{
    "fund_name": "Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the iBoxx MSCI ESG USD Emerging Markets Sovereigns Quality Weighted Index, which consists of USD-denominated bonds issued by emerging market governments. 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. The underlying assets are straightforward government bonds, and the ESG weighting methodology, while nuanced, does not introduce structural complexity. The risk profile (category 4) is typical for emerging market bond funds, and there are no indications of leverage, inverse strategies, or capital protection mechanisms. The fund's transparency, liquidity, and straightforward replication method support a non-complex classification.",
    "confidence": 90
}