{
    "fund_name": "Xtrackers USD Corporate Green Bond UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using derivatives",
        "ESG screening complexity",
        "Green bond eligibility criteria"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Bloomberg MSCI USD Corporate and Agency Green Bond Index, which focuses on investment-grade green bonds meeting specific ESG criteria. While it uses derivatives for currency hedging, this is a common practice in ETFs and does not introduce significant complexity. The underlying assets are straightforward corporate and agency bonds, and the fund does not employ leverage, inverse strategies, or synthetic replication. The ETF is UCITS-compliant, which typically aligns with non-complex classifications under MiFID II. The complexity factors identified (currency hedging, ESG screening, and green bond eligibility) are standard for ETFs in this category and do not elevate the fund to a complex classification.",
    "confidence": 90
}