{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Xtrackers II iBoxx Eurozone Government Bond Yield Plus UCITS ETF is a UCITS-compliant ETF that physically replicates the Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index by directly purchasing a portfolio of Eurozone government bonds. The fund's investment objective is straightforward: to track the performance of a rules-based index composed of investment grade Eurozone government bonds from the 5 highest-yielding countries, excluding sub-investment grade issuers. The factsheet explicitly states the replication method as 'Direct Replication (physically)', and there is no mention of synthetic replication, swap agreements, or total return swaps in any of the KIID, PRIIPs KID, or factsheet documents. The fund may use derivatives only for risk management purposes, which does not trigger the 'derivatives' flag under MiFID II complexity rules. There is no leverage, inverse exposure, or capital protection mechanism. The risk profile is moderate (risk category 3 out of 7), consistent with a bond ETF investing in investment grade sovereign bonds. Costs are simple, with a low ongoing charge (0.15%) and no performance fees. Securities lending is minimal and disclosed transparently. No complex structured products or contingent convertible bonds are held. The index tracked is rules-based but transparent and does not involve complex derivatives or contingent features. There are no complexity flags such as counterparty risk from swaps or leverage. Therefore, the ETF is classified as non-complex under MiFID II."
}