{
    "fund_name": "Xtrackers CAC 40 UCITS ETF",
    "isin": "LU0322250985",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Direct replication of CAC 40 index",
        "No leverage or inverse exposure",
        "No capital protection mechanisms",
        "No complex structured products",
        "No significant counterparty risk exposure"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the CAC 40 index, which consists of 40 large-cap French equities. The fund does not use derivatives for leverage or inverse exposure, and there are no capital protection mechanisms or complex structured products. The risk profile is straightforward, with the main risks being market risk and concentration risk in French equities. The fund is UCITS-compliant, which typically indicates a lower complexity level. The fact sheet confirms direct replication (physically) and no swap usage. The risk profile is rated 6/7, but this is due to the underlying equity market risk rather than structural complexity.",
    "confidence": 95
}