{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers India Government Bond UCITS ETF",
    "investment_objective": "To reflect the performance of the J.P. Morgan India Government Fully Accessible Route (FAR) Bonds Index by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determined by the Sub-Portfolio Manager.",
    "primary_asset_class": "Bond",
    "geographic_focus": "India",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses direct physical replication of Indian government bonds as confirmed by the factsheet stating 'Portfolio Methodology: Direct Replication (physically)'. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or factsheet. 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. The underlying assets are Indian government bonds, which are fixed income securities, not complex structured products or contingent convertible bonds. The risk profile is medium-low (risk level 3 out of 7 in PRIIPs KID), consistent with a non-complex bond ETF. Costs are straightforward with a single ongoing charge of 0.33% and no performance fees or swap fees. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. The index tracked is a transparent, rules-based government bond index with 33 constituents, no complex derivatives embedded. Overall, the fund exhibits a clear, linear relationship to the underlying bond index performance with minimal derivative use for risk management only, physical replication, no leverage, and no complex underlying assets, leading to a non-complex classification under MiFID II."
}