{
    "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 UCITS ETF uses physical replication to track the Bloomberg USD Liquid Investment Grade Corporate Index, which consists of USD-denominated investment-grade corporate bonds. The KIID and factsheet indicate that derivatives may be used for efficient portfolio management and risk reduction, but not as a core part of the investment strategy. The fund does not employ leverage, inverse strategies, or synthetic replication. The underlying assets are straightforward investment-grade corporate bonds, and the risk profile is clearly disclosed. The fund is UCITS-compliant, which generally aligns with non-complex classifications under MiFID II. The absence of complex features such as leverage, structured products, or significant counterparty risks supports the non-complex classification.",
    "confidence": 95
}