{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF uses physical replication to track its index, with derivatives only used for efficient portfolio management (e.g., risk reduction, cost management). The KIID explicitly states that derivatives are not a core part of the investment strategy but rather a tool for optimization. The fund has a straightforward investment objective, tracks a transparent index, and does not employ leverage, inverse strategies, or complex financial instruments. The risk profile (category 6) is primarily driven by market volatility rather than structural complexity. The PRIIPs KID and factsheet confirm physical replication and do not introduce additional complexity factors such as comprehension warnings or exotic underlying assets.",
    "confidence": 95
}