{
    "fund_name": "Xtrackers II US Treasuries 1-3 UCITS ETF",
    "isin": "LU0429458895",
    "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 iBoxx $ Treasuries 1-3 Index, which consists of USD-denominated bonds issued by the US government with maturities between 1 and 3 years. The fund does not employ leverage, inverse strategies, or synthetic replication methods. The underlying index is straightforward, consisting of liquid, transparent US Treasury bonds. The fund's risk profile is clearly communicated as category 2 (low to moderate risk), and the ongoing charges are minimal (0.06% p.a.). The factsheet confirms direct replication (physical) of the index, with no mention of swaps or derivative instruments beyond what might be used for efficient portfolio management. The absence of complex features such as capital protection, structured products, or contingent bonds further supports the non-complex classification.",
    "confidence": 95
}