{
    "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 Global Inflation-Linked Bond UCITS ETF aims to replicate the Bloomberg World Government Inflation-Linked Bond Index by direct physical replication of inflation-linked government bonds from developed markets. The fund uses derivatives only for currency hedging purposes to reduce exchange rate fluctuations between the fund's assets (EUR) and the share class currency (CHF), not as an inherent part of the investment strategy. There is no mention of synthetic replication, total return swaps, or unfunded/funded swap structures. The fund does not employ leverage, inverse or amplified exposure. The underlying assets are investment grade inflation-linked government bonds, which are liquid and transparent. The risk profile is moderate (risk level 3-4 out of 7), consistent with bond market risk, and there are no capital protection or structured product features. Costs are straightforward with a TER of 0.25% and no performance fees; securities lending is used but does not increase costs. The PRIIPs KID confirms no complexity warnings or comprehension warnings. The factsheet confirms physical replication and no use of swaps for replication. Overall, the fund exhibits a clear, linear relationship to the underlying index performance with minimal derivative use limited to currency risk management, which does not trigger complexity under MiFID II. Therefore, the ETF is classified as non-complex."
}