DWS has reduced the annual all-in fee on two more share classes of its Xtrackers ETFs. The annual all-in fee (total expense ratio or TER) for the unhedged share class of Xtrackers II USD Emerging Markets Bond UCITS ETF (2D share class) has been reduced to 0.25% from 0.35%, while the TER for Xtrackers MSCI Europe UCITS ETF (1D share class) has fallen to 0.12% from 0.25%.
The latest fee reductions follow a September decrease in the total expense ratio on four share classes of Xtrackers MSCI EMU UCITS ETF, with currency-hedged share classes falling from 0.25% per annum to 0.17%, while the annual fee on the unhedged share class fell from 0.15% to 0.12%. Also in September, the total expense ratio on the GBP-hedged share class of Xtrackers S&P 500 UCITS ETF was lowered to 0.09%, having previously been 0.20%.
Since the start of 2018 fees have been reduced on a number of Xtrackers ETFs (see table).
“We are happy to pass on the benefits of economies of scale to our investors as our ETF volumes increase, and as always our aim is to make Xtrackers some of the most competitive ETFs on the market,” says Simon Klein, DWS’s Head of Passive Sales for Europe and Asia Pacific.
The Xtrackers ETFs that have had their fees reduced this year represent a combined EUR 3.9 billion in assets and have benefited from approximately EUR 970 million in net new assets invested over the last 12 months.
For further information please contact:
Phone: +44 (0) 7989726985
Xtrackers ETFs fee reductions implemented this year
|Xtrackers ETF Share Class Name||Old TER (%)||New TER (%)||Fee Change Date|
|Xtrackers II Global Aggregate Bond Swap UCITS ETF 2C – USD hedged||0.3||0.2||01/01/2018|
|Xtrackers II Global Aggregate Bond Swap UCITS ETF 1D||0.3||0.15||01/01/2018|
|Xtrackers II Global Aggregate Bond Swap UCITS ETF 3D – GBP hedged||0.3||0.2||01/01/2018|
|Xtrackers II Global Aggregate Bond Swap UCITS ETF 4C – CHF Hedged||0.3||0.2||01/01/2018|
|Xtrackers II Global Aggregate Bond Swap UCITS ETF 5C – EUR Hedged||0.3||0.2||01/01/2018|
|Xtrackers II US Treasuries UCITS ETF 2D – EUR Hedged||0.2||0.17||01/04/2018|
|Xtrackers II US Treasuries UCITS ETF 1D||0.15||0.12||01/04/2018|
|Xtrackers II US Treasuries 1-3 UCITS ETF 1D||0.15||0.12||01/04/2018|
|Xtrackers II US Treasuries Inflation-Linked UCITS ETF 1D||0.2||0.12||01/04/2018|
|Xtrackers II ESG EUR Corporate Bond UCITS ETF 1D||0.25||0.16||01/07/2018|
|Xtrackers MSCI EMU UCITS ETF 1D||0.15||0.12||01/09/2018|
|Xtrackers S&P 500 UCITS ETF 2C – GBP Hedged||0.2||0.09||01/09/2018|
|Xtrackers MSCI EMU UCITS ETF 1C – USD Hedged||0.25||0.17||01/09/2018|
|Xtrackers MSCI EMU UCITS ETF 2C – GBP Hedged||0.25||0.17||01/09/2018|
|Xtrackers MSCI EMU UCITS ETF 3C – CHF Hedged||0.25||0.17||01/09/2018|
|Xtrackers MSCI Europe UCITS ETF 1D||0.25||0.12||01/10/2018|
|Xtrackers II USD Emerging Markets Bond UCITS ETF 2D||0.35||0.25||01/10/2018|
DWS Group GmbH & Co. KGaA (DWS) is one of the world's leading asset managers with EUR687bn of assets under management (as of 30 June 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 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 strategic investment approach.
DWS wants to innovate and shape the future of investing: with staff from 35 nationalities, speaking more than 75 languages rooted in 22 countries, we are local while being one global team.
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.
This press release has been issued in the UK and approved by Deutsche Asset Management (UK) Limited, a 100% subsidiary of DWS. Deutsche Asset Management (UK) Limited is authorised and regulated by the Financial Conduct Authority.
Any reference to “DWS”, “Deutsche Asset Management” or “Deutsche AM” shall, unless otherwise required by the context, be understood as a reference to Deutsche Asset Management (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.
Deutsche Asset Management 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.
© Deutsche Asset Management (UK) Limited 2018.