{
    "fund_name": "Xtrackers MSCI USA Energy UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication (direct purchase of underlying securities) as confirmed in the factsheet. There is no mention of synthetic replication, swaps, leverage, or inverse strategies. The fund tracks a straightforward equity index (MSCI USA Energy 20-35 Custom Index) with clear sector exposure. The risk profile is aligned with the underlying assets (energy sector equities), and the fund does not exhibit any of the complexity indicators under MiFID II. The PRIIPs KID and factsheet further confirm the absence of complex structures or derivative usage beyond efficient portfolio management.",
    "confidence": 95
}