{
    "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 ESG Global Aggregate Bond UCITS ETF uses physical replication to track the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral Index. The KIID and factsheet indicate that derivatives are only used for currency hedging and efficient portfolio management, not as a core part of the investment strategy. The fund invests directly in investment-grade bonds and does not employ leverage, inverse strategies, or synthetic replication. The risk profile is moderate (category 3), and the fund is UCITS-compliant, which typically aligns with non-complex classifications under MiFID II. The absence of complex underlying assets, capital protection mechanisms, or significant counterparty risks further supports this classification.",
    "confidence": 95
}