{
    "complex": false,
    "classification": "non-complex",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "supporting_data": "The AMUNDI ETF DAX UCITS ETF DR is a physically replicated ETF that directly holds the underlying securities of the DAX index. It uses physical replication, investing in the constituent stocks of the index in proportions very close to those of the index itself. While the KIID mentions that forward financial instruments may be used for hedging and/or exposure purposes, this is likely for efficient portfolio management (EPM) rather than as a core part of the investment strategy. The ETF does not exhibit any of the key complexity indicators such as leverage, inverse exposure, or significant derivative usage. The risk profile is straightforward, with a clear focus on tracking the DAX index. The ETF is UCITS-compliant, which generally implies a higher level of investor protection and transparency. The absence of complex features such as leverage, inverse exposure, or significant derivative usage supports the classification as non-complex.",
    "confidence": 95
}