{
    "fund_name": "Xtrackers II Eurozone Government Bond 5-7 UCITS ETF",
    "isin": "LU0290357176",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Physical replication of government bonds",
        "No leverage or inverse exposure",
        "No synthetic replication or swap usage",
        "Investment in liquid, transparent Eurozone government bonds"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 5-7 Index, which consists of investment-grade government bonds with maturities between 5-7 years. The fund does not use derivatives, swaps, or leverage, and its risk profile is straightforward, focusing on credit and interest rate risks typical of bond investments. The index constituents are liquid and transparent, and the fund's costs are low (0.15% ongoing charges). The PRIIPs KID and factsheet confirm the physical replication method and absence of complex structures. The fund is classified as non-complex under MiFID II because it invests directly in liquid bonds, has no derivative exposure beyond minimal securities lending, and its risks are easily understandable by retail investors.",
    "confidence": 95
}