{
    "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 Government Bond UCITS ETF is a physically replicated, investment-grade sovereign bond ETF with a straightforward index-tracking objective. The fund uses direct replication of the FTSE ESG Select World Government Bond Index  DM, which consists of liquid, investment-grade government bonds from developed markets. While the KIID mentions the potential use of derivatives for risk management, this is explicitly stated as being for efficient portfolio management rather than as a core strategy. The fund has no leverage, no inverse exposure, and no synthetic replication. The risk profile is classified as category 4, which is moderate for bond funds, and the ongoing charges are low at 0.20%. The underlying assets are transparent and liquid government bonds, and the ESG screening process does not introduce additional complexity. The fund is UCITS-compliant, which further supports its non-complex classification under MiFID II.",
    "confidence": 95
}