{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers S&P 500 Equal Weight UCITS ETF is a physically replicated ETF that tracks the S&P 500 Equal Weight Index. The KIID and factsheet indicate that the fund uses direct replication (physical) to achieve its investment objective. While the KIID mentions that the fund may use derivatives for risk management, this is a common practice for efficient portfolio management (EPM) and does not inherently make the ETF complex under MiFID II. The fund does not employ leverage, inverse strategies, or synthetic replication. The risk profile is classified as category 6, which is typical for equity ETFs and does not indicate complexity. The fund's objective and strategy are straightforward, and the underlying assets are liquid and transparent. The use of derivatives is limited to managing risk and reducing costs, not for creating complex exposure.",
    "confidence": 95
}