{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers NASDAQ 100 UCITS ETF uses physical replication to track the NASDAQ-100 Index, which consists of large, liquid equities. While the KIID mentions the potential use of derivatives for risk management, it explicitly states these are not for leverage or complex strategies. The fund has a straightforward investment objective, low ongoing charges (0.20%), and a clear risk profile (category 6, typical for equity ETFs). The factsheet confirms direct replication and lists no complex underlying assets. The absence of leverage, inverse exposure, or synthetic replication supports a non-complex classification.",
    "confidence": 95
}