{
    "fund_name": "iShares Core DAX UCITS ETF (DE)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Core DAX UCITS ETF (DE) is a physically replicated ETF that tracks the DAX index, which consists of the 40 largest and most traded German companies. The fund invests directly in the underlying equities, with at least 95% of its assets matching the index weighting. The KIID and PRIIPs documents confirm that the fund uses physical replication and does not employ leverage, swaps, or other derivatives beyond minimal use for efficient portfolio management (EPM). The risk profile is rated as medium, and the fund is suitable for medium to long-term investment. The PRIIPs KID does not contain a comprehension warning, and the fact sheet confirms the physical replication method. The fund's structure is straightforward, with no capital protection mechanisms, structured features, or complex underlying assets. The only minor derivative-related risk mentioned is counterparty risk, which is standard for ETFs and does not trigger complexity under MiFID II.",
    "confidence": 95
}