{
    "fund_name": "Xtrackers USD Corporate Green Bond UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Green bond eligibility criteria complexity",
        "ESG screening criteria",
        "Investment grade corporate bonds"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Bloomberg MSCI USD Corporate and Agency Green Bond Index, which consists of USD-denominated investment-grade corporate and agency green bonds. The fund does not use derivatives, swaps, or leverage, and its investment strategy is straightforward. The complexity factors identified relate to the green bond eligibility criteria and ESG screening, which are standard for sustainable investment funds but do not make the fund inherently complex. The fund's risk profile is clearly stated, and the underlying assets are liquid and transparent. The use of derivatives is limited to efficient portfolio management, which does not trigger complexity under MiFID II.",
    "confidence": 90
}