{
    "fund_name": "Xtrackers Nikkei 225 UCITS ETF",
    "isin": "LU0839027447",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Nikkei 225 index, investing directly in the underlying securities. There is no mention of synthetic replication, swaps, or leverage. The fund's investment policy focuses on direct investment in Japanese equities, and the factsheet confirms 'Direct Replication (physically)'. The risk profile is straightforward, with no complex structures or capital protection mechanisms. The use of derivatives is limited to efficient portfolio management (e.g., securities lending), which does not trigger complexity under MiFID II. The fund is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 95
}