{
    "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 Canada Screened UCITS ETF is a physically replicated ETF that directly holds the underlying securities of the MSCI Canada Select Screened Index. The KIID explicitly states that the fund uses 'direct replication (physically)' and does not rely on synthetic replication or swaps. While the fund may use derivatives for risk management, this is limited to efficient portfolio management (EPM) and does not introduce complexity. The fund has a straightforward investment objective of tracking a well-defined, liquid equity index with no leverage, inverse exposure, or capital protection features. The risk profile (category 6) is typical for equity ETFs and does not indicate complexity. The ESG screening criteria are embedded in the index methodology and do not add structural complexity. The fund's transparency, liquidity, and straightforward replication method align with MiFID II non-complex criteria.",
    "confidence": 95
}