As of September 29, 2015 db x-trackers II - iTraxx Crossover 2x Daily UCITS ETF has gone out of business. db x-trackers II - iTraxx Crossover 2x Daily UCITS ETF is an exchange traded fund launched by Deutsche Asset & Wealth Management Investment S.A. The fund is managed by State Street Global Advisors Limited. It invests into the fixed income markets of Europe. The fund uses derivatives such as swaps to invest in on-the-run iTraxx Crossover credit derivative transaction with a term of 5 years. It 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. The fund seeks to replicate the performance of the Markit iTraxx Crossover 5-year 2x Daily Total Return Index, by employing synthetic replication methodology. The index seeks to track twice the daily performance of 5-year iTraxx Crossover credit derivative transactions. It was formerly known as db x-trackers II - iTraxx Crossover 5-year 2x Daily Total Return Index ETF. db x-trackers II - iTraxx Crossover 2x Daily UCITS ETF was formed on November 22, 2011 and is domiciled in Luxembourg.