{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers USD Corporate Bond SRI PAB UCITS ETF is a physically replicated ETF that directly holds the underlying bonds of its reference index. While the KIID mentions the use of derivatives for currency hedging and efficient portfolio management, these are standard practices for ETFs and do not introduce complexity under MiFID II rules. The fund does not employ leverage, inverse strategies, or synthetic replication. The index it tracks is a straightforward investment-grade corporate bond index with ESG criteria, which does not introduce additional complexity. The risk profile (category 5) is typical for bond ETFs and does not indicate complexity. The fund is UCITS-compliant, which further supports its non-complex classification.",
    "confidence": 95
}