{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF uses physical replication to track the Solactive ISS ESG Developed Markets Eurozone Net Zero Pathway Index. The KIID explicitly states that the fund may employ derivatives for risk management, cost reduction, and efficiency improvement, but not as a core strategy. The fund does not use leverage, inverse strategies, or synthetic replication. The risk profile is classified as category 6, which is high but not inherently indicative of complexity under MiFID II. The fund is UCITS-compliant, which generally aligns with non-complex classifications. The absence of swaps, leverage, or capital protection mechanisms further supports the non-complex classification. The derivatives usage is limited to efficient portfolio management (EPM), which does not trigger complexity under MiFID II.",
    "confidence": 95
}