{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers FTSE 250 UCITS ETF is a physically replicated ETF that directly holds the underlying securities of the FTSE 250 Index. The KIID explicitly states that the fund uses 'direct replication (physical)' methodology. While the fund mentions the potential use of derivatives for efficient portfolio management, this is a standard practice for risk management and cost reduction, not for creating complex exposure. The fund has a straightforward investment objective of tracking the FTSE 250 Index, which consists of liquid, publicly traded UK mid-cap stocks. The risk profile is clearly disclosed with a risk rating of 6, which is appropriate for an equity ETF. There are no indications of leverage, inverse strategies, or complex underlying assets. The fund's use of securities lending is a common practice among ETFs and doesn't contribute to complexity under MiFID II. The PRIIPs KID and factsheet reinforce the physical replication approach and provide clear information about the fund's structure and risks.",
    "confidence": 95
}