{
    "fund_name": "Xtrackers US Treasuries Ultrashort Bond UCITS ETF",
    "isin": "IE00BM97MR69",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the FTSE US Treasury Short Duration Index, which consists of direct investments in short-duration US Treasury securities. The fund does not employ leverage, inverse strategies, or synthetic replication methods. The underlying index and investment strategy are straightforward, focusing on liquid, transparent US Treasury bonds with maturities between one month and three years. The fund's risk profile is classified as low (category 1), and it does not involve complex structures like capital protection mechanisms or contingent bonds. The use of derivatives, if any, is limited to efficient portfolio management (e.g., hedging or reducing transaction costs) rather than as an inherent part of the strategy. The factsheet confirms direct replication (physical) and lists the top holdings as US Treasury bills and floating-rate notes, further supporting the non-complex classification.",
    "confidence": 95
}