{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers II Eurozone Government Bond 3-5 UCITS ETF 2C - USD Hedged",
    "investment_objective": "To reflect the performance of the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 3-5 Index while minimizing foreign currency fluctuations at share class level.",
    "primary_asset_class": "Bond",
    "geographic_focus": "Eurozone (France, Germany, Italy, Netherlands, Spain)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant bond ETF physically replicating the Markit iBoxx EUR Eurozone 3-5 year government bond index. The fund buys a portfolio of securities that comprise the index or other unrelated investments as determined by DWS, with the primary aim of physical replication. The use of derivatives is limited to currency hedging to reduce foreign exchange risk between the EUR-denominated bonds and the USD share class currency. There is no indication of synthetic replication, swap agreements, or total return swaps. The fund does not employ leverage or inverse strategies. The risk profile is low (risk level 2 out of 7), consistent with investment grade Eurozone government bonds with maturities between 3 and 5 years. The fund uses securities lending to generate additional income, but this does not increase complexity under MiFID II. The PRIIPs KID confirms the low risk and straightforward nature of the product, with no comprehension warnings or complexity flags. The factsheet confirms direct physical replication and no use of swaps or leverage. The index tracked is a standard fixed income government bond index with transparent methodology and no complex structured products or contingent bonds. Therefore, the fund does not meet MiFID II criteria for classification as a complex financial instrument."
}