{
    "success": true,
    "data": {
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "ESG screening criteria",
            "Index methodology complexity"
        ],
        "classification": "non-complex",
        "supporting_data": "The Xtrackers EUR Corporate Green Bond UCITS ETF is a passively managed fund that aims to reflect the performance of the Bloomberg MSCI EUR Corporate and Agency Green Bond Index. It employs physical replication, holding a portfolio of securities that aims to mirror the index constituents. The fund's objective and investment policy are clearly stated, and it tracks a recognized index with publicly available methodology. While the index incorporates ESG screening criteria, this does not inherently make the ETF complex under MiFID II; rather, it defines the investment universe. The document explicitly states the fund is classified in risk category 4, indicating market volatility rather than structural complexity. There is no mention of derivatives being integral to the strategy, significant leverage, or embedded options. The primary risks highlighted are credit risk and interest rate risk, which are standard for bond ETFs and understood by retail investors with basic financial knowledge. The KID's risk profile indicates fluctuations due to interest rates and other assets, but not due to complex underlying mechanisms. Therefore, based on the provided information and the MiFID II framework, the ETF is classified as non-complex."
    }
}