{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers Stoxx Europe 600 UCITS ETF is a physically replicating UCITS-compliant ETF that aims to track the STOXX Europe 600 index by buying all or a substantial number of the underlying securities directly. The KIID and PRIIPs KID documents confirm that derivatives may be used only for risk management purposes, not as an inherent part of the investment strategy, and there is no mention of synthetic replication, swap agreements, or counterparty risk. The factsheet explicitly states the portfolio methodology as 'Direct Replication (physically)'. There is no leverage, inverse or amplified exposure. The risk profile is medium (4 out of 7), consistent with direct equity exposure without complex features. 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. Securities lending is minimal and does not add complexity. The underlying assets are large, mid, and small-cap European equities, liquid and transparent. There are no complex underlying assets such as contingent convertible bonds or CLOs. No complexity flags such as capital guarantees, barrier options, or structured returns are identified. The PRIIPs KID does not carry any comprehension warnings or complexity disclaimers. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}