As of February 4, 2015, db x-trackers II - iTraxx Europe Subordinated Financials Short Daily UCITS ETF has gone out of business. db x-trackers II - iTraxx Europe Subordinated Financials Short Daily UCITS ETF is an exchange traded fund launched by DB Platinum Advisors 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 Europe Subordinated Financials credit derivative transaction with a tenor of 5 years to which a leverage of -100% and a daily target return has been applied. The fund invests in investment grade securities that are rated as BBB- and above by S&P and Fitch and Baa3 and above by Moody’s. It seeks to replicate the performance of the Markit iTraxx Europe Subordinated Financials 5-year Short Total Return Index, by employing synthetic replication methodology. The fund was formerly known as db x-trackers II - iTraxx Europe Subordinated Financials 5-Year Short Daily Total Return Index ETF. db x-trackers II - iTraxx Europe Subordinated Financials Short Daily UCITS ETF was formed on October 20, 2008 and is domiciled in Luxembourg.