{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers MSCI Next Generation Internet Innovation UCITS ETF is a physically replicated ETF that tracks the MSCI ACWI IMI Next Generation Internet Innovation Select Screened 100 Index. The KIID and factsheet indicate that the fund uses direct replication (physical) to achieve its investment objective, with no mention of synthetic replication, swaps, or leverage. While the fund may use derivatives for risk management or efficient portfolio management, this does not inherently make it complex under MiFID II rules. The fund's risk profile is classified as category 6, but this is due to the volatility of the underlying assets (global equities in the internet innovation sector) rather than structural complexity. The fund is UCITS-compliant, which generally aligns with non-complex classifications. There are no indications of capital protection features, structured products, or other complexity triggers.",
    "confidence": 90
}