{
    "fund_name": "Xtrackers India Government Bond UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex Indices (India Government Bonds via FAR route)",
        "Emerging Market Exposure (India-specific risks)",
        "Potential for illiquidity in underlying bonds"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication (direct investment in India Government Bonds) as confirmed in the factsheet. While the underlying index tracks bonds that may be complex due to India's emerging market status and the FAR route mechanism, the ETF itself does not use derivatives for leverage or synthetic replication. The risk profile is clearly disclosed (category 4), and the fund's structure is transparent with no capital protection features or inverse strategies. The use of derivatives is limited to potential hedging or risk management, not as an inherent part of the strategy. The PRIIPs KID does not contain a comprehension warning, further supporting the non-complex classification.",
    "confidence": 90
}