{
    "fund_name": "Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "synthetic",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": true,
    "complex_factors": [
        "Inverse exposure",
        "Synthetic replication",
        "Swap usage",
        "Counterparty risk"
    ],
    "classification": "complex",
    "supporting_data": "The ETF uses synthetic replication via swaps to achieve inverse exposure to the Euro Stoxx 50 index. Key indicators of complexity include: (1) Inverse exposure (short daily performance), (2) Synthetic replication using derivatives (swap agreements), (3) Counterparty risk from derivative transactions, and (4) The fund's risk profile (category 6) indicating high volatility and potential for significant losses. The PRIIPs KID and factsheet confirm the use of derivatives and inverse strategies, reinforcing the classification as complex under MiFID II.",
    "confidence": 95
}