{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF",
    "investment_objective": "To replicate the Bloomberg MSCI USD Corporate SRI 0-5 Years PAB Index performance before fees and expenses",
    "primary_asset_class": "bond",
    "geographic_focus": "USD-denominated corporate bonds, global (no specific country focus beyond USD currency)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the Bloomberg MSCI USD Corporate SRI 0-5 Years PAB Index by directly purchasing a portfolio of USD-denominated investment grade corporate bonds with maturities between 1 month and 5 years. 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 or cost reduction purposes, which does not trigger complexity under MiFID II. There is no leverage, inverse exposure, or capital protection mechanism. The risk profile is low to moderate (category 2-3 out of 7), consistent with a straightforward bond ETF. The index tracked is a transparent, rules-based ESG screened bond index with monthly rebalancing, but it does not include complex structured products or contingent convertible bonds. No significant counterparty risk or collateral management risks are disclosed. Costs are simple with a low ongoing charge of 0.16% and no performance fees or swap fees. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The factsheet confirms direct physical replication and no use of swaps. Overall, the ETF exhibits characteristics of a non-complex financial instrument under MiFID II."
}