{
    "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 Eurozone Government Bond 1-3 UCITS ETF is a UCITS-compliant ETF that physically replicates the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 1-3 Index by direct purchase of underlying government bonds with maturities between 1 and 3 years. The fund is passively managed with a straightforward index-tracking objective. The KIID and PRIIPs KID documents confirm that derivatives may be used only for risk management purposes, not as an inherent part of the investment strategy, and there is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The factsheet explicitly states the portfolio methodology is direct replication (physical). There is no leverage, inverse or amplified exposure, and no capital protection or structured features. The risk profile is low (risk category 2 out of 7), consistent with investment grade Eurozone government bonds. Costs are simple, with no performance fees or swap fees, and securities lending is minimal and disclosed. No complexity flags such as contingent bonds, complex derivatives, or structured products are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}