DWS Group to Close and Liquidate Two ETFs

DWS Group today announced plans to close and liquidate two Xtrackers exchange-traded funds (ETFs) – Xtrackers Germany Equity ETF (Cboe: GRMY) and Xtrackers MSCI United Kingdom Hedged Equity ETF (NYSE Arca: DBUK).

DWS plans to close and liquidate these funds following a regular and ongoing process to review and evolve the Xtrackers product lineup to ensure the business continues to meet clients’ needs. The last day of trading is expected to be April 30, 2019. Creations will be accepted until that time. Proceeds of the liquidations are scheduled to be sent to shareholders on or about May 10, 2019.

When each ETF commences liquidation of its portfolio securities, each ETF may hold cash and securities that may not be consistent with the ETF’s investment objective and strategy. During this period, each ETF is likely to incur higher tracking error than is typical for the ETF.

Shareholders may sell their holdings of an ETF on the applicable stock exchange until the market close on April 30, 2019, and may incur typical transaction fees from their broker-dealer. At the time the liquidation of the ETFs is complete, shares of the ETFs will be individually redeemed. For investors that still hold shares as of May 10, 2019, each ETF will automatically redeem its shares for cash at the ETF’s current net asset value as of close of business on that date. Shareholders generally will recognize a capital gain or loss on the redemptions. The ETFs may or may not, depending upon each ETFs circumstances, pay one or more dividends or other distributions prior to or along with the redemption payments.

For more information about DWS’s ETFs available in the US, visit: www.Xtrackers.com.

DWS Group

DWS Group (DWS) is one of the world's leading asset managers with USD 757.9 billion of assets under management (as of 31 December 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.