LONDON--(BUSINESS WIRE)--
Xtrackers II
Investment Company with Variable Capital
Registered office: 49, avenue J.F. Kennedy, L-1855 Luxembourg,
R.C.S. Luxembourg No. B-124.284
(the “Company”)
Important Notice to Shareholders of the Company
17 November 2023
The Board of Directors of the Company (the “Board”) hereby informs the shareholders of the Company (the “Shareholders”) that it has resolved to make certain changes to the prospectus of the Company (the “Prospectus”), as detailed below (collectively referred to as the “Changes”). The Changes will be effective as of 1 December 2023 (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”) unless the context otherwise requires.
A) Change of NAV Date and Valuation Day definition
A NAV Date is the day as of which the assets and liabilities of a Sub-Fund are valued in accordance with the section "Determination of the Net Asset Value" of the Prospectus while a Valuation Day is the day on which the Net Asset Value in respect of a Sub-Fund is calculated and published.
The Prospectus currently provides that (i) NAV Date means (unless otherwise provided in the Product Annex) a day which is a Business Day and that (ii) Valuation Day means (unless otherwise provided in the Product Annex) the first Business Day following a NAV Date.
The Prospectus definitions will be amended so that
- NAV Date means (unless otherwise defined in the Product Annex) a day other than a Saturday and a Sunday, 1 January, 2 January (if 1 January falls on a Sunday), 3 January (if 1 January falls on a Saturday), Good Friday, Easter Monday, 25 December, 26 December, 27 December (if 25 December falls on a Saturday or a Sunday) and 28 December (if 25 December falls on a Friday or a Saturday); and
- Valuation Day means (unless otherwise defined in the Product Annex) the first day (other than a Saturday and a Sunday, 1 January, 2 January (if 1 January falls on a Sunday), 3 January (if 1 January falls on a Saturday), Good Friday, Easter Monday, 25 December, 26 December, 27 December (if 25 December falls on a Saturday or a Sunday) and 28 December (if 25 December falls on a Friday or a Saturday)) following a NAV Date.
B) Inclusion of settlement day definition
The Prospectus currently does not include a definition for settlement day.
The Prospectus will be updated to include a definition for Settlement Day, which will mean the day on which the subscription proceeds or Redemption Proceeds are paid. A Settlement Day will be any day other than a Saturday and a Sunday, 1 January, Good Friday, Easter Monday, 25 December, and 26 December.
Further information on settlement days can be found in the "Subscription and Redemption of Shares: the Primary Market" section of the Prospectus as well as the relevant Product Annex.
C) Changes to the Xtrackers II Harvest China Government Bond UCITS ETF Sub-Fund Product Annex
The Product Annex of the Sub-Fund Xtrackers II Harvest China Government Bond UCITS ETF will be updated to reflect the new NAV Date and Valuation Day definitions as stated above, provided that these are also: (i) days upon which commercial banks are open and settle payments in New York City and Hong Kong; and (ii) days for which the Reference Index is calculated.
The Settlement Period definition in the Product Annex of Xtrackers II Harvest China Government Bond UCITS ETF will also be amended to mean up to five Settlement Days following the Transaction Day, excluding Settlement Days which: (i) are not days upon which commercial banks are open and settle payments in New York City and Hong Kong; and (ii) are not days for which the Reference Index is calculated.
The Board deems it appropriate to implement the Changes to create operational efficiencies.
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.
This notice is for information purposes only. Shareholders are not required to take any action. If you have any queries or if any of the above is not clear you should seek advice from your 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 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.
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