{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Xtrackers USD Corporate Green Bond UCITS ETF is a UCITS-compliant ETF that physically replicates the Bloomberg MSCI USD Corporate and Agency Green Bond Index by directly purchasing a portfolio of USD-denominated investment grade corporate and agency green bonds. The factsheet explicitly states 'Direct Replication (physically)' and there is no mention of synthetic replication, swap agreements, or total return swaps in any of the KIID, PRIIPs KID, or factsheet documents. The fund may use derivatives only for risk management purposes, which does not trigger complexity under MiFID II. There is no leverage, inverse or amplified exposure indicated. The risk profile is moderate (risk level 3 out of 7), consistent with a straightforward bond ETF. No capital protection or structured features are present. The underlying assets are investment grade green bonds, which are liquid and transparent, with no complex structured products or contingent convertible bonds involved. Costs are simple, with a standard ongoing charge of 0.25% and no performance fees or swap fees. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Therefore, the ETF does not meet the MiFID II criteria for classification as a complex financial instrument."
}