{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers II Eurozone Government Bond 25+ UCITS ETF",
    "investment_objective": "To reflect the performance of the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 25+ Index",
    "primary_asset_class": "bond",
    "geographic_focus": "Eurozone (Germany, France, Italy, Netherlands, Spain)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate a Eurozone government bond index with bonds having maturities over 25 years and investment grade rating. The fund uses direct physical replication of the underlying bonds, as confirmed by the factsheet. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or factsheet. The fund may use derivatives only for risk management purposes, which does not trigger complexity classification. There is no leverage, inverse or amplified exposure. The risk profile is medium (4 out of 7), consistent with bond market risks such as credit and interest rate risk, but no complexity flags like capital protection or structured features are present. Costs are straightforward with a low ongoing charge and no performance fees. Securities lending is minimal and disclosed transparently. The index tracked is a standard investment grade sovereign bond index without complex structured products or contingent bonds. No counterparty risk from swaps or derivatives is disclosed. The PRIIPs KID does not contain any comprehension warnings or complexity flags. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, invests directly in liquid, transparent securities, and uses physical replication, all indicating a non-complex classification under MiFID II."
}