{
    "fund_name": "Xtrackers MSCI EMU UCITS ETF",
    "isin": "LU0846194776",
    "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 MSCI EMU index, which consists of large and mid-cap equities from developed EMU markets. The fund does not employ leverage, inverse strategies, or synthetic replication methods. While it may use derivatives for risk management and cost reduction, these are not the primary investment strategy and do not introduce significant complexity. The fund's risk profile is classified as category 6, indicating higher volatility but not necessarily complexity. The underlying index is rules-based and transparent, and the fund's disclosure practices are comprehensive. The fact that the ETF is UCITS-compliant further supports its non-complex classification under MiFID II.",
    "confidence": 95
}