{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers Stoxx Europe 600 UCITS ETF 2C - EUR Hedged aims to replicate the STOXX Europe 600 Index by direct physical replication, buying all or a substantial number of the underlying securities. The fund uses derivatives only for currency hedging purposes to reduce foreign exchange risk at the share class level, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure. The fund is UCITS compliant and does not employ leverage, inverse exposure, or capital protection mechanisms. The risk profile is medium (4 out of 7), consistent with direct equity exposure and currency hedging, without complex derivative risk. Costs are straightforward with a TER of 0.25%, no performance fees, and no swap or derivative fees. Securities lending is minimal and revenue sharing does not increase costs. The index tracked is a broad, liquid, well-known European equity index with no complex structured products or contingent bonds. The factsheet confirms physical replication and derivative use limited to currency hedging. No complexity flags such as leverage, synthetic replication, or complex underlying assets are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}