{
    "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 minimizing 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 uses physical replication to track a broad-based global investment grade fixed-rate bond index with ESG criteria. The fund invests directly in bonds and eligible assets, including to-be-announced securities and mortgage-backed securities, but does not use synthetic replication or swap-based structures. Derivatives are only used for currency hedging to reduce exchange rate risk, not as an inherent part of the investment strategy, so derivative exposure is minimal and risk management oriented. There is no leverage, inverse or amplified exposure. The risk profile is low to medium (risk level 3 out of 7), consistent with investment grade bonds. The fund is UCITS compliant, with a simple fee structure (ongoing charges around 0.10%) and no performance fees. The index tracked is transparent and broadly diversified with over 15,000 constituents, and the fund does not hold complex structured products or contingent convertible bonds. Counterparty risk is minimal as no swap agreements or funded/unfunded swaps are used. The PRIIPs KID confirms the low risk rating and absence of complexity warnings or comprehension warnings. The factsheet confirms direct physical replication and derivative use limited to currency hedging. Overall, the fund exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, capital protection features, or significant counterparty risk exposure."
}