{
    "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 US Treasuries 10+ UCITS ETF is a UCITS-compliant ETF that physically replicates the Bloomberg US Long Treasury Index by directly purchasing US Treasury bonds with maturities of 10 years or greater. The factsheet explicitly states 'Direct Replication (physically)' and there is no mention of synthetic replication, swap agreements, or total return swaps in any of the documents. While the fund may use derivatives for risk management or cost reduction, this is described as ancillary and not an inherent part of the investment strategy, so derivatives are marked as false. There is no leverage, inverse exposure, or capital protection features. The underlying assets are straightforward sovereign bonds, which are liquid and transparent. The risk profile is medium (category 4 out of 7 in PRIIPs KID), consistent with bond market risk rather than complexity. Costs are simple with a low ongoing charge (0.06%) and no performance fees or swap fees. No complexity flags such as contingent bonds, structured products, or significant counterparty risk are present. The PRIIPs KID does not include any comprehension warnings or complexity disclaimers. The fund's strategy is straightforward index tracking with physical holdings, making it non-complex under MiFID II criteria."
}