{
    "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 AC World Screened UCITS ETF is a physically replicated ETF that tracks the MSCI ACWI 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 methods such as swaps or other derivative instruments for purposes beyond efficient portfolio management. The use of derivatives is explicitly stated to be for managing risk, reducing costs, and improving results, which aligns with standard efficient portfolio management (EPM) practices and does not introduce complexity. The fund's risk profile is classified as category 6, which reflects higher volatility but does not inherently indicate complexity under MiFID II. The underlying assets are large and mid-cap equities from global developed and emerging markets, which are generally considered liquid and transparent. The ESG screening criteria and carbon emission reduction rules do not introduce additional complexity that would make the fund difficult for retail investors to understand. The fund's documentation does not contain any warnings or disclosures that would suggest it is unsuitable for retail investors or requires specialist knowledge.",
    "confidence": 95
}