{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers USA Net Zero Pathway Paris Aligned UCITS ETF uses physical replication (direct investment in underlying securities) as confirmed in the factsheet. There is no mention of synthetic replication, swaps, or leverage in either the KIID or factsheet. The fund's investment strategy focuses on tracking a net-zero aligned index through direct equity holdings, with no indication of complex derivative strategies beyond standard ETF management techniques. The risk profile (category 6) is consistent with equity ETFs, and the fund complies with UCITS regulations, which inherently limit complexity. The absence of leverage, inverse exposure, or structured products further supports the non-complex classification.",
    "confidence": 95
}