{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers II ESG Global Aggregate Bond UCITS ETF",
    "investment_objective": "To reflect the performance of the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral Index while seeking to minimise foreign currency fluctuations at share class level.",
    "primary_asset_class": "Bond",
    "geographic_focus": "Global (Developed and Emerging Markets)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral Index by directly purchasing a portfolio of bonds that comprise the index or other eligible assets. The factsheet explicitly states 'Direct Replication (physically)' and there is no mention of synthetic replication or swap usage. Derivatives are used only for currency hedging purposes to reduce foreign exchange risk, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The underlying assets are investment grade fixed-rate bonds, which are liquid and transparent. The risk profile is low to medium (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 of 0.10% and no performance fees. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The fund is UCITS compliant and regulated. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance with minimal derivative exposure and no leverage, making it non-complex under MiFID II criteria."
}