{
    "fund_name": "Xtrackers MSCI Europe Financials Screened UCITS ETF",
    "isin": "LU0292103651",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Physical replication of index",
        "No leverage or inverse exposure",
        "No synthetic replication or swap usage",
        "Direct investment in European equities",
        "ESG screening methodology"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI Europe Financials Screened 20-35 Select Index, which consists of large and medium capitalisation companies in the financials sector across developed European markets. The fund does not use derivatives, swaps, or leverage, and its investment strategy is straightforward, focusing on direct investment in equities. The ETF is UCITS-compliant, which typically indicates a lower complexity level. The risk profile is clearly stated, and the fund's objectives and strategies are transparent and easily understandable for retail investors. The fact that the fund uses physical replication and does not employ complex derivative strategies further supports the non-complex classification.",
    "confidence": 95
}