{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": 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 buying a portfolio of inflation-linked government bonds from developed markets. The fund uses physical replication (direct purchase of underlying securities) as confirmed by the factsheet. Derivatives are only used for currency hedging purposes to reduce exchange rate fluctuations between the fund's assets and the share class currency, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or total return swaps. The fund does not employ leverage or inverse exposure. The risk profile is moderate (category 3-4 out of 7), consistent with direct bond exposure and currency hedging risks. No capital protection or structured features are present. Costs are straightforward with no performance fees or swap fees, only a low ongoing charge and minor securities lending revenue. The index tracked is a broad, transparent, investment-grade inflation-linked government bond index with 153 constituents, which is not complex in nature. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund exhibits characteristics of a non-complex ETF under MiFID II, as it uses physical replication, minimal derivative use solely for hedging, no leverage, and invests in liquid, transparent government bonds."
}