Xtrackers by DWS, one of the world's largest and most
established providers of exchange traded funds, announced plans to
close Xtrackers MSCI All World ex US High Dividend Yield Equity ETF
(HDAW), a U.S.-listed exchange traded fund (ETF) (the “Fund”)
effective July 22, 2024, and to liquidate the Fund effective August
1, 2024. The Fund currently trades on the NYSE Arca Exchange (the
“Exchange”).
After the close of business on July 22, 2024, the Fund will no
longer accept creation orders and trading will cease. Proceeds of
the liquidation are currently scheduled to be sent to shareholders
on or about August 1, 2024.
When the Fund commences liquidation of its portfolio securities,
it may hold cash and securities that may not be consistent with its
investment objective and strategy. During this period, the Fund is
likely to incur a higher tracking error than is typical for the
Fund. Furthermore, during the time between market open on July 23,
2024, and market close on August 1, 2024, because shares will not
be traded on the Exchange, DWS cannot assure investors that there
will be a market for their shares.
Shareholders may sell their holdings of the Fund on the Exchange
until the market close on July 22, 2024, and may incur typical
transaction fees from their broker-dealer. If a shareholder still
holds shares on August 1, 2024, the Fund will automatically redeem
those shares for cash at the current net asset value as of the
close of business on that date. Shareholders generally will
recognize a capital gain or loss on the redemptions. The Fund may
or may not pay one or more dividends or other distributions prior
to or along with the redemption payments. Investors should consult
with their personal tax advisor about the potential tax
consequences.
Note to Editors: Xtrackers’ Global Business
Globally, Xtrackers by DWS is a large and established provider
of high-quality exchange traded funds (ETFs) and exchange traded
commodities (ETCs). Providing efficient “passive” exposure to
diversified indices or to single commodities, Xtrackers ETFs and
ETCs provide a comprehensive set of dependable investment tools for
effective portfolio allocation.
Xtrackers are listed on seven stock exchanges globally and have
approximately $273 billion in assets under management as of
December 31, 2023, making Xtrackers one of the largest providers of
ETFs and ETCs by AUM.
About DWS Group
DWS Group (DWS) with EUR 941bn of assets under management (as of
31 March 2024) aspires to be one of the world's leading asset
managers. Building on more than 60 years of experience, it has a
reputation for excellence in Germany, Europe, the Americas, and
Asia. DWS is recognized by clients globally as a trusted source for
integrated investment solutions, stability, and innovation across a
full spectrum of investment disciplines.
We offer individuals and institutions access to our strong
investment capabilities across all major liquid and illiquid asset
classes as well as solutions aligned to growth trends. Our diverse
expertise in Active, Passive and Alternatives asset management
complement each other when creating targeted solutions for our
clients. Our expertise and on-the-ground knowledge of our
economists, research analysts and investment professionals are
brought together in one consistent global CIO View, giving
strategic guidance to our investment approach.
DWS wants to innovate and shape the future of investing. We
understand that, both as a corporate as well as a trusted advisor
to our clients, we have a crucial role in helping navigate the
transition to a more sustainable future. With approximately 4,600
employees in offices all over the world, we are local while being
one global team. We are committed to acting on behalf of our
clients and investing with their best interests at heart so that
they can reach their financial goals, no matter what the future
holds. With our entrepreneurial, collaborative spirit, we work
every day to deliver outstanding investment results, in both good
and challenging times, to build the best foundation for our
clients’ financial future.
IMPORTANT INFORMATION
ETF shares are not individually redeemable, and owners of shares
may acquire those shares from the Fund or tender such shares for
redemption to the Fund in Creation Units only.
Consider the Fund’s investment objective, risk factors and
charges and expenses before investing. This and other important
information can be found in the Fund’s prospectus, which may be
obtained by calling 1-844-851-4255 or by viewing or downloading a
prospectus at www.Xtrackers.com. Please read it
carefully before investing.
The brand Xtrackers represents all systematic investment
solutions. ETFs in the U.S. are managed by DBX Advisors LLC (the
Advisor) and distributed by ALPS Distributors, Inc. (ALPS). The
Advisor is a wholly owned subsidiary of DWS Group GmbH & Co.
KGaA and is not affiliated with ALPS.
Past performance is no guarantee of future results.
Fund risks: Investing involves risk, including possible loss of
principle. Stocks may decline in value. Foreign investing involves
greater and different risks than investing in U.S. companies,
including currency fluctuations, less liquidity, less developed or
less efficient trading markets, lack of comprehensive company
information, political instability and differing auditing and legal
standards. Emerging markets tend to be more volatile and less
liquid than the markets of more mature economies, and generally
have less diverse and less mature economic structures and less
stable political systems than those of developed countries. Funds
investing in a single industry, country or in a limited geographic
region generally are more volatile than more diversified funds.
Dividends are not guaranteed. If the dividend-paying stocks held by
the fund reduce or stop paying dividends, the fund’s ability to
generate income may be adversely affected. Performance of a fund
may diverge from that of an Underlying Index due to operating
expenses, transaction costs, cash flows, use of sampling strategies
or operational inefficiencies. An investment in any fund should be
considered only as a supplement to a complete investment program
for those investors willing to accept the risks associated with
that fund. Please read the prospectus for more information.
War, terrorism, sanctions, economic uncertainty, trade disputes,
public health crises and related geopolitical events have led, and,
in the future, may lead to significant disruptions in U.S. and
world economies and markets, which may lead to increased market
volatility and may have significant adverse effects on the Fund and
its investments.
Certain statements contained in this release may be
forward-looking in nature. These include all statements relating to
plans, expectations, and other statements that are not historical
facts and typically use words like “expect,” “anticipate,”
“believe,” “intend,” and similar expressions. Such statements
represent management’s current beliefs, based upon information
available at the time the statements are made, with regard to the
matters addressed. All forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in, or implied by, such statements.
Management does not undertake any obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events, or otherwise. The following factors,
among others, could cause actual results to differ materially from
forward-looking statements: (i) the effects of adverse changes in
market and economic conditions; (ii) legal and regulatory
developments; and (iii) other additional risks and uncertainties,
including public health crises, war, terrorism, trade disputes and
related geopolitical events.
NOT FDIC / NCUA INSURED • MAY LOSE VALUE • NO BANK
GUARANTEE
The brand DWS represents DWS Group GmbH & Co. KGaA and any
of its subsidiaries such as DWS Distributors, Inc., which offers
investment products, or DBX Advisors LLC, DWS Investment Management
Americas, Inc. and RREEF America L.L.C., which offer advisory
services.
R-101764-1 (6/25) DBX006090 (6/25)
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version on businesswire.com: https://www.businesswire.com/news/home/20240705171789/en/
Kenny Juarez +1 (212) 454-9994 kenny.juarez@dws.com
Brendan Moffitt +1 (212) 454-0013
brendan.moffitt@dws.com