{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers II iBoxx Eurozone Government Bond Yield Plus 1-3 UCITS ETF",
    "investment_objective": "To replicate the performance of the Markit iBoxx EUR Sovereigns Eurozone Yield Plus 1-3 Index\u00ae by buying a portfolio of bonds issued by the 5 highest-yielding Eurozone countries with maturities between 1 and 3 years.",
    "primary_asset_class": "Bond",
    "geographic_focus": "Eurozone (5 highest-yielding countries)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses direct physical replication of Eurozone government bonds to track a rules-based index of bonds with maturities between 1 and 3 years. There is no mention of synthetic replication, swap agreements, or total return swaps. The fund may use derivatives only for risk management purposes, which does not trigger complexity under MiFID II. There is no leverage or inverse exposure. The risk profile is low (category 2 out of 7), consistent with a straightforward bond ETF. The fund is UCITS compliant, with a simple fee structure (TER approx. 0.15%) and no performance fees. The underlying assets are investment grade government bonds, liquid and transparent. The PRIIPs KID and factsheet confirm no complex structured products or contingent capital instruments are held. No capital protection or structured features are present. The fund engages in securities lending with minimal impact on complexity. Overall, the fund exhibits characteristics of a non-complex ETF under MiFID II."
}