{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers EUR Corporate Green Bond UCITS ETF is a physically replicated ETF tracking the Bloomberg MSCI EUR Corporate and Agency Green Bond Index. The KIID and factsheet indicate that the fund uses direct replication (physical) of the index constituents, which are investment-grade EUR-denominated corporate and agency green bonds. The fund does not employ leverage, inverse strategies, or synthetic replication. While the KIID mentions that derivatives *may* be used for risk management or efficiency purposes, this is a standard disclosure and does not imply extensive or complex derivative usage. The underlying assets are straightforward bonds with clear ESG criteria, and the risk profile (category 4) is typical for bond ETFs. The fund is UCITS-compliant, which further supports its non-complex classification under MiFID II.",
    "confidence": 95
}