{
    "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 15-30 UCITS ETF is a UCITS-compliant ETF that physically replicates the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 15-30 Index by directly purchasing a portfolio of Eurozone government bonds with maturities between 15 and 30 years. The fund uses physical replication (direct purchase of underlying securities) and does not employ synthetic replication or swap agreements. While the fund may use derivatives, this is only for risk management purposes and not as an inherent part of the investment strategy, so derivatives are not considered a complexity factor here. There is no leverage, inverse exposure, or capital protection mechanism. The underlying assets are investment grade government bonds, which are liquid and transparent. The risk profile is medium (risk level 4 out of 7), consistent with bond market risk, but not indicative of complexity. Costs are straightforward with a low ongoing charge (0.15%) and no performance fees or swap fees. Securities lending is minimal and does not add complexity. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms direct physical replication and no use of swaps or synthetic structures. Therefore, the ETF does not meet MiFID II criteria for a complex financial instrument."
}