{
    "fund_name": "Xtrackers MSCI EMU ESG UCITS ETF",
    "isin": "IE00BNC1G699",
    "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 investment in underlying securities) as confirmed in the factsheet. There is no mention of synthetic replication, swaps, or leverage. The index tracked (MSCI EMU Low Carbon SRI Selection Index) is a straightforward equity index with ESG screening criteria. The fund's risk profile (category 6) reflects typical equity market risks rather than complex derivative risks. The KIID and factsheet confirm no use of derivatives beyond efficient portfolio management (if at all). The fund is UCITS-compliant, which inherently limits complexity. No capital protection, inverse strategies, or structured products are involved.",
    "confidence": 95
}