{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Xtrackers II Eurozone Government Bond 3-5 UCITS ETF aims to replicate the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 3-5 Index by direct physical replication of investment grade Eurozone government bonds with maturities between 3 and 5 years. The fund is UCITS compliant and uses physical replication as confirmed by the factsheet. The KIID and PRIIPs KID documents state that derivatives may be used only for risk management purposes, not as an inherent part of the investment strategy, and no synthetic replication or swap agreements are mentioned. There is no leverage, inverse or amplified exposure. The risk profile is low (category 2 out of 7), consistent with a straightforward bond index tracking ETF. The fund invests directly in liquid, transparent government bonds, with no complex underlying assets such as contingent convertible bonds or CLOs. Capital protection or structured features are not present. Costs are simple, with a low ongoing charge and no performance fees. Securities lending is minimal and disclosed transparently. No significant counterparty risk or derivative counterparty risk is disclosed. The index tracked is a standard, well-known bond index without complex features. There are no references to contango, backwardation, or roll costs that would imply complexity. Overall, the fund exhibits none of the complexity indicators under MiFID II and is therefore classified as non-complex."
}