Xtrackers II iTraxx Crossover Short Daily Swap UCITS ETF 1C is an exchange-traded fund designed to provide inverse daily exposure to the iTraxx Crossover 5 Year index through a synthetic swap-based replication method. This UCITS-compliant ETF tracks the Markit iTraxx Crossover 5-year Short Total Return Index, which reflects the short performance of credit default swaps on European sub-investment grade corporate issuers, typically comprising up to 50 high-yield entities with below investment grade credit ratings. Its primary purpose is to enable investors to hedge against or benefit from tightening credit spreads in the European high-yield credit market segment. The fund employs an unfunded swap structure within a fixed income portfolio, capitalizing dividends and maintaining a very short-term investment horizon suitable for tactical strategies. Domiciled in Luxembourg and managed by Xtrackers by DWS, it focuses on the European credit derivatives market, offering a standardized tool for credit risk management and speculation on divergent corporate credit profiles.