{
    "fund_name": "Xtrackers MSCI World UCITS ETF",
    "isin": "IE00BK1PV551",
    "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 to track the MSCI World Index, with no leverage, inverse exposure, or synthetic replication via swaps. The fund's investment strategy is straightforward, focusing on direct investment in global equities from developed markets. The KIID and PRIIPs documents confirm the use of physical replication and do not mention any complex derivative strategies beyond standard securities lending (which is common and not considered complex under MiFID II). The risk profile is classified as category 6, but this reflects market volatility rather than structural complexity. The fund's transparency, liquidity, and lack of complex features align with MiFID II's non-complex classification.",
    "confidence": 95
}