{
    "fund_name": "Xtrackers Euro Stoxx 50 UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Direct replication of Euro Stoxx 50 index",
        "No leverage or inverse exposure",
        "No capital protection mechanisms",
        "No complex underlying assets",
        "No significant counterparty risk"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Euro Stoxx 50 index, which consists of 50 large Eurozone companies. The KIID and factsheet confirm direct investment in equities with no mention of synthetic replication, swaps, or leverage. The fund's risk profile (category 6) reflects typical equity market volatility but does not indicate complexity beyond standard equity investments. The use of derivatives is limited to risk management (not for strategy), and the fund's low ongoing charges (0.09%) and transparent structure support a non-complex classification. The factsheet explicitly states 'Direct Replication (physically)' and lists the top 10 holdings, reinforcing the straightforward nature of the investment.",
    "confidence": 95
}