{
    "fund_name": "Xtrackers EUR Corporate Green Bond UCITS ETF",
    "isin": "IE000MCVFK47",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Green Bond Eligibility Criteria",
        "ESG Screening",
        "Credit Risk Exposure"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Bloomberg MSCI EUR Corporate and Agency Green Bond Index, which consists of EUR-denominated investment-grade corporate and agency green bonds. The fund does not employ leverage, inverse strategies, or synthetic replication methods. While it may use derivatives for risk management, the primary investment strategy is straightforward, focusing on direct investment in green bonds that meet specific ESG criteria. The index constituents are capped at 5% per issuer, and the fund aims for a low tracking error of 1%. The ETF is UCITS-compliant, which aligns with MiFID II's non-complex classification for standard, transparent, and liquid instruments. The complexity factors identified relate to the ESG and green bond eligibility criteria, which do not inherently make the fund complex but reflect the specialized nature of the underlying assets.",
    "confidence": 90
}