{
    "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 EUR High Yield Corporate Bond UCITS ETF aims to replicate the Markit iBoxx EUR Liquid High Yield Index by physically buying a portfolio of corporate bonds. The fund uses direct replication (physical) as confirmed by the factsheet and KIID. While the fund may use derivatives, this is only for risk management and cost efficiency, not as an inherent part of the investment strategy, so derivatives are marked false. There is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The fund is not leveraged, nor does it have inverse or amplified return features. The underlying assets are sub-investment grade corporate bonds, which are complex in credit risk but are straightforward fixed income securities, not contingent convertible bonds or structured products. The risk profile is moderate (risk level 4 in KIID, 3 in PRIIPs), consistent with high yield bond risk but not indicating complexity per MiFID II. Costs are simple with no performance fees or complex fee structures, and securities lending is disclosed but does not add complexity. No capital protection or structured features are present. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Therefore, the fund is classified as non-complex under MiFID II criteria."
}