{
    "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 High Yield Corporate Bond Screened UCITS ETF uses physical replication to track the Bloomberg MSCI US High Yield Sustainable and SRI Index. The KIID explicitly states that the fund may use derivatives for risk management, cost reduction, and efficiency purposes, but not as a core strategy. The fund does not employ leverage, inverse strategies, or synthetic replication. The underlying assets are high-yield corporate bonds with ESG screening, which, while carrying credit risk, are not inherently complex instruments. The risk profile is classified as category 4, indicating moderate risk, but this is typical for high-yield bond funds. The absence of capital protection mechanisms, structured features, or significant counterparty risks further supports the non-complex classification. The fund's transparency, liquidity, and straightforward investment objective align with MiFID II non-complex criteria.",
    "confidence": 90
}