{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers Euro Stoxx 50 UCITS ETF uses physical replication to track the Euro Stoxx 50 Index, which consists of liquid, large-cap Eurozone equities. The KIID and factsheet confirm that the fund primarily holds the underlying securities directly, with no indication of synthetic replication, leverage, or inverse strategies. While the KIID mentions the potential use of derivatives for risk management, this is explicitly stated as a tool for efficient portfolio management rather than a core strategy. The fund's risk profile (category 6) is typical for equity ETFs and does not indicate complexity. The factsheet further clarifies that the fund uses direct replication, and there are no warnings or disclosures suggesting complexity under MiFID II rules. The absence of swap agreements, leverage, or structured features supports the non-complex classification.",
    "confidence": 95
}