{
    "fund_name": "Xtrackers Developed Green Real Estate ESG UCITS ETF",
    "isin": "IE00BN2BCY94",
    "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, or leverage in either the KIID or PRIIPs KID. The investment strategy is straightforward: tracking the Dow Jones Developed Green Real Estate Index by holding a substantial number of the index's securities. The risk profile is clearly explained, and the fund is classified as Article 8 under SFDR, indicating ESG integration but not complexity. The only derivative-related mention is for risk management, which is standard for ETFs and does not trigger complexity under MiFID II. The PRIIPs KID does not contain a comprehension warning, further supporting the non-complex classification.",
    "confidence": 95
}