Xtrackers II USD Overnight Rate Swap UCITS ETF 1C

Xtrackers II USD Overnight Rate Swap UCITS ETF 1C is an exchange-traded fund that provides synthetic exposure to the Solactive FEDL Daily index, tracking the Federal Funds Effective Rate, the key short-term benchmark interest rate in the United States set by the Federal Open Market Committee. This ETF employs an unfunded swap replication method with counterparties such as Barclays Bank PLC, Deutsche Bank AG, Goldman Sachs International, J.P. Morgan Securities plc, and Société Générale to mirror the daily rolling performance of a notional deposit earning this rate, with interest reinvested daily. Domiciled in Luxembourg and launched in 2007, it operates as a UCITS-compliant SICAV structure, accumulating distributions without paying out income. Focused exclusively on the U.S. money market segment in USD, currency unhedged, it serves investors seeking a low-volatility instrument tied to official short-term rates. Managed passively by Xtrackers, with administration and custody by State Street Bank International GmbH Luxembourg Branch, and investment advice from DWS Investments UK Limited, the ETF plays a niche role in fixed income portfolios for precise replication of federal funds dynamics without direct cash holdings.