{
    "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 7 Affordable and Clean Energy UCITS ETF is a physically replicated ETF that tracks the MSCI ACWI IMI SDG 7 Affordable and Clean Energy Select Index. The KIID and factsheet indicate that the fund uses direct replication (physical) to achieve its investment objective, which is a non-complex indicator under MiFID II. The fund does not employ leverage, inverse strategies, or synthetic replication methods such as swaps or other derivatives for investment purposes beyond standard risk management techniques. The risk profile is classified as level 6, which is high but not necessarily indicative of complexity under MiFID II rules. The fund's use of derivatives is limited to managing risk and improving efficiency, not as a core part of its investment strategy. The underlying assets are equities associated with clean energy, which are transparent and liquid. There are no mentions of capital protection mechanisms, structured features, or complex underlying assets like contingent convertible bonds. The fund is UCITS-compliant, which generally aligns with non-complex classifications. The factsheet confirms the physical replication methodology and does not introduce any additional complexity factors such as swap usage or complex benchmark tracking.",
    "confidence": 95
}