{
    "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 explicitly states that derivatives are used only for risk management, cost reduction, and efficiency purposes, not as a core strategy. The fund does not employ leverage, inverse strategies, or synthetic replication. The underlying assets are investment-grade government bonds from developed markets, which are generally considered liquid and transparent. The risk profile is classified as category 4, which is moderate and does not indicate excessive complexity. The funds use of securities lending is disclosed transparently, with clear revenue-sharing mechanisms, and does not introduce additional complexity. The PRIIPs KID and factsheet reinforce that the fund is straightforward, with no comprehension warnings or additional complexity indicators. The factsheet confirms direct replication and lists simple, liquid government bonds as top holdings.",
    "confidence": 95
}