{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers MSCI Global SDG 6 Clean Water & Sanitation UCITS ETF is a physically replicated ETF that tracks the MSCI ACWI IMI SDG 6 Clean Water and Sanitation Select Index. The KIID and factsheet indicate that the fund uses direct replication (physical) of the index constituents, which is a non-complex replication method. The fund does not employ leverage, inverse strategies, or synthetic replication via swaps or derivatives for its core investment strategy. While the KIID mentions that derivatives may be used for risk management, this is explicitly stated as being for efficient portfolio management (e.g., reducing costs or hedging) rather than as a core part of the investment strategy. The underlying assets are equities from large, medium, and small-cap companies globally, which are generally considered straightforward and transparent. The fund is UCITS-compliant, which imposes additional investor protection and transparency requirements. The risk profile is classified as category 6, but this is primarily due to the volatility of the underlying equities and emerging market exposure rather than structural complexity. The factsheet confirms the physical replication methodology and does not indicate any use of swaps or complex derivative strategies. The fund's theme (SDG 6) does not introduce additional complexity beyond standard equity ETFs.",
    "confidence": 95
}