{
    "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 World UCITS ETF uses physical replication to track the MSCI World Index, directly holding the underlying securities. While the KIID mentions the potential use of derivatives for risk management, this is explicitly stated as being for efficient portfolio management rather than as a core strategy. The fund has no leverage, inverse exposure, or synthetic replication. The risk level is classified as 6, but this is due to the inherent volatility of global equities rather than structural complexity. The fund is UCITS-compliant, has a straightforward investment objective, and provides clear, frequent disclosure of holdings. The absence of swaps, leverage, or complex underlying assets supports the non-complex classification.",
    "confidence": 95
}