{
    "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 (4C - CHF 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 funded/unfunded swaps. 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 mechanism. The risk profile is moderate (category 4 in KIID, low risk 2/7 in PRIIPs), consistent with direct bond exposure and currency hedging. The fund engages in securities lending with minimal impact on complexity. No references to complex underlying assets such as contingent convertible bonds or structured products are found. The factsheet confirms direct physical replication and absence of swap-based replication. Therefore, under MiFID II criteria, the fund is classified as non-complex."
}