{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers II Global Government Bond UCITS ETF uses physical replication to track the FTSE World Government Bond Index  Developed Markets. The KIID and factsheet confirm that the fund primarily invests directly in government bonds and does not employ synthetic replication, leverage, or inverse strategies. While derivatives may be used for currency hedging and efficient portfolio management, this is explicitly stated as a risk management tool rather than a core investment strategy. The fund's risk profile is classified as category 4, which is moderate and does not indicate excessive complexity. The underlying assets are investment-grade government bonds, which are transparent and liquid. The fund does not exhibit features such as capital protection mechanisms, structured products, or exposure to illiquid assets. The use of derivatives is limited to managing currency risk and is not a primary driver of returns, aligning with standard practices for non-complex ETFs under MiFID II.",
    "confidence": 95
}