LONDON--(BUSINESS WIRE)--
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 World ESG UCITS ETF
1C (ISIN: IE00BZ02LR44)
Xtrackers MSCI USA ESG UCITS ETF
1C (ISIN: IE00BFMNPS42)
1D (ISIN: IE000UMV0L21)
Xtrackers MSCI Japan ESG UCITS ETF
1C (ISIN: IE00BG36TC12)
Xtrackers MSCI Europe ESG UCITS ETF
1C (ISIN: IE00BFMNHK08)
Xtrackers MSCI EMU ESG UCITS ETF
1C (ISIN: IE00BNC1G699)
Xtrackers MSCI Emerging Markets ESG UCITS ETF
1C (ISIN: IE00BG370F43)
(each individually a “Fund” and collectively the “Funds”)
27 November 2024
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 of the reference index of each of the Funds (the “Index Administrator”) informed the Company on 14 November 2024 that it would introduce certain changes as detailed below (the “Changes”) to be applied at the scheduled ordinary index review on 26 November 2024 (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.
A. Overview of the Changes
1. The relevant Reference Index of each Fund was renamed as set out below:
Fund |
Current Reference Index |
New Reference Index
|
Xtrackers MSCI World ESG UCITS ETF |
MSCI World Low Carbon SRI Leaders Index |
MSCI World Low Carbon SRI Selection Index |
Xtrackers MSCI USA ESG UCITS ETF |
MSCI USA Low Carbon SRI Leaders Index |
MSCI USA Low Carbon SRI Selection Index |
Xtrackers MSCI Japan ESG UCITS ETF |
MSCI Japan Low Carbon SRI Leaders Index |
MSCI Japan Low Carbon SRI Selection Index |
Xtrackers MSCI Europe ESG UCITS ETF |
MSCI Europe Low Carbon SRI Leaders Index |
MSCI Europe Low Carbon SRI Selection Index |
Xtrackers MSCI EMU ESG UCITS ETF |
MSCI EMU Low Carbon SRI Leaders Index |
MSCI EMU Low Carbon SRI Selection Index |
Xtrackers MSCI Emerging Markets ESG UCITS ETF |
MSCI EM Low Carbon SRI Leaders Index |
MSCI EM Low Carbon SRI Selection Index |
2. The Index Administrator announced that enhanced criteria would be applied to the existing Environmental, Social, and Governance exclusion criteria (the “ESG Exclusion Criteria”) of each Reference Index.
Each Reference Index applies the High ESG Performance Selection Rules.
Under the High ESG Performance Selection Rules, MSCI ESG Business Involvement Screening Research (“MSCI BISR”) is utilised to identify and exclude companies involved in industries with a high potential for negative environmental, health and/or social impact based on the value-based criteria and thresholds from the MSCI SRI Indexes methodology.
As of the Effective Date, the index methodology was updated to reflect an enhanced oil & gas screen. As a result, the following screens in relation to the MSCI BISR will apply:
Alcohol, tobacco, gambling, adult entertainment, genetically modified organisms, civilian firearms, oil & gas, nuclear weapons, thermal coal, fossil fuel, and fossil fuel-based power generation. Companies with any involvement in controversial weapons are explicitly excluded.
The ESG Exclusion Criteria comprise the requirements as laid out in Article 12(1)(a) to (g) of the Commission Delegated Regulation (EU) 2020/1818 (“PAB Exclusions”).
The Supplement has been amended to include the list of industries set out above. From time to time, other activities may also be subject to exclusion and more conservative thresholds may apply.
For the avoidance of doubt, the Funds’ investment objectives, investment policies, risk profiles and fees remain unchanged.
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 for each Fund reflecting the Changes have been made available on the website of the Company (www.Xtrackers.com) on 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