Important Notice to Shareholders



Investment Company with Variable Capital

Registered office: 49, avenue J.F. Kennedy, L-1855 Luxembourg

R.C.S. Luxembourg B-119.899

(the “Company”)


Xtrackers MSCI Bangladesh Swap UCITS ETF

ISIN: LU0659579220

(the “Sub-Fund”)

3 February 2020

We refer to the notice dated 10 January 2020 informing you about the decision of the board of directors of the Company (the “Board of Directors”) to terminate the Sub-Fund (the “Original Notice”).

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.

As described in the Original Notice, the Board of Directors deems it appropriate to terminate the Sub-Fund because it is below the Minimum Net Asset Value as set out in the Prospectus and had demonstrated persistently low levels of demand. The termination of sub-funds that have demonstrated sustained low levels of demand is an ordinary part of the business, along with the launch of new sub-funds and/or share classes where high levels of demand exist.

Consequently, the Board of Directors decided, in the best interest of the Shareholders, to terminate the Sub-Fund with effect from 26 February 2020 (the “Original Termination Date”) and to proceed with the compulsory redemption of all outstanding Shares of the Sub-Fund in accordance with the applicable provisions of the Articles of Incorporation and the Prospectus (the “Termination”).

The Board of Directors hereby informs the Shareholders about its decision to postpone the Termination such that the Sub-Fund will be terminated and its outstanding shares compulsorily redeemed with effect from 10 March 2020 (the “New Termination Date”). The last Net Asset Value of the Sub-Fund will be calculated as of 10 March 2020. For the avoidance of doubt, there has been no change to the Last Trading Day (defined below) or the applicable Cut-off Time and date for primary market redemption orders as set out in the Original Notice.

No further subscriptions in, or conversions into, the Sub-Fund are accepted as from the date of the Original Notice, i.e. 10 January 2020.

Trading on all relevant stock exchanges will cease with effect from close of trading on 10 February 2020 (the "Last Trading Day"). Therefore, sale or purchase of Shares in the Sub-Fund in the secondary market may only be made until close of trading on the relevant stock exchange on the Last Trading Day. For the avoidance of doubt the secondary market includes both trades on the relevant stock exchanges and any over-the-counter trades. The Sub-Fund is listed on the United Kingdom Listing Authority’s Official List and as a result of the Termination, the Sub-Fund will be de-listed from the Official List with effect from 8.00am on 11 February 2020.

Requests for redemption for Shares in the Sub-Fund in the primary market, where applicable, may be made in the usual manner for processing in accordance with the Prospectus until the applicable Cut-off Time on 11 February 2020. However, the liquidation costs (if any) will be taken into account in the Redemption Price. After the applicable Cut-off Time on 11 February 2020, no further redemptions will be accepted.

Please see below for a summary of the information above:

Share Class

Sub-Fund name


Stock Exchange(s) from which the Sub-Fund is to be de-listed

Last Trading Day on Stock Exchange(s) from which the Sub-Fund is to be de-listed

Applicable Cut-off Time and Date for primary market redemption orders

New Termination Date


Xtrackers MSCI Bangladesh Swap UCITS ETF


London Stock Exchange

Singapore Exchange


10 February 2020

5.00 p.m. Luxembourg on 11 February 2020

10 March 2020



The following terms and conditions of the compulsory redemption have been determined in accordance with article 21 of the Articles of Incorporation and shall apply as of the New Termination Date:

  1. The Investment Manager will unwind part of the OTC Swap Transaction daily to ensure its orderly liquidation, from 12 February 2020 to 10 March 2020.
  2. The Sub-Fund shall be liquidated and the Redemption Price for the Sub-Fund will be determined by reference to its Net Asset Value as of the New Termination Date (the “Reference NAV”). The Reference NAV will take into account, amongst other expenses, such as Capital Gains Tax, all costs resulting from the anticipated realisation and liquidation of the remaining investments of the Sub-Fund;
  3. No Redemption Charges will be applied;
  4. The Redemption Proceeds will be paid in the relevant Reference Currency to the clearing agent;
  5. The payment of the Redemption Proceeds to the registered Shareholders and the clearing agents, resulting from the compulsory redemption, will take place at the latest 10 Luxembourg Business Days after the New Termination Date (the “Payment Date”). It should be noted that payment of the Redemption Proceeds to Shareholders who hold Shares via intermediaries may take longer than 10 Luxembourg Business Days;
  6. The Redemption Proceeds relating to Shares for which payment to Shareholders could not be made, will be deposited with the Caisse de Consignation in Luxembourg on behalf of the persons entitled thereto as soon as possible after the Payment Date and in any event before the closure of the liquidation procedure.

Shareholders who subscribe or redeem Shares in the Sub-Fund on the primary market, where applicable, are entitled to redeem their Shares in the Sub-Fund in accordance with the Prospectus as indicated above. Please note that the Company does not charge any redemption fee for the sale of Shares in the secondary market. Orders to sell Shares through a stock exchange can be placed via an authorised intermediary or stockbroker. However, Shareholders should note that orders in the secondary market may incur costs over which the Company has no control and to which the above disapplication of the Redemption Charges does not apply.

Further information in relation to the Termination may be obtained from the legal entities mentioned under Contact information below, the offices of foreign representatives or by sending an email to .

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.

All Shareholders are strongly advised to consult their tax advisor to assess: (1) the impact of the Termination and any potential tax consequences thereof; and (2) any potential changes between the current and/or future taxation of their investment under the laws of the countries of their nationality, residence, domicile or incorporation.

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

Contact information

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

Short Name: Xtrackers
Category Code: MSCM
Sequence Number: 691407
Time of Receipt (offset from UTC): 20200131T152524+0000