{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers USD Corporate Green Bond UCITS ETF is a physically replicated ETF that tracks the Bloomberg MSCI USD Corporate and Agency Green Bond Index. The KIID and factsheet indicate that the fund uses direct replication (physical) to achieve its investment objective, with no mention of synthetic replication, swaps, or leverage. The fund invests in USD-denominated corporate and agency green bonds, which are investment-grade and meet specific ESG criteria. While the KIID mentions that the fund may use derivatives to manage risk, reduce costs, and improve results, this is within the scope of efficient portfolio management (EPM) and does not introduce complexity. The risk profile is classified as category 4, which is moderate and does not indicate complexity. The fund's transparency, liquidity, and straightforward investment strategy align with non-complex characteristics under MiFID II.",
    "confidence": 95
}