{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers USD Corporate Bond UCITS ETF",
    "investment_objective": "To reflect the performance of the Bloomberg USD Liquid Investment Grade Corporate Index by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determined by DWS entities.",
    "primary_asset_class": "bond",
    "geographic_focus": "US and non-US companies",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS fund physically replicating the Bloomberg USD Liquid Investment Grade Corporate Index by direct purchase of USD-denominated investment grade corporate bonds. The factsheet explicitly states 'Direct Replication (physically)' and there is no mention of synthetic replication or swap usage. The KIID and PRIIPs KID mention that derivatives may be used only for risk management or cost reduction purposes, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The risk profile is medium-low (3 out of 7), consistent with a straightforward bond ETF. No capital protection or structured features are present. The fund invests in liquid, investment grade bonds with a large number of constituents (3,026), enhancing transparency and reducing complexity. No contingent convertible bonds, complex structured products, or significant counterparty risk are disclosed. Costs are simple with a low ongoing charge (0.12%) and no performance fees or swap fees. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the fund exhibits characteristics of a non-complex ETF under MiFID II criteria."
}