{
    "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 Eurozone Government Bond 3-5 UCITS ETF aims to replicate the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 3-5 Index by physically purchasing a portfolio of Eurozone government bonds with maturities between 3 and 5 years. The fund is UCITS compliant and uses direct physical replication, as confirmed by the factsheet stating 'Direct Replication (physically)'. There is no mention of synthetic replication, swap agreements, or total return swaps in any of the documents. The fund may use derivatives only for risk management purposes, which does not trigger complexity under MiFID II. There is no leverage, inverse or amplified exposure. The risk profile is low (category 2 out of 7), consistent with a straightforward bond ETF. The fund invests in liquid, investment-grade government bonds, with no complex underlying assets such as contingent convertible bonds or CLOs. No capital protection or structured features are present. Costs are simple, with a low ongoing charge and no performance fees. Securities lending is minimal and disclosed transparently. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund exhibits none of the complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex under MiFID II."
}