{
    "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 explicitly states that derivatives may be used for risk management and efficient portfolio management, not as a core strategy. The fund has a straightforward investment objective, low tracking error (1% in normal conditions), and a clear risk profile (category 6, typical for equity ETFs). The factsheet confirms direct replication and provides transparent holdings data. There are no indications of leverage, inverse strategies, or complex underlying assets. The use of securities lending is disclosed but does not introduce complexity. The fund is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 95
}