DWS Investment S.A. is subject to, and complies with, all laws and regulations including the Luxembourg law of 17 December 2010 relating to undertakings for collective investment (the “2010 Law”) and CSSF Regulation No 10-4 implementing Commission Directive 2010/43/EU, each as may be amended from time to time. DWS Investment S.A. is responsible for ensuring that each of the funds for which it acts as management company is UCITS IV compliant.
In particular, these laws require DWS Investment S.A. to have in place the following:
In addition, DWS Investment S.A. has ensured and consistently monitors, through a process of due diligence, that all service providers described in the Prospectus meet these requirements to the extent required by the above laws and regulations.
DWS Investment S.A. is regulated in Luxembourg by the CSSF in the conduct of investment management activities. Pursuant to Article 102(1)(e) of the 2010 Law, the head office of DWS Investment S.A. is located in Luxembourg at 2, Boulevard Konrad Adenauer, L-1115 Luxembourg, Grand-Duchy of Luxembourg.
DWS Investment S.A. keeps a detailed record of its internal organisation including the allocation of tasks and hierarchy structure. DWS Investment S.A. also has detailed agreements with its service providers which outline the delegated tasks and the procedure for the monitoring of, and exchange of information with, each service provider.
Electronic Data Processing
DWS Investment S.A. utilises electronic systems and procedures which fully safeguard the security, integrity and confidentiality of information held by DWS Investment S.A.. Data processing is performed by a specialist service provider under the supervision of DWS Investment S.A..
Accounting Procedures
The accounting function is delegated to the administrative agent described in the Prospectus, subject to the ongoing supervision of DWS Investment S.A.. DWS Investment S.A. is at all times able to identify every asset and liability of every fund and deliver financial reports in a timely manner which reflect a true and fair view of their financial positions and which comply with all applicable accounting standards and rules.
Compliance and Internal Audit
DWS Investment S.A. meets, directly or through its service providers, all compliance and internal audit responsibilities under the relevant laws. In particular, DWS Investment S.A. employees are subject to a range of DWS Investment S.A.-specific and Deutsche Bank Group wide policies.
Personal Transactions
All employees of DWS Investment S.A. are subject to strict policy restrictions when entering into personal transactions. In particular, the interests of investors in the funds are prioritised at all times.
The potential conflicts of interest arising in the course of DWS Investment S.A.’s business are set out in the ‘Risk Factors’ section of the Prospectus. DWS Investment S.A. is subject to a robust internal policy which outlines a series of measures designed to manage these conflicts of interest.
DWS Investment S.A. uses various risk management tools that are tailored to manage the specific risk profile of each of the funds. Some risk management tools are applied at the development stage of the fund, prior to the fund being launched and distributed. DWS Investment S.A. uses a comprehensive range of quantitative tools and metrics for monitoring and managing risks. As a matter of policy, DWS Investment S.A. continually assesses the appropriateness and the reliability of its quantitative tools and metrics in the light of its changing risk environment. Some of these tools are common to a number of risk categories, while others are tailored to the particular features of specific risk categories. DWS Investment S.A. has delegated, under its own supervision and responsibility, and at its own expense, the risk management and supervision of investment management to the relevant investment manager and fund administrator/custodian named in the Prospectus. The risk control information is reported to DWS Investment S.A. by these service providers. In addition, each service provider delivers an activity report to the Board of Directors and DWS Investment S.A. in preparation for each Board meeting, containing internal control and risk management information. The risk controls of the service providers are independent from DWS Investment S.A..
The process for making a complaint to DWS Investment S.A. is contained in a document that can be obtained, free of charge, on request from DWS Investment S.A..
DWS Investment S.A.’s policy on the exercise of voting rights is available, free of charge, on request from DWS Investment S.A..
For the avoidance of doubt, the Board of Directors of the funds remain responsible for exercising the voting rights attached to the instruments held in the funds’ portfolio of assets. Further information may be obtained at the registered office of the relevant fund.
DWS Investment S.A. always acts in the best interests of the funds it manages when executing decisions to deal or placing orders with third parties for execution.
DWS Investment S.A. is subject to a best execution policy. Conformity with this policy is monitored on a regular basis and the policy itself is reviewed both annually and whenever a material change occurs. The policy can be obtained from DWS Investment S.A. on request free of charge.
DWS Investment S.A. does not currently intend to give or receive soft dollar or cash commissions or other rebates to or from brokers or dealers in respect of transactions for the accounts of the funds.
Details of soft commission arrangements will be set out in the annual and semi-annual reports of the relevant fund.
The Board of Directors of the funds remains ultimately responsible vis-a-vis investors for the performance of the tasks and duties delegated to its service providers. The relevant procedures are set out in internal documents of DWS Investment S.A., which have been filed with the CSSF. The contents of these documents are not disclosed to investors in the funds.
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IMPORTANT INFORMATION FOR SINGAPORE INVESTORS
This advertisement has not been reviewed by the Monetary Authority of Singapore.
The information contained in this website is issued in Singapore by DWS Investments Singapore Limited. For Singapore regulatory purposes, “Xtrackers is the responsible person for the Xtrackers ETFs. Xtrackers II is the responsible person for Xtrackers II ETFs (each Xtrackers and Xtrackers II shall hereinafter be referred to as the “Company”).” We may record telephone calls made to our office for our mutual protection and to improve customer service.
The information contained in this website is intended for your general information only and must not be construed as an offer or solicitation of an offer to buy or sell any securities or shares in any of our ETFs or a recommendation to invest in any of our products and neither does it take into account any investor's particular circumstances or have regard to your specific investment objectives, financial situation and any of your particular needs. You may wish to seek advice from a financial adviser before making a commitment to purchase any ETF. In the event that you choose not to seek advice from a financial adviser, you should consider whether the ETF in question is suitable for you.
The information in this website is obtained and / or compiled from sources believed to be reliable and current. However, DWS Investments Singapore Limited, any of its parents or any of its or its parents’ subsidiaries or affiliates (together referred to as DWS) cannot and does not warrant, guarantee or represent, either expressly or impliedly, the accuracy, validity or completeness of such information. DWS or any directors or employees or representatives of DWS shall not be liable for (whether in tort or contract or otherwise) any damages arising from any person's reliance on this information and shall not be liable for any errors or omissions (including but not limited to errors or omissions made by third party sources) in this information. The information in this website should not be regarded as a substitute for the exercise of your own judgment. Any information and views provided herein is subject to change without further notice. None of the material, nor its content, nor any copy of it, maybe altered in any way, transmitted to, copied or distributed to any other party, without prior express written permission of DWS.
The information contained in this website does not create any legally binding obligations on the part of DWS.
You should refer to the latest version of the Singapore prospectus issued by the Company (“Singapore Prospectus”) for details before deciding whether to invest in shares of the relevant ETF. Copies of the Singapore Prospectus are available on the website www.etf.dws.com and may also be obtained from the Singapore Representative (DWS Investments Singapore Limited).
Investment in the ETFs involves risks, including the possible loss of the principal amount invested. The value of the shares and the income from the ETFs may fall as well as rise. Past performance of DWS, any ETF and/or any other person referred to in this website and any opinions, forecasts, assumptions, estimates made are not necessarily indicative of future or likely performance of DWS, any ETF and/or any other person referred to in this website. You should note further that information and performance of the respective indices should not be used or construed as the information or a proxy, prediction, forecast or projection of the performance or future performance of any ETF. An investment in any ETF with a high risk grading as further described in the Singapore Prospectus is only suitable for investors who are able and willing to take such risk. The listing of the shares in any ETF does not guarantee a liquid market for the shares. You may only redeem shares in the relevant ETF with the Company under certain specified conditions as described in the Singapore Prospectus.
The ETFs may enter in over-the-counter derivative transactions such as swap(s) which will expose the relevant ETF to the credit risk of the counterparties to such transactions. The swap(s) may be adjusted to reflect certain transaction costs, which may affect the NAV of an ETF. The NAV of the relevant ETF may have a high volatility due to its investment objectives, policies or portfolio management techniques. Please refer to the Singapore Prospectus for more details. The list of approved swap counterparties to each indirect replication fund is available on the website www.etf.dws.com. Where Deutsche Bank AG is a swap counterparty, this may give rise to potential conflicts of interest. The approved swap counterparties to each indirect replication fund may vary from time to time. For information on the credit ratings of the approved swap counterparties for indirect replication funds, you can contact the Singapore Representative at telephone number +65 6538 5550.
