{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers Japan Net Zero Pathway Paris Aligned UCITS ETF uses physical replication to track the Solactive ISS ESG Japan Net Zero Pathway Index. The KIID explicitly states that the fund attempts to replicate the index by buying all or a substantial number of the securities in the index. While the fund may employ derivatives for risk management, efficient portfolio management, or cost reduction, these are not used for leverage or synthetic replication. The fund's risk profile is classified as category 6, indicating higher volatility, but this is primarily due to its exposure to Japanese equities rather than structural complexity. The fund does not exhibit any of the key complexity indicators such as leverage, inverse exposure, or synthetic replication. The use of derivatives is limited to managing risk and improving efficiency, which does not trigger complexity under MiFID II. The fund is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 95
}