{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "derivatives": false,
    "swaps": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers II Global Government Bond UCITS ETF (3C - USD Hedged) is a UCITS-compliant ETF that physically replicates the FTSE World Government Bond Index - Developed Markets in EUR terms. The fund invests directly in investment-grade sovereign bonds issued by developed countries, with no use of synthetic replication or swap agreements. Derivatives are only used 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 leverage, inverse exposure, or capital protection features. The risk profile is moderate (category 4 in KIID, category 2 in PRIIPs KID, reflecting low to medium risk typical of government bond funds). The fund engages in securities lending with minimal impact on complexity. No references to contingent convertible bonds, complex structured products, or significant counterparty risk are present. The factsheet confirms direct physical replication and no synthetic or swap-based replication. Overall, the fund exhibits a straightforward, transparent investment approach with a linear relationship to the underlying index performance, making it non-complex under MiFID II criteria."
}