{
    "fund_name": "Xtrackers MSCI USA Consumer Staples UCITS ETF",
    "isin": "IE00BGQYRQ28",
    "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 ('Direct Replication (physically)'). There is no mention of synthetic replication, swaps, leverage, or inverse strategies. The underlying index (MSCI USA Consumer Staples) consists of large and mid-cap companies in the Consumer Staples sector, which is a straightforward equity exposure. The risk profile is classified as category 6, but this is typical for equity ETFs and does not indicate complexity. The fund does not employ capital protection mechanisms or structured features. The only derivative-related mention is the general statement in the KIID that the fund 'may use derivatives to manage risk,' but this is standard language and does not imply active derivative usage. The factsheet confirms no swap or derivative exposure. The fund is UCITS-compliant, which inherently limits complexity. No 'comprehension warning' appears in the PRIIPs KID, further supporting non-complex classification.",
    "confidence": 95
}