{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers II USD Emerging Markets Bond UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicating fund that tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select Index. The fund invests directly in USD-denominated emerging market government and quasi-government bonds, including both investment grade and high yield bonds. The use of derivatives is limited to currency hedging to reduce exchange rate fluctuations between the fund's assets and the share class currency, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure. The fund does not employ leverage, inverse or amplified exposure. The risk profile is moderate (risk level 5 in KIID, 3 in PRIIPs KID), reflecting the underlying bond risks and emerging market exposure, but not complexity from derivatives or leverage. Costs are straightforward with no performance fees or swap fees, and securities lending is minimal and disclosed. The index tracked is a broad, transparent fixed income index without complex structured products or contingent bonds. The factsheet confirms direct physical replication and no synthetic or swap-based replication. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}