Xtrackers II - iTraxx Crossover Short Daily Swap UCITS ETF is an exchange traded fund launched by Deutsche Asset & Wealth Management Investment S.A. It is managed by State Street Global Advisors Limited. The fund invests in the fixed income markets of Europe. It takes short positions and uses derivatives such as swaps to invest in on-the-run iTraxx Crossover credit derivative transaction with a term of 5 years. The fund invests in sub-investment grade securities that are rated as BB+ and below by S&P and Fitch and Ba1 and below by Moody’s. It seeks replicate inverse of the daily performance of the Markit iTraxx Crossover 5-year Short Total Return Index, by employing synthetic replication methodology. The index seeks to track the inverse of the daily performance of 5-year iTraxx Crossover credit derivative transactions. The fund was formerly known as db x-trackers II - iTraxx Crossover Short Daily UCITS ETF. Xtrackers II - iTraxx Crossover Short Daily Swap UCITS ETF was formed on November 7, 2007 and is domiciled in Luxembourg.