{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers S&P 500 Scored & Screened UCITS ETF is a physically replicated ETF that tracks the S&P 500 Scored & Screened Index. The KIID and factsheet indicate that the fund uses direct replication (physical) to achieve its investment objective. While the KIID mentions that the fund may employ derivatives for risk management, this is explicitly stated as being for efficient portfolio management rather than as a core part of the investment strategy. The fund does not use leverage, inverse strategies, or synthetic replication. The underlying index is a straightforward, rules-based ESG-screened version of the S&P 500, which is a well-known and transparent benchmark. The risk profile is classified as category 4, which is typical for equity ETFs and does not inherently indicate complexity. The fund is UCITS-compliant, which imposes additional investor protection and transparency requirements. The factsheet confirms the physical replication methodology and provides clear information about the fund's holdings and performance. There are no indications of complex structures such as contingent bonds, leveraged exposure, or significant counterparty risks. The use of derivatives is limited to risk management and cost efficiency, which does not trigger complexity under MiFID II.",
    "confidence": 95
}