NEW YORK–(BUSINESS WIRE)–DWS Group today announced plans to close and liquidate two Xtrackers
exchange-traded funds (ETFs) – Xtrackers Germany Equity ETF (Cboe: GRMY)
and Xtrackers MSCI United Kingdom Hedged Equity ETF (NYSE Arca: DBUK).
DWS plans to close and liquidate these funds following a regular and
ongoing process to review and evolve the Xtrackers product lineup to
ensure the business continues to meet clients’ needs. The last day of
trading is expected to be April 30, 2019. Creations will be accepted
until that time. Proceeds of the liquidations are scheduled to be sent
to shareholders on or about May 10, 2019.
When each ETF commences liquidation of its portfolio securities, each
ETF may hold cash and securities that may not be consistent with the
ETF’s investment objective and strategy. During this period, each ETF is
likely to incur higher tracking error than is typical for the ETF.
Shareholders may sell their holdings of an ETF on the applicable stock
exchange until the market close on April 30, 2019, and may incur typical
transaction fees from their broker-dealer. At the time the liquidation
of the ETFs is complete, shares of the ETFs will be individually
redeemed. For investors that still hold shares as of May 10, 2019, each
ETF will automatically redeem its shares for cash at the ETF’s current
net asset value as of close of business on that date. Shareholders
generally will recognize a capital gain or loss on the redemptions. The
ETFs may or may not, depending upon each ETFs circumstances, pay one or
more dividends or other distributions prior to or along with the
For more information about DWS’s ETFs available in the US, visit: www.Xtrackers.com.
DWS Group (DWS) is one of the world’s leading asset managers with USD
757.9 billion of assets under management (as of 31 December 2018).
Building on more than 60 years of experience and a reputation for
excellence in Germany and across Europe, DWS has come to be recognized
by clients globally as a trusted source for integrated investment
solutions, stability and innovation across a full spectrum of investment
We offer individuals and institutions access to our strong investment
capabilities across all major asset classes and solutions aligned to
growth trends. Our diverse expertise in Active, Passive and Alternatives
asset management – as well as our deep environmental, social and
governance focus – 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, which guides our
strategic investment approach.
DWS wants to innovate and shape the future of investing: with
approximately 3,600 employees in offices all over the world, we are
local while being one global team.
ETF shares are not individually redeemable, and owners of shares may
acquire those shares from the Fund, or tender such shares for the
redemption to the Fund, in Creation Units only.
Consider each Fund’s investment objectives, risk factors, and charges
and expenses before investing. This and other important information can
be found in the Funds’ prospectus, which may be obtained by calling
1-855-DBX-ETFS (1-855-329-3837) or by viewing or downloading a
prospectus at www.Xtrackers.com.
Please read it carefully before investing.
Xtrackers ETFs 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
RISKS: Investing involves risk, including possible loss of principal.
Stocks may decline in value. Bond investments are subject to
interest-rate, credit, liquidity and market risks to varying degrees.
When interest rates rise, bond prices generally fall. Foreign investing
involves greater and different risks than investing in US 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. 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.
There are additional risks associated with investing in high-yield
bonds, aggressive growth stocks, non-diversified/concentrated funds and
small- and mid-cap stocks which are more fully explained in the
prospectuses, as applicable. 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.
No bank guarantee | Not FDIC insured | May lose value
© 2019 DWS Group GmbH & Co. KGaA. All rights reserved. DBX003883
Phone: +1 (212) 250-0072