Xtrackers (IE) plc1

 

Investment Company with Variable Capital

 

Registered Office: 78 Sir John Rogerson's Quay, Dublin 2, Ireland

 

Registered Number: 393802

 

(the " Company ")

 

Important Notice to Shareholders of

 

Xtrackers S&P 500 Equal Weight UCITS ETF

 

Xtrackers MSCI World Momentum UCITS ETF

 

Xtrackers MSCI World Quality UCITS ETF

 

Xtrackers USD Corporate Bond UCITS ETF2

 

(the Funds )

 

14 March 2018

 

Reference is made to the notice to shareholders dated 28 February 2018, wherein shareholders were informed of a misstatement in how the Company presented share class performance data for the 2016 performance year in the Key Investor Information Documents ( KIIDs ) for each sub-fund of the Company (the 2016 Share Class Performance Data Misstatement ).

 

Further to the 2016 Share Class Performance Data Misstatement coming to our attention, we decided it would be prudent to conduct a further review of past performance data and have discovered some additional misstatements which impact the Funds for performance year 2015. Details of these additional misstatements are set out in the Appendix to this notice.

 

The Appendix also contains details of misstatements in 2016 index performance data in relation to Xtrackers USD Corporate Bond UCITS ETF. In addition to the 2016 Share Class Performance Data Misstatement (where 'gross' share class performance figures were used in place of 'net' share class performance figures), there were inconsistencies in the date range used to calculate both share class performance and index performance for the 2016 performance year. Both share class performance and index performance were calculated based on the period 31 December 2015 to 29 December 2016 rather than 31 December 2015 to 30 December 2016. For consistency, the share class performance and index performance should have been taken up to the last official business day, which was 30 December 2016.

 

The nature of these misstatements is such that they had no impact on the calculation and publication of the net asset value of the Funds.

 

We have now corrected the Funds' KIIDs which are available at www.Xtrackers.com .

 

Please be assured that upon identification of these errors and the 2016 Share Class Performance Data Misstatement, the Company immediately implemented robust measures and enhanced controls to substantially mitigate any risk of reoccurrence.

 

Capitalised terms used in this letter shall have the meaning ascribed to them in the current Prospectus of the Company unless the context otherwise requires.

 

Further information in relation to the above may also be obtained from the legal entities mentioned under 'Contact information' below or by sending an email to Xtrackers@db.com .

 

We thank you for your continuing support of the Company.

 

Yours sincerely

 

______________________

 

Director

 

for and on behalf of

 

Xtrackers (IE) plc

 

Contact Information

 

Xtrackers (IE) plc

 

78 Sir John Rogerson's Quay

 

Dublin

 

1 Please note that the Company was named Concept Fund Solutions plc until 16 February 2018.

 

2 Please note that the Funds were renamed on 16 February 2018 as per the table below:

 
New Fund Name             Old Fund Name 
Xtrackers S&P 500 Equal   db x-trackers S&P 500 Equal 
Weight UCITS ETF          Weight UCITS ETF (DR) 
Xtrackers MSCI World      db x-trackers MSCI World Momentum 
Momentum UCITS ETF        Factor UCITS ETF (DR) 
Xtrackers MSCI World      db x-trackers MSCI World Quality 
Quality UCITS ETF         Factor UCITS ETF (DR) 
Xtrackers USD Corporate   db x-trackers US Corporate 
Bond UCITS ETF            Bond UCITS ETF (DR) 
 
 

Appendix

 

There was a misstatement in how the Company presented index past performance for either the 2016 performance year or the 2015 performance year in the KIIDs of the Funds as detailed in the table below:

 
Fund        Share Class  ISIN          Impacted     Misstated    Actual Index 
                                       Performance  Index        Performance 
                                       Year         Performance 
Xtrackers   1C           IE00BLNMYC90  2015         -5.3%        -2.8% 
S&P 
500 
Equal 
Weight 
UCITS 
ETF 
Xtrackers   1C           IE00BL25JP72  2015         5.1%         1.0% 
MSCI 
World 
Momentum 
UCITS 
ETF 
3 
Xtrackers   1C           IE00BL25JL35  2015         2.9%         -1.6% 
MSCI 
World 
Quality 
UCITS 
ETF 4 
Xtrackers   1D           IE00BZ036H21  2016         6.6%         7.0% 
USD 
Corporate 
Bond 
UCITS 
ETF 
 
 

3 The reference index of this Fund for the 2015 performance year was the DB Equity Momentum Factor Index. This Fund now tracks the MSCI World Momentum (USD) Index.

 

4 The reference index of this Fund for the 2015 performance year was the DB Equity Quality Factor Index. This Fund now tracks the MSCI World Sector Neutral Quality (USD) Index.

 
 
 

View source version on businesswire.com:http://www.businesswire.com/news/home/20180314005027/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

March 14, 2018 05:00 ET (09:00 GMT)

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