{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers MSCI Global SDGs UCITS ETF is a physically replicated ETF that tracks the MSCI ACWI IMI SDG Impact Select Index. The KIID and factsheet indicate that the fund uses direct replication (physical) of the index constituents. While the KIID mentions that derivatives may be used for risk management, efficient portfolio management, or cost reduction, there is no indication of extensive or sophisticated derivative usage that would materially alter the risk profile or require specialist knowledge. The fund does not employ leverage, inverse strategies, or synthetic replication. The underlying assets are global equities associated with positive contributions to the UN Sustainable Development Goals (SDGs), which are transparent and liquid. The risk profile is classified as category 6, but this is due to market volatility rather than structural complexity. The fund is UCITS-compliant, which imposes additional investor protection and transparency requirements. The factsheet confirms the physical replication methodology and does not reveal any additional complexity factors such as swap usage or complex indices.",
    "confidence": 95
}