DWS Announces Product Updates to Six U.S.-Listed ETFs
NEW YORK, NY – February 26, 2024 – DWS, one of the world's leading asset managers, announced its plans to close the following six U.S.-listed exchange traded funds (ETFs) (the “Funds”) effective March 13, 2024, and to liquidate the Funds effective March 22, 2024:
| Ticker | Fund Name | Exchange |
|---|---|---|
| TickerASHX | Fund NameXtrackers MSCI China A Inclusion Equity ETF | ExchangeNYSE Arca |
| TickerCN | Fund NameXtrackers MSCI All China Equity ETF | ExchangeNYSE Arca |
| TickerDBGR | Fund NameXtrackers MSCI Germany Hedged Equity ETF | ExchangeNYSE Arca |
| TickerESCR | Fund NameXtrackers Bloomberg US Investment Grade Corporate ESG ETF | ExchangeCboe BZX Exchange |
| TickerESEB | Fund NameXtrackers J.P. Morgan ESG Emerging Markets Sovereign ETF | ExchangeCboe BZX Exchange |
| TickerESHY | Fund NameXtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF | ExchangeCboe BZX Exchange |
After the close of business on March 13, 2024, the liquidating Funds will no longer accept creation orders and the final day of trading on the exchanges will be March 13, 2024. Proceeds of the liquidations are currently scheduled to be sent to shareholders on or about March 22, 2024.
When each liquidating Fund commences liquidation of its portfolio securities, the liquidating Fund may hold cash and securities that may not be consistent with the liquidating Fund’s investment objective and strategy. During this period, each liquidating Fund is likely to incur higher tracking error than is typical for the liquidating Fund. Furthermore, during the time between market open on March 14, 2024, and March 22, 2024, because shares will not be traded on the exchanges, DWS cannot assure investors that there will be a market for their shares.
Shareholders may sell their holdings of a liquidating Fund on the relevant exchange until market close on March 13, 2024, and may incur typical transaction fees from their broker-dealer. If a shareholder still holds shares on March 22, 2024, each liquidating 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 liquidating Funds may or may not, depending upon each liquidating Fund’s circumstances, pay one or more dividends or other distributions prior to or along with the redemption payments. Investors should consult their personal tax advisor about the potential tax consequences.