Xtrackers II iTraxx Crossover Short Daily Swap UCITS ETF 1C

The Xtrackers II iTraxx Crsvr Shrt Dly SpETF is a passively managed fund that seeks to mirror the performance of the Markit iTraxx® Crossover 5-year Short Total Return Index. It primarily invests in credit derivative contracts that provide protection against credit risk for at least 50 European companies with below investment grade ratings. The fund holds the most recent 5-year iTraxx® Crossover credit derivatives, and any remaining capital after securing credit exposure earns interest based on Eurozone overnight lending rates. Its performance is driven by the value of these credit derivatives, any defaults by the included companies, and the costs associated with purchasing credit protection.