{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF is a UCITS-compliant ETF that physically replicates the Markit iBoxx EUR Corporates Yield Plus Index by directly purchasing a portfolio of EUR-denominated corporate bonds, including higher-yielding non-investment grade bonds (BB- to AAA rated). The fund uses physical replication as confirmed by the factsheet stating 'Portfolio Methodology: Direct Replication (physically)'. Although the fund may use derivatives to manage risk and reduce costs, the documents clarify that derivatives are not an inherent part of the investment strategy but rather risk management tools, so derivatives are marked as false. There is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The fund does not employ leverage, inverse or amplified exposure, nor does it have capital protection or structured features. The risk profile is moderate (category 4 in KIID, but only 2 out of 7 in PRIIPs KID, reflecting low to medium risk typical of bond funds), with no complexity flags such as contingent bonds or complex structured products. Costs are straightforward with a simple TER of 0.25%, no performance fees, and no swap or derivative fees. The index tracked is rules-based but straightforward, focusing on EUR corporate bonds with a clear rating and maturity profile. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}