LONDON, October 25, 2021--(BUSINESS WIRE)--
Investment Company with Variable Capital
Registered office: 49, avenue J.F. Kennedy, L-1855 Luxembourg
R.C.S. Luxembourg B-119.899
IMPORTANT NOTICE TO THE SHAREHOLDERS OF:
Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (ISIN: LU0292106753)
Xtrackers LevDAX Daily Swap UCITS ETF (ISIN: LU0411075376)
Xtrackers ShortDAX Daily Swap UCITS ETF (ISIN: LU0292106241)
Xtrackers ShortDAX x2 Daily Swap UCITS ETF (ISIN: LU0411075020)
(each a "Sub-Fund" and together the "Sub-Funds")
25 October 2021
The board of directors of the Company (the "Board of Directors") hereby informs the shareholders of the Sub-Funds about certain changes to the Sub-Funds as outlined below.
Capitalised terms not defined herein shall have the meaning given to them in the most recent version of the prospectus of the Company (the "Prospectus"), unless the context otherwise requires.
The Euro Over Night Index Average ("EONIA") administrator, European Money Markets Institute, announced that it will stop publishing the EONIA on 3 January 2022. The European Central Bank’s working group on euro risk-free rates recommended that the Euro short term rate ("€STR") replaces the EONIA as the Euro risk-free rate.
Currently the level of each Reference Index is linked to the daily performance of an underlying index (as set out in the table below) plus or less a rate of interest (dependent on the Reference Index) which is based on the EONIA as a reference rate.
As a result of the abovementioned decommissioning of EONIA, the Index Administrator of the Reference Index of each Sub-Fund (as set out in the table below) will replace EONIA with €STR flat (i.e. no additional spread) in the methodology of the Reference Index of each Sub-Fund effective as of 8 November 2021:
Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF
EURO STOXX 50® Short Index
EURO STOXX 50® Index
Xtrackers LevDAX Daily Swap UCITS ETF
Xtrackers ShortDAX Daily Swap UCITS ETF
Xtrackers ShortDAX x2 Daily Swap UCITS ETF
ShortDAX® x2 Index
For the avoidance of doubt, the replacement of EONIA with €STR flat as the reference rate is not a material change to the Reference Index of each Sub-Fund. The Reference Index of each Sub-Fund will continue to provide the same leveraged and/or short exposures to the relevant equity index and will still feature an overnight refinancing rate.
For the avoidance of doubt, the Sub-Funds’ names, investment objectives, risk profiles and fees will remain unchanged.
Copies of the revised version of the Prospectus reflecting the changes will be made available on the Company’s website (www.Xtrackers.com) and copies thereof may be obtained on request, free of charge, at the registered office of the Company or the offices of the foreign representatives of the Company, once available.
This notice is for information purposes only. Shareholders are not required to take any action.
Shareholders who have any queries or to whom any of the above is not clear should seek advice from their stockbroker, bank manager, legal adviser, accountant or other independent financial advisor.
Further information in relation to the changes set out herein 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.
The Board of Directors
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
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