LONDON--(BUSINESS WIRE)--
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 THE SHAREHOLDERS OF:
Xtrackers II ESG Global Aggregate Bond UCITS ETF
1D (LU0942970103)
3D – GBP Hedged (LU0942970368)
(the “Sub-Fund”)
29 November 2024
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 Sub-Fund (the “Index Administrator”) informed the Company on 4 November 2024 that it is introducing certain changes as detailed below (the “Changes”).
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.
The Sub-Fund tracks the performance of the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral Index (the “Reference Index”).
A. Overview of the Changes
The Index Administrator announced that enhancements will be made to the existing Environmental, Social, and Governance exclusion criteria (the “ESG Exclusion Criteria”) in particular to the controversies, climate change metrics and controversial activities criteria.
As of the Effective Date (as defined below), the following ESG Exclusion Criteria will be applied:
- companies that fail to comply with the United Nations Global Compact Principles, have an MSCI ESG Controversies Score below a certain threshold, have an insufficient MSCI ESG Controversies Score related to certain environmental controversies, or are not researched by MSCI ESG Controversies;
- companies that have not been researched as per the MSCI Climate Change Metrics methodology;
- companies that are not covered by MSCI ESG Business Involvement Screening Research or breach certain revenue thresholds in controversial activities, including, but not limited to, alcohol, tobacco, gambling, adult entertainment, genetically modified organisms, civilian firearms, oil & gas, thermal coal, fossil fuel, nuclear weapons, and power generation; and
- companies with any involvement in controversial weapons are 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 Product Annex will be amended as required to reflect the above.
The Changes will be applied at the scheduled ordinary index review on 2 December 2024 (the “Effective Date”).
For the avoidance of doubt, the Sub-Fund’s investment objective, investment policy, risk profile and fees remain unchanged.
The complete text of the announcement made by the Index Administrator on 4 November 2024 is available at: https://assets.bbhub.io/professional/sites/27/Consultation-Results-Bloomberg-MSCI-Global-Aggregate-Sustainable-and-SRI-Index.pdf
B. General Information
Copies of the revised Prospectus 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.
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.
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