{
    "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 Germany Government Bond UCITS ETF aims to replicate the IBOXX Euro Germany Total Return Index by physically purchasing a portfolio of German government bonds, as confirmed by the factsheet stating 'Direct Replication (physically)'. The fund uses derivatives only for currency hedging purposes to reduce exchange rate fluctuations between the fund's EUR assets and the GBP share class currency, which is a risk management technique rather than an inherent part of the investment strategy, so derivatives are marked false. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty risk exposure. The fund is not leveraged, inverse, or leveraged multiple times, and no capital protection or structured features are present. The risk profile is moderate-low (category 3 out of 7), consistent with a straightforward bond ETF. Costs are simple, with no performance fees or complex fee structures, and securities lending is minimal and disclosed transparently. The underlying assets are liquid German government bonds with a minimum maturity of one year, and the index tracked is a standard, transparent government bond index without complex structured products. No PRIIPs comprehension warnings or complexity flags are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}