Risk Considerations

Investors should note that the Xtrackers ETFs & ETCs are not capital protected or guaranteed and investors in each Xtrackers ETF or ETC should be prepared and able to sustain losses up to the total capital invested. The value of an investment in an Xtrackers ETF or ETC may go down as well as up and past performance does not predict future returns. Investment in Xtrackers ETFs or ETCs involve risks. For a list of related risks please click on the Risks and Terms tab.

Investors to benefit from fee reductions on 20 Xtrackers ETFs

  • DWS implementing sustainable management fee cuts on 20 Xtrackers ETFs, as well as an Xtrackers silver ETC
  • Investors to benefit from more competitive products as assets under management increase
  • Fees cut on ETFs representing over EUR 10 billion in assets

Investors are set to benefit from management fee reductions on 20 Xtrackers exchange-traded funds (ETFs) following DWS’s latest round of fee cuts.

The annual all-in fee for the Xtrackers MSCI USA Swap UCITS ETF, which has over EUR 2.5 billion in assets under management[1], will be halved, moving from 0.30% to 0.15%, while fee cuts are also being implemented on a range of global sector Xtrackers ETFs, on the EUR-hedged share class of the Xtrackers MSCI World Swap UCITS ETF, on two broad commodity basket Xtrackers ETFs, on emerging markets and Asia-Pacific exposures, on the Xtrackers MSCI Europe Value UCITS ETF, and also on an Xtrackers physical silver exchange-traded commodity (ETC) – see table below for full product list.

“We aim to make Xtrackers ETFs and ETCs as competitive as possible, looking at all times to take advantage of economies of scale so we can provide our investors with highly efficient index trackers,” said Simon Klein, DWS’s Global Head of Passive Sales. “These are not short term fee cuts. They will be sustained.”

The fee cuts are effective from this Wednesday, 2nd December, 2020.

DWS has a track record of lowering fees as the exchange-traded product industry has increased in scale. The last major round of Xtrackers fee cuts took place in October 2018, when annual all-in fees were reduced on a number of fixed income and European equity Xtrackers.

The Xtrackers that have seen their prices fall in this latest round of management fee cuts represent combined assets under management of more than EUR 10 billion[1].

Xtrackers ETF share class Old Annual All-in Fee New Annual All-in Fee
MSCI World Consumer Discretionary UCITS ETF 1C 0.30% 0.25%
MSCI World Industrials UCITS ETF 1C 0.30% 0.25%
MSCI World Energy UCITS ETF 1C 0.30% 0.25%
MSCI World Communication Services UCITS ETF 1C 0.30% 0.25%
MSCI World Utilities UCITS ETF 1C 0.30% 0.25%
MSCI World Financials UCITS ETF 1C 0.30% 0.25%
MSCI World Consumer Staples UCITS ETF 1C 0.30% 0.25%
MSCI World Health Care UCITS ETF 1C 0.30% 0.25%
MSCI World Information Technology UCITS ETF 1C 0.30% 0.25%
MSCI World Materials UCITS ETF 1C 0.30% 0.25%
MSCI Emerging Markets UCITS ETF 1C Core 0.20% 0.18%
MSCI AC World ESG Screened UCITS ETF 1C ESG Screened 0.40% 0.25%
MSCI USA Swap UCITS ETF 1C 0.30% 0.15%
MSCI World Swap UCITS ETF 4C EUR Hedged 0.52% 0.39%
MSCI Japan UCITS ETF 1C 0.30% 0.20%
MSCI Pacific ex Japan ESG Screened UCITS ETF 1C ESG Screened 0.45% 0.25%
ShortNameSCIcon 0.45% 0.25%
MSCI Europe Value UCITS ETF 1C Strategic beta/factors 0.25% 0.15%
Bloomberg Commodity Swap UCITS ETF 2C EUR Hedged 0.95% 0.24%
Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C 0.55% 0.29%
MSCI UK ESG UCITS ETF 1D ESG [2] 0.20% 0.18%
Irish domiciled ETC
Xtrackers IE Physical Silver ETC Securities 0.38% 0.20%

DWS Group

DWS Group (DWS) is one of the world's leading asset managers with EUR 745bn of assets under management (as of 30 June 2020). 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 disciplines.

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 investment approach strategically.

DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.

Key risks

Investors should note that the Xtrackers UCITS ETFs are not capital protected or guaranteed and investors should be prepared and able to sustain losses of the capital invested up to a total loss.

Shares in the Xtrackers UCITS ETFs which are purchased on the secondary market cannot usually be sold directly back to the relevant fund. Investors must purchase and redeem such shares on the secondary market with the assistance of an intermediary (e.g. a market maker or a stock broker) and may incur fees for doing so (as further described in the applicable prospectus). In addition, investors may pay more than the current net asset value of a share in a Xtrackers UCITS ETF when buying shares on the secondary market, and may receive less than the current net asset value when selling such shares on the secondary market.

Investments in funds involve numerous risks including, among others, general market risks, credit risks, foreign exchange risks, interest rate risks and liquidity risks. The value of an investment in a Xtrackers UCITS ETF may go down as well as up and investors may not get back the full amount of their original investment.

Important Notice

This press release has been issued in the UK and approved by DWS Investments UK Limited. DWS Investments UK Limited is authorised and regulated by the Financial Conduct Authority.

Any reference to “DWS” shall, unless otherwise required by the context, be understood as a reference to DWS Investments UK Limited including any of its parent companies, any of its or its parents affiliates or subsidiaries and, as the case may be, any investment companies promoted or managed by any of those entities.

Past performance is not a guide for future returns.

Xtrackers UCITS ETFs are all ETFs of one of the following platforms: Xtrackers, Xtrackers II or Xtrackers (IE) plc.

Xtrackers, Xtrackers II and Xtrackers (IE) plc are undertakings for collective investment in transferable securities (UCITS) in accordance with the applicable laws and regulations and set up as open-ended investment companies with variable capital and segregated liability between their respective compartments.

Xtrackers and Xtrackers II are incorporated in the Grand Duchy of Luxembourg, are registered with the Luxembourg Trade and Companies’ Register under number B-119.899 (Xtrackers) and B-124.284 (Xtrackers II) respectively and have their registered office at 49, avenue J.F. Kennedy, L-1855 Luxembourg. Xtrackers (IE) plc is incorporated in Ireland with registered number 393802 and has its registered office at 78 Sir John Rogerson’s Quay, Dublin 2, Ireland.

DWS Investment S.A. acts as the management company of Xtrackers, Xtrackers II and Xtrackers (IE) plc.

The information contained in this document is provided for information purposes only. Any investment decision in relation to an Xtrackers ETF should be based solely on the latest version of the prospectus, the audited annual and, if more recent, un-audited semi-annual reports and the Key Investor Information Document (KIID), all of which are available in English upon request or on www.Xtrackers.com. In the case of any inconsistency with the prospectus, the latest version of the prospectus shall prevail.

© DWS Investments UK Limited 2020.

1. Source, DWS, 16 November 2020

2. Note that this ETF will be renamed and restructured on 9 December 2020. The Fund, which currently tracks the FTSE All-Share TR Index, will track the MSCI UK IMI Low Carbon SRI Leaders Select Index and will be renamed to Xtrackers MSCI UK ESG UCITS ETF. Further information is available on the product page


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