{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers CAC 40 UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers CAC 40 UCITS ETF aims to replicate the CAC 40\u00ae index by buying all or a substantial number of the underlying securities, indicating physical replication. The KIID and PRIIPs KID documents confirm the fund is UCITS compliant and uses direct investment in French equities without synthetic replication or swap agreements. The fund may use derivatives only for risk management purposes, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure mentioned. The risk profile is relatively high (category 6 in KIID, 5/7 in PRIIPs) due to market volatility and concentration risk in French equities, but this does not imply complexity under MiFID II. No capital protection or structured features are present. Costs are straightforward with a simple ongoing charge of 0.20% and no performance fees or swap fees. The factsheet confirms direct physical replication and no use of swaps or synthetic structures. There are no complex underlying assets such as contingent convertible bonds or CLOs. The fund engages in securities lending with minimal impact on complexity. No complexity flags such as counterparty risk from swaps or leverage are identified. Therefore, the fund is classified as non-complex under MiFID II."
}