{
    "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, by buying a portfolio of securities comprising the index constituents or other unrelated investments as determined by DWS, and using derivatives to hedge currency risk.",
    "primary_asset_class": "Bond",
    "geographic_focus": "USD-denominated corporate bonds, global issuers with investment grade rating",
    "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 direct purchase of USD-denominated investment grade corporate bonds with maturities between 1 month and 5 years. The fund uses derivatives only for currency hedging purposes (to reduce currency risk between USD assets and EUR share class), not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure. The fund is UCITS compliant and has a low risk rating of 2 out of 7, indicating low complexity. The index tracked is a fixed income index with ESG and decarbonization criteria but does not include complex structured products or contingent convertible bonds. The fund does not employ leverage or inverse strategies. Costs are straightforward with a single ongoing charge of 0.21% and no performance fees. The risk disclosures mention derivatives risk only in the context of currency hedging, not as a core strategy. The factsheet confirms direct physical replication and no use of swaps for index replication. There are no capital protection or structured features. The recommended holding period is 3 years with a low risk profile. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}