{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers II Eurozone Government Bond 1-3 UCITS ETF 2D - GBP Hedged",
    "investment_objective": "To reflect the performance of the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 1-3 Index, minimizing currency fluctuations between the fund's assets and share class currency.",
    "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 uses direct physical replication of Eurozone government bonds with maturities between 1 and 3 years, all investment grade and liquid. The fund employs derivatives only for currency hedging purposes, not as an inherent part of the investment strategy, which does not trigger complexity under MiFID II. There is no use of synthetic replication, swaps, or leverage. The risk profile is low (category 2), consistent with a straightforward bond index tracking fund. No capital protection or structured features are present. The fund is UCITS compliant, with a simple fee structure (0.20% ongoing charges) and no performance fees. The underlying index is transparent and composed of liquid government bonds. The PRIIPs KID and factsheet confirm no complexity warnings or leverage. Securities lending is minimal and does not add complexity. Overall, the fund exhibits a clear, linear relationship to the underlying index performance without complex derivative or leverage structures."
}