{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers USD High Yield Corporate Bond Screened UCITS ETF uses physical replication to track the Bloomberg MSCI US High Yield Sustainable and SRI Index. While the KIID mentions the use of derivatives for currency hedging and efficient portfolio management, these are standard practices for reducing tracking error and managing currency risk, not for creating leverage or complex exposure. The fund invests directly in high-yield corporate bonds with ESG screening, which are transparent and liquid assets. The risk profile (category 4) is typical for high-yield bond funds and does not indicate complexity. The absence of leverage, inverse strategies, or synthetic replication supports a non-complex classification. The derivatives used are for risk management, not as a core strategy, and the fund's structure is straightforward and understandable for retail investors.",
    "confidence": 90
}