{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF",
    "investment_objective": "To replicate the Bloomberg MSCI Euro Corporate SRI 0-5 Year PAB Index performance by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determined by DWS entities.",
    "primary_asset_class": "Corporate Bonds",
    "geographic_focus": "Eurozone (EUR denominated bonds)",
    "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 Euro Corporate SRI 0-5 Year PAB Index by directly purchasing EUR-denominated investment grade corporate bonds with maturities between 1 month and 5 years. The fund is UCITS compliant and uses derivatives only for risk management purposes, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The fund does not employ leverage or inverse strategies. The risk profile is low (category 2 out of 7), consistent with a straightforward bond index tracking strategy. Costs are simple with a low ongoing charge of 0.16% and no performance fees. The index excludes issuers based on ESG criteria and aligns with EU Paris-aligned Benchmark standards, but this does not add complexity under MiFID II. The factsheet confirms direct physical replication and no use of swaps. No capital protection or structured features are present. Overall, the ETF exhibits a clear, linear relationship to the underlying bond index performance with minimal derivative use, no leverage, and no complex underlying assets such as contingent convertible bonds or CLOs. Therefore, it is classified as non-complex under MiFID II."
}