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 Shareholders of
Xtrackers II ESG EUR Corporate Bond Short Duration UCITS ET
1C (ISIN: LU2178481649)
(the "Sub-Fund")
07 October 2022
Dear Shareholder
The board of directors of the Company (the "Board of Directors")
hereby informs the shareholders of the Sub-Fund (the
"Shareholders") that Bloomberg Index Services Limited, in its
capacity as Index Administrator of the Reference Index of the
Sub-Fund (as set out in the table below), has announced on 15
September 2022 that it will make certain changes to the index
methodology and name of the Reference Index (collectively referred
to as the "Changes"). The Changes will be effective as of 1
November 2022 (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"), unless the context otherwise
requires.
1) Overview of the Changes
As of the Effective Date, the Reference Index shall aim to
comply with the minimum standards laid out for EU Paris Aligned
Benchmarks ("EU PAB") in the Commission Delegated Regulation (EU)
2020/1818 supplementing Regulation (EU) 2016/1011 of the European
Parliament and European Council with regards to the minimum
standards for EU Climate Transition Benchmarks and EU Paris-aligned
Benchmarks (the "PAB Regulation"). The Bloomberg MSCI Euro
Corporate Sustainable and SRI 0-5 Year Index will set an initial
50% decarbonisation of absolute greenhouse gas ("GHG") emissions
relative to the Bloomberg Euro Corporate 0-5 Year Index, followed
by an annual 7% decarbonisation trajectory of absolute GHG
emissions.
Furthermore, the Reference Index shall apply the following
additional environmental, social, and governance ("ESG") criteria,
such that the following bonds will be excluded from the Reference
Index:
-- Issuers where MSCI does not have reported or estimated absolute GHG
emissions data; and
-- Issuers which breach a MSCI Environmental Controversy Score.
In addition to standard monthly rebalancings, the Reference
Index shall also incorporate a semi-annual emissions exclusions
process. The semi-annual process will establish which issuers
should be excluded from the Reference Index to maintain compliance
with the PAB Regulation.
As a result of the above, the Index Administrator has resolved
to change the name of the Reference Index as follows, with effect
from the Effective Date:
Sub-Fund Current Reference Index Amended Reference Index
name name
Xtrackers II ESG EUR Bloomberg MSCI Euro Bloomberg MSCI Euro
Corporate Bond Short Corporate Sustainable Corporate SRI 0-5 Year
Duration UCITS ETF and SRI 0-5 Year Index PAB Index
2) Transparency under SFDR
As a result of the Changes, the Sub-Fund shall be subject to the
disclosure requirements of a financial product under Article 9(3)
SFDR. This determination is made solely on the basis that, as of
the Effective Date, the Reference Index that the Sub-Fund reflects
shall have a reduction of carbon emissions as its objective. Prior
to the Effective Date, the Sub-Fund was subject to the disclosure
requirements of a financial product under Article 8(1) SFDR.
3) Sub-Fund name change
As a result of the Changes, the Board of Directors has resolved
to change the name of the Sub-Fund as follows, with effect from the
Effective Date:
Current Sub-Fund name New Sub-Fund name
Xtrackers II ESG EUR Corporate Bond Xtrackers II EUR Corporate Bond Short
Short Duration UCITS ETF Duration SRI PAB UCITS ETF
General Information
For the avoidance of doubt, the Sub-Fund's fees will remain
unchanged.
Shareholders who subscribe for Shares in the Sub-Fund on the
primary market and who do not agree with the Changes, are entitled
to redeem their Shares in the Sub-Fund in accordance with the
Prospectus. Such redemptions shall be free of any Redemption Charge
from the date of this notice until 3:00 p.m. (Luxembourg time) on
07 November 2022. 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 Prospectus and the key information
documents 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, 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.
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
View source version on businesswire.com:
https://www.businesswire.com/news/home/20221007005052/en/
CONTACT:
Xtrackers II
SOURCE: Xtrackers II
Copyright Business Wire 2022
(END) Dow Jones Newswires
October 07, 2022 04:00 ET (08:00 GMT)
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