{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers II US Treasuries UCITS ETF",
    "investment_objective": "To replicate the performance of the iBoxx $ Treasuries Index by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments.",
    "primary_asset_class": "Bond",
    "geographic_focus": "United States (US Treasuries)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the iBoxx $ Treasuries Index by directly purchasing US Treasury bonds, as confirmed by the factsheet stating 'Direct investment in US Treasuries' and 'Portfolio Methodology: Direct Replication (physically)'. There is no mention of synthetic replication, swap agreements, or total return swaps in any of the KIID, PRIIPs KID, or factsheet documents. The fund may use derivatives only for risk management purposes, which does not trigger complexity under MiFID II. There is no leverage, inverse exposure, or capital protection features. The risk profile is moderate-low (risk level 3 or 4), consistent with a straightforward bond ETF. Costs are simple with a low ongoing charge (0.06%) and no performance fees. Securities lending is minimal and disclosed transparently. The index tracked is a standard government bond index with clear methodology and no complex structured products or contingent bonds. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Therefore, the fund is classified as non-complex under MiFID II."
}