{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers S&P 500 Equal Weight UCITS ETF uses physical replication (direct purchase of underlying securities) as confirmed in the factsheet. There is no mention of synthetic replication, swaps, or leverage. The fund's investment objective is straightforward: to track the S&P 500 Equal Weight Index by holding all or a substantial number of the index constituents. The risk profile is typical for an equity ETF (category 6), and there are no capital protection mechanisms, structured features, or complex underlying assets. The use of derivatives is limited to efficient portfolio management (e.g., risk reduction, cost management), not for leverage or inverse exposure. The fund is UCITS-compliant, which inherently aligns with non-complex classification under MiFID II. No comprehension warning is present in the PRIIPs KID, further supporting the non-complex determination.",
    "confidence": 95
}