{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [
        "Derivatives for currency hedging"
    ],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers II Global Inflation-Linked Bond UCITS ETF uses physical replication to track the Bloomberg World Government Inflation-Linked Bond Index. While it employs derivatives for currency hedging and efficient portfolio management, these are not used for leverage or complex strategies. The fund invests directly in investment-grade inflation-linked bonds issued by developed market governments, which are transparent and liquid assets. The risk profile is classified as category 4, indicating moderate risk, but this is typical for bond ETFs and does not inherently indicate complexity. The derivatives used are for risk management rather than as a core part of the investment strategy, and the fund does not exhibit other complexity indicators such as leverage, inverse exposure, or structured features. The KIID and factsheet provide clear and comprehensive information about the fund's objectives, risks, and costs, supporting its classification as non-complex under MiFID II.",
    "confidence": 90
}