{
    "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 100 UCITS ETF uses physical replication to track the FTSE 100 Index, which consists of liquid, large-cap UK equities. The KIID and factsheet confirm direct replication (physical) of the index constituents. While derivatives are mentioned for risk management and securities lending is used to generate additional income, these activities are ancillary and do not form the core investment strategy. The risk profile is classified as category 6 due to equity market volatility, but this is typical for equity ETFs and does not indicate structural complexity. The fund does not employ leverage, inverse strategies, or synthetic replication. The underlying assets are straightforward (blue-chip UK stocks), and the index methodology is transparent and widely understood. The absence of complex features such as capital protection mechanisms, contingent bonds, or sophisticated derivative strategies supports the non-complex classification.",
    "confidence": 95
}