Xtrackers MSCI Europe Industrials ESG Screened UCITS ETF 1C (DXSL.DE) is a Luxembourg-domiciled, exchange-traded fund that seeks to replicate the performance of the MSCI Europe Industrials ESG Screened 20/35 Index, focusing on large- and mid-cap companies in the European industrials sector filtered for environmental, social, and governance (ESG) criteria. The ETF employs full physical replication, accumulating dividends without distribution, and maintains a total expense ratio of 0.17% with assets under management of approximately EUR 35 million; it trades primarily on Xetra in euros while unhedged against currency risk. Launched on July 3, 2007, the fund is managed by DWS Investment S.A., a subsidiary of the DWS Group headquartered in Frankfurt am Main, Germany, which originated ETF operations in 2007 under the Xtrackers brand.
The ETF provides targeted exposure to the European industrials segment, including capital goods, transportation, and commercial/industrial services subsectors, comprising around 85% non-UK stocks and 14% UK stocks across developed European markets. It screens constituents to exclude companies involved in controversial weapons, civilian firearms, tobacco, nuclear weapons, and those failing UN Global Compact principles, while capping exposure to sectors like fossil fuels and vice industries at 20% or 35% thresholds.
In recent developments, the fund underwent an index reference name change in early 2025, removing the "ESG Screened" label from the MSCI Europe Industrials Screened 20/35 Index as part of a broader Xtrackers ESG ETF renaming initiative announced by DWS. This followed a 2021 conversion program that shifted the ETF to its current ESG-screened MSCI index from prior STOXX Europe 600 benchmarks and reduced fees from 0.30% to 0.20%. Xtrackers, under DWS, has expanded strategically with partnerships like the August 2025 listing of six ETFs on Nasdaq Stockholm via Levler for Swedish investors, alongside new launches including small-cap ESG ETFs in September 2025 and a Europe Defence Technologies ETF with STOXX in late 2025.