{
    "fund_name": "Xtrackers MSCI World Momentum ESG UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI World Momentum Low Carbon SRI Screened Select Index, which is a rules-based, momentum-focused index. While the KIID mentions the potential use of derivatives for risk management, it does not indicate extensive or complex derivative usage. The fund's risk profile (category 6) is primarily due to market volatility rather than structural complexity. The index methodology, though sophisticated, is transparent and based on well-defined ESG and momentum criteria. The ETF does not employ leverage, inverse strategies, or synthetic replication, and there are no indications of capital protection mechanisms or structured features.",
    "confidence": 90,
    "risk_level": 6,
    "additional_notes": "The ETF is classified as non-complex because it employs straightforward physical replication of a transparent index, with derivatives used only for risk management purposes. The momentum and ESG factors do not introduce complexity beyond what is typical for thematic ETFs. The high risk level (6) is due to market exposure rather than structural complexity."
}