{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers MSCI Europe Communication Services Screened UCITS ETF is a physically replicated ETF that tracks the MSCI Europe Communication Services Screened 20-35 Select Index. The KIID and factsheet indicate that the fund uses direct replication (physical) to achieve its investment objective, which is a non-complex indicator. While the fund may employ derivatives for risk management and efficient portfolio management, these are not used for leverage or synthetic replication, and the overall strategy remains straightforward. The fund does not exhibit any of the key complexity indicators such as leverage, inverse exposure, or synthetic replication. The risk profile is classified as level 6, which is high but not necessarily indicative of complexity under MiFID II. The fund's use of derivatives is limited to managing risk and improving efficiency, not as a core part of its strategy. The underlying assets are liquid European equities, and the ESG screening methodology does not introduce additional complexity. The fund is UCITS-compliant, which generally aligns with non-complex classifications under MiFID II.",
    "confidence": 90
}