{
    "fund_name": "Xtrackers USD Corporate Bond UCITS ETF",
    "isin": "IE00BZ036H21",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Investment grade corporate bonds",
        "Direct replication (physically)",
        "No leverage or inverse exposure",
        "No synthetic replication or swap usage",
        "Transparent index methodology"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Bloomberg USD Liquid Investment Grade Corporate Index, which consists of investment-grade corporate bonds with maturities of at least 3 years. The fund does not employ leverage, inverse strategies, or synthetic replication methods. The index methodology is transparent, and the fund's risk profile is straightforward, focusing on credit and interest rate risks typical of corporate bond investments. The absence of derivatives beyond efficient portfolio management (e.g., hedging) and the clear, liquid nature of the underlying assets support the non-complex classification.",
    "confidence": 95
}