{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers MSCI Canada Screened UCITS ETF (1C) is classified as non-complex under MiFID II based on the following analysis: 1. Physical Replication: The fund uses direct physical replication of the MSCI Canada Select Screened Index, as confirmed in the factsheet ('Direct Replication (physically)'). 2. No Derivative Usage: While the KIID mentions the possibility of using derivatives for risk management, the factsheet explicitly states physical replication and lists no derivative exposure. 3. No Leverage or Inverse Exposure: The fund has no leverage or inverse strategies. 4. UCITS Compliance: The fund is UCITS-compliant, which inherently limits complexity. 5. Transparent Index: The underlying index is a straightforward equity index with ESG screening, not a complex or synthetic index. 6. Low Tracking Error: The fund aims for a tracking error of 1%, indicating a simple replication strategy. 7. No Capital Protection: There are no capital protection mechanisms or structured features. 8. Risk Profile: The risk profile is categorized as 6/7, which is moderate but not indicative of complexity. The fund's straightforward physical replication, lack of derivative exposure, and transparent index make it suitable for retail investors without requiring specialist knowledge.",
    "confidence": 95
}