{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers MSCI EMU Screened UCITS ETF is a physically replicated ETF that tracks the MSCI EMU Select Screened Index. The KIID and factsheet indicate that the fund uses direct replication (physical) to achieve its investment objective, which is a non-complex indicator under MiFID II. The fund does not employ leverage, inverse strategies, or synthetic replication. While the KIID mentions the use of derivatives for risk management and cost reduction, this is explicitly for efficient portfolio management (EPM) and not for creating additional risk or complexity. The fund is UCITS-compliant, which further supports its classification as non-complex. The risk profile is clearly disclosed, and the fund's strategy is straightforward, focusing on ESG-screened equities from the EMU region. The absence of complex structures, such as contingent bonds, swaps for synthetic replication, or leverage, reinforces the non-complex classification.",
    "confidence": 95
}