ETF (DR) (ISIN:
IE00BLNMYC90)
db x-trackers MSCI North America High Dividend Yield Index UCITS
ETF (DR) (ISIN: IE00BH361H73)
db x-trackers Equity Low Beta Factor UCITS ETF (DR) (ISIN:
IE00BL25JN58)
db x-trackers Equity Quality Factor UCITS ETF (DR) (ISIN:
IE00BL25JL35)
db x-trackers Equity Momentum Factor UCITS ETF (DR) (ISIN:
IE00BL25JP72)
db x-trackers Equity Value Factor UCITS ETF (DR) (ISIN:
IE00BL25JM42)
(collectively referred to as the "Sub-Funds" and individually as
a "Sub-Fund")
1 December 2014
Dear Shareholder
The purpose of this letter is to inform you about recent
developments in respect of the Sub-Fund in which you hold
Shares.
Capitalised terms used in this notice shall have the same
meaning ascribed to them in the latest version of the prospectus,
dated 28 May 2014, of the Company unless the context otherwise
requires.
Under the terms of the sub-investment management agreement dated
11 February 2014 between Deutsche International Corporate Services
(Ireland) Limited (the "Investment Manager") and Deutsche Asset
Management (UK) Limited (the "Sub-Investment Management
Agreement"), and the execution agent agreement between the
Investment Manager and Deutsche Asset and Wealth Management
International GmbH dated 27 August 2014 (the "Execution Agent
Agreement"), the Investment Manager appointed each of Deutsche
Asset Management (UK) Limited and Deutsche Asset and Wealth
Management International GmbH to act as sub-investment manager and
execution agent respectively, to perform certain investment
management functions in respect of the Sub-Funds. The Directors of
the Company wish to notify you that both the Sub-Investment
Management Agreement and the Execution Agent Agreement will be
terminated in respect of the Sub-Funds with effect on, or around,
the date shown in the below table (the "Effective Date").
Appointment of Sub-Investment Manager
The Directors of the Company wish to notify you in advance that
it is proposed that Deutsche International Corporate Services
(Ireland) Limited (the "Investment Manager") will appoint Deutsche
Asset and Wealth Management Investment GmbH as the sub-investment
manager (the "Sub-Investment Manager") in respect of the Sub-Funds
to carry out certain investment management functions for the
Sub-Funds in place of the arrangements described above.
The Sub-Investment Manager will be appointed by way of a
sub-investment management agreement dated on, or around, 11
December 2014.
The Sub-Investment Manager was incorporated in Frankfurt am
Main, Germany on 22 May 1956 and is regulated by the German Federal
Financial Supervisory Authority (BaFin). The Sub-Investment Manager
had approximately EUR699 billion in assets under management as at
30 September 2014.
The appointment of the Sub-Investment Manager will take effect,
in respect of each Sub-Fund on, or around, the Effective Date:
Sub-Fund Effective Date
db x-trackers MSCI Nordic Index UCITS ETF (DR) 15 December 2014
db x-trackers Mittelstand & MidCap 15 December 2014
Germany UCITS ETF (DR)
db x-trackers MSCI USA Index UCITS ETF (DR) 15 December 2014
db x-trackers MSCI Turkey Index UCITS ETF (DR) 15 December 2014
db x-trackers MSCI North America High Dividend 15 December 2014
Yield Index UCITS ETF (DR)
db x-trackers S&P 500® Equal Weight UCITS ETF (DR) 18 December 2014
db x-trackers Equity Low Beta Factor UCITS ETF (DR) 18 December 2014
db x-trackers Equity Quality Factor UCITS ETF (DR) 18 December 2014
db x-trackers Equity Momentum Factor UCITS ETF (DR) 18 December 2014
db x-trackers Equity Value Factor UCITS ETF (DR) 18 December 2014
Appointment of Sub-Portfolio Manager
The Directors of the Company also wish to notify you in advance
that it is proposed that the Sub-Investment Manager will in turn
appoint Deutsche Asset Management (UK) Limited (the Sub-Portfolio
Manager) to carry out certain investment management functions for
the Sub-Funds, including selection of the Sub-Funds'
investments.
The Sub-Portfolio Manager was incorporated in the United Kingdom
on 16 September 2004 and is regulated by the Financial Conduct
Authority (FCA). The Sub-Portfolio Manager had approximately
GBP17.5 billion in assets under management as at 30 September
2014.
The Sub-Portfolio Manager will be appointed by way of a
sub-portfolio management agreement dated on, or around, 11 December
2014.
The amendments referred to above will be reflected in an updated
supplement to be issued on or around the Effective Date. Copies of
the updated Supplement in relation to each of the Sub-Funds
reflecting the above changes will be available on the website of
the Company (http://www.etf.db.com), and a copy 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.
If you have any queries or if any of the above is not clear you
should seek advice from your stockbroker, bank manager, legal
adviser, accountant or other independent financial advisor.
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.
Thank you for your continuing support of the Company.
Yours faithfully
______________________
Director
For and on behalf of
Concept Fund Solutions plc
Contact information
Concept Fund Solutions plc
78 Sir John Rogerson's Quay
Dublin 2
Registered in Dublin as an open-ended variable capital umbrella
investment company with limited liability and as an umbrella fund
with segregated liability between sub-funds.
Regulated by the Central Bank of Ireland. Registration Number
393802. Registered Office as above.
Directors: Tom Murray, Peter Murray, Michael Whelan, Gerry
Grimes, Alex McKenna (UK), Manooj Mistry (UK)
This information is provided by Business Wire
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