{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF",
    "investment_objective": "To replicate the Bloomberg MSCI Euro Corporate SRI PAB Index performance by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determined by DWS entities.",
    "primary_asset_class": "Bond",
    "geographic_focus": "Eurozone / Europe",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the Bloomberg MSCI Euro Corporate SRI PAB Index by direct investment in EUR-denominated investment grade corporate bonds. The fund is UCITS compliant and uses physical replication (direct purchase of underlying securities) rather than synthetic replication or swap-based structures. 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, so derivatives exposure is minimal and not complexity-driving. There is no leverage, inverse or amplified exposure. The index tracked is a corporate bond index with ESG and decarbonization criteria, but it does not include complex structured products or contingent convertible bonds. The risk profile is low to medium (risk level 2 out of 7), consistent with investment grade corporate bonds. No capital protection or structured features are present. Costs are straightforward with a low ongoing charge of 0.16% and no performance fees. The factsheet confirms direct physical bond holdings and no use of swaps or synthetic replication. There are no complexity flags such as counterparty risk from swaps, leverage, or capital protection mechanisms. Although the index applies ESG and decarbonization filters, this does not add complexity under MiFID II. Therefore, the ETF is classified as non-complex."
}