{
    "fund_name": "Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex index methodology (Paris Aligned Benchmark)",
        "ESG screening and weighting criteria",
        "Potential for tracking error due to index rebalancing"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication (direct purchase of underlying securities) and does not employ leverage, inverse strategies, or synthetic replication. While the index has complex ESG screening and weighting criteria, the fund's straightforward replication method and UCITS compliance make it suitable for retail investors. The use of derivatives is limited to efficient portfolio management (e.g., hedging, reducing transaction costs) and does not materially alter the risk profile. The fund's risk rating (6/7) is high due to equity market exposure, but this is typical for equity ETFs and does not indicate complexity under MiFID II. The absence of capital protection, structured features, or contingent bonds further supports the non-complex classification.",
    "confidence": 90
}