{
    "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 Global Government Bond UCITS ETF aims to replicate the FTSE World Government Bond Index - Developed Markets by physically purchasing a portfolio of investment-grade sovereign bonds. The fund uses derivatives only for currency hedging purposes 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 related to derivatives. The fund does not employ leverage or inverse strategies. The risk profile is moderate (category 4 in KIID, 2 out of 7 in PRIIPs), reflecting bond market risks but not complexity from derivatives or leverage. The fund engages in securities lending with minimal fees but no complex fee structures or performance fees. The underlying assets are straightforward investment-grade government bonds, liquid and transparent. No capital protection or structured features are present. The PRIIPs KID confirms the fund is UCITS compliant and suitable for retail investors with basic knowledge. The factsheet confirms direct physical replication and no use of swaps for index replication. Overall, the fund exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}