Xtrackers (IE) plc
Investment Company with Variable Capital
Registered office: 78 Sir John Rogerson's Quay, Dublin 2,
Ireland
Central Bank of Ireland registry number: 393802
(the "Company")
Important Notice to Shareholders of
Xtrackers ESG USD Corporate Bond UCITS ETF
1C (ISIN: IE00BL58LJ19)
Xtrackers iBoxx USD Corporate Bond Yield Plus UCITS ETF
(to be renamed Xtrackers ESG USD Corporate Bond Short Duration
UCITS ETF)(1) 1D (ISIN: IE00BF8J5974)
(each a "Fund" and together the "Funds")
14 February 2022
Dear Shareholder,
The board of directors of the Company (the "Board of Directors")
hereby informs the shareholders of the Funds (the "Shareholders")
that Bloomberg Index Services Limited, in its capacity as Index
Administrator of the Reference Index of each Fund (as set out in
the table below), has resolved to make certain changes to the
environmental, social and governance ("ESG") components of the
index methodology of each Reference Index (collectively referred to
as the "Changes"). The Changes will be effective as of 28 February
2022 (the "Effective Date").
Fund Reference Index
Xtrackers ESG USD Corporate Bond UCITS Bloomberg MSCI USD Liquid Investment
ETF Grade Corporate Sustainable and SRI
Index
Xtrackers iBoxx USD Corporate Bond Bloomberg MSCI USD Corporate
Yield Plus UCITS ETF (to be renamed Sustainable and SRI 0-5 Years
Xtrackers ESG USD Corporate Bond Short Index(2)
Duration UCITS ETF)(1)
Capitalised terms used in this notice shall have the same
meaning ascribed to them in the current version of the prospectus
of the Company (the "Prospectus"), unless the context otherwise
requires.
A) OVERVIEW OF THE CHANGES
Addition of ESG exclusion standards
Currently the Reference Index of each Fund applies an ESG
screening approach which excludes companies that, amongst others,
(i) are unrated by MSCI ESG Research, (ii) are assigned an MSCI ESG
Rating of BB or below, (iii) have a "red" MSCI ESG Controversies
Score, (iv) are classified by MSCI in their Business Involvement
Screening Research as breaching certain revenue thresholds in
controversial activities associated and (v) are involved in
controversial weapons, nuclear weapons, unconventional oil &
gas, thermal coal or with any fossil fuel reserves (the "ESG
Exclusion Criteria").
As of the Effective Date, if having applied the ESG Exclusion
Criteria less than 20% of the total number of issuers in the
eligible universe (the "Relevant Threshold") are excluded, the
remaining issuers will be ranked according to MSCI ESG Rating score
and MSCI ESG Controversies score and those with the lowest ranking
will be excluded from the Reference Index, until the number of
excluded issuers is higher than the Relevant Threshold.
B) GENERAL INFORMATION
Copies of the revised Supplement and the key information
documents of 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, if any, 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.
______________________
Director
for and on the 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
(1) Further to the Circular to the Shareholders and Notice of
Extraordinary General Meeting dated 7 January 2022, the name of the
Fund will be changed to Xtrackers ESG USD Corporate Bond Short
Duration UCITS ETF on 23 February 2022.
(2) The Changes will be made to the new Reference Index of the
Fund, Bloomberg MSCI USD Corporate Sustainable and SRI 0-5 Years
Index (replacing the current Reference Index, Markit iBoxx USD
Corporates 1-20 Yield Plus Index, on 23 February 2022).
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.
Registration Number 393802. Registered Office as above.
Directors: Tom Murray (Irish), Michael Whelan (Irish), Gerry
Grimes (Irish), Alex McKenna (British), Philippe Ah-Sun (British)
and Julien Boulliat (French).
View source version on businesswire.com:
https://www.businesswire.com/news/home/20220214005084/en/
CONTACT:
Xtrackers (IE) plc
SOURCE: Xtrackers (IE) plc
Copyright Business Wire 2022
(END) Dow Jones Newswires
February 14, 2022 04:00 ET (09:00 GMT)
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