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 ESG USD Corporate Bond Short Duration UCITS ETF
1D (ISIN: IE00BF8J5974)
and
Xtrackers ESG USD Corporate Bond UCITS ETF
1C (ISIN: IE00BL58LJ19)
(each a "Fund" and together the "Funds")
_________________________________________________________________________________
17 October 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 announced on 15 September 2022 that it will
make certain changes to the index methodology and name of each
Reference Index (collectively referred to as the "Changes"). The
changes will be effective as of 1 November 2022 (the "Effective
Date").
Unless otherwise defined or inconsistent with the context in
this document, capitalised terms used herein have the same meanings
as are ascribed to them in the current prospectus of the Company
and supplement in respect of the Fund.
1. Overview of the Changes
As of the Effective Date, each 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 USD Liquid
Investment Grade Corporate Sustainable and SRI Index will set an
initial 50% decarbonisation of absolute greenhouse gas ("GHG")
emissions relative to the Bloomberg USD Liquid Investment Grade
Corporate Index, followed by an annual 7% decarbonisation
trajectory of absolute GHG emissions. The Bloomberg MSCI USD
Corporate Sustainable and SRI 0-5 Years Index will set an initial
50% decarbonisation of absolute GHG emissions relative to the
Bloomberg USD Corporate 0-5 Year Index, followed by an annual 7%
decarbonisation trajectory of absolute GHG emissions.
Furthermore, each 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 each Reference Index as follows, with effect
from the Effective Date:
Fund Current Reference Index Amended Reference Index
name name
Xtrackers ESG USD Bloomberg MSCI USD Bloomberg MSCI USD Liquid
Corporate Bond UCITS ETF Liquid Investment Grade Investment Grade
Corporate Sustainable Corporate SRI PAB Index
and SRI Index
Xtrackers ESG USD Bloomberg MSCI USD Bloomberg MSCI USD
Corporate Bond Short Corporate Sustainable Corporate SRI 0-5 Years
Duration UCITS ETF and SRI 0-5 Years Index PAB Index
2. Transparency under SFDR
As a result of the Changes, the Funds 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 each Fund reflects
shall have a reduction of carbon emissions as its objective. Prior
to the Effective Date, the Funds were subject to the disclosure
requirements of a financial product under Article 8(1) SFDR.
3. Fund name change
As a result of the Changes, the Board of Directors has resolved
to change the name of each Fund as follows, with effect from the
Effective Date:
Current Fund name New Fund name
Xtrackers ESG USD Corporate Bond UCITS Xtrackers USD Corporate Bond SRI PAB
ETF UCITS ETF
Xtrackers ESG USD Corporate Bond Short Xtrackers USD Corporate Bond Short
Duration UCITS ETF Duration SRI PAB UCITS ETF
General Information
The Changes will be reflected in an updated Supplement to be
issued on or around the Effective Date, subject to the approval of
the Central Bank of Ireland.
Copies of the revised supplement and the key information
documents of the Funds 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.
______________________________
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 funds.
Registration Number 393802. Registered Office as above.
Directors: Tom Murray (Irish), Michael Whelan (Irish), Gerry
Grimes (Irish), Julien Boulliat (French), Philippe Ah-Sun (British)
and Michael Mohr (German)
View source version on businesswire.com:
https://www.businesswire.com/news/home/20221017005104/en/
CONTACT:
Xtrackers (IE) plc
SOURCE: Xtrackers (IE) plc
Copyright Business Wire 2022
(END) Dow Jones Newswires
October 17, 2022 04:00 ET (08:00 GMT)
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