{
    "fund_name": "Xtrackers Europe Net Zero Pathway Paris Aligned UCITS ETF",
    "isin": "IE0001JH5CB4",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex index methodology (Paris Aligned Benchmark standards)",
        "ESG screening and weighting criteria",
        "Potential for tracking error due to index construction"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Solactive ISS ESG Developed Markets Europe Net Zero Pathway Index. While the index has complex ESG screening and weighting criteria, the fund itself does not use derivatives for leverage or synthetic replication. The primary complexity factors relate to the index methodology rather than the fund's structure. The fund's risk profile is clearly disclosed, and it complies with UCITS regulations, which typically indicate a non-complex classification under MiFID II. The factsheet confirms direct replication (physical) and no swap usage, further supporting the non-complex classification.",
    "confidence": 90
}