{
    "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 UCITS ETF aims to replicate the IBOXX \u20ac SOVEREIGNS EUROZONE\u00ae Index by physically purchasing a portfolio of Eurozone government bonds. The factsheet explicitly states the replication method as 'Direct Replication (physically)'. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or factsheet 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 indicated. The underlying assets are investment grade Eurozone government bonds, which are liquid and transparent. The risk profile is moderate-low (risk category 3 out of 7), consistent with a straightforward bond ETF. No capital protection or structured features are present. Costs are simple, with a low ongoing charge and no performance fees or complex fee structures. Securities lending is disclosed but does not add complexity. No warnings or comprehension difficulties are noted in the PRIIPs KID. 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."
}