Xtrackers Dax Esg Screened UCITS ETF 4c Chf HedgedIndex, costs, backtest, listings and taxation

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The fund is passively managed.

INVESTMENT OBJECTIVE:The aim is for your investment to reflect the performance of the DAX ESG Screened Index (index), while seeking to minimise foreign currency fluctuations at share class level.

DESCRIPTION OF INDEX:The index is based on the DAX® Index (Parent Index), which is designed to reflect the performance of the shares of large capitalisation companies traded on the Frankfurt Stock Exchange.

Keep reading the KID section ▾

In order to be eligible for inclusion in the index, companies must be eligible for inclusion in the Parent Index and must meet certain ESG screening criteria. ESG CRITERIA: The index excludes companies from the Parent Index, which breach certain ESG screening criteria, as disclosed in the prospectus and/or supplement. The remaining securities are then weighted by their free-float adjusted market capitalisation with the weight of each component in the index capped at 15% at each quarterly rebalance. The ESG Criteria comprise the requirements as laid out in Article 12(1)(a) to (g) of the Commission Delegated Regulation (EU) 2020/1818 (PAB Exclusions).

INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The index is administered by STOXX Ltd. The index is calculated on a total return net basis, which means that all dividends and distributions by the companies are reinvested in the shares after tax. The index is reviewed and rebalanced on a quarterly basis. Should any individual company within the index reach a weight of 20% intra-quarter, the index will be re-balanced intra-quarter such that the individual company will be re-weighted to 15%.

INVESTMENT POLICY:To achieve the aim, the fund will i) attempt to replicate the index, before fees and expenses, by buying all or a substantial number of the securities in the index and ii) enter into financial contracts (derivatives) which attempt to reduce the effect of exchange rate fluctuations between the currency of the fund's assets and the currency of your shares. The fund may employ techniques and instruments in order to manage risk, reduce costs and improve results. These techniques and instruments may include the use of derivatives. The fund may also engage in secured lending of its investments to certain eligible third parties subject to certain ESG criteria to generate additional income to offset the costs of the fund. FURTHER INFORMATION: Certain information (including the latest share prices of the fund, indicative net asset values, full disclosure on the composition of the fund's portfolio and information on the index constituents) are available on your local DWS website or at www.Xtrackers.com. Transaction costs and taxes, unexpected fund costs and market conditions such as volatility or liquidity issues may affect the ability of the fund to track the index. The anticipated level of tracking error in normal market conditions is 1 per cent. The currency of the fund is EUR. Returns and gains are not distributed but are reinvested in the fund. You may request the redemption of shares generally on a daily basis.

this share class is hedged to CHF; the index the issuer places next to it in its documents is the unhedged, foreign-currency version. Subtracting one from the other does not measure replication quality: it measures the exchange rate. In a year when the currency moves 5%, “the TD” would come out near 5 points — a plausible-looking number, with decimals, and wrong.

Other sites publish that number. We would rather show one figure less than one figure wrong: the TD will return here the day we have the CHF-hedged index series, which the issuer does not publish today.

What tracking difference is and how we compute it →

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ETFs declaring the same index