{
    "fund_name": "Xtrackers Stoxx Europe 600 UCITS ETF",
    "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 (direct investment in underlying securities) as confirmed in the factsheet. While the KIID mentions potential derivative usage for currency hedging, this is standard practice for hedged share classes and does not indicate complex derivative strategies. The index (STOXX Europe 600) is a straightforward equity index with no complex features. The fund has a low ongoing charge (0.25%) and no leverage or inverse exposure. The risk profile (category 6) reflects typical equity market risk rather than derivative-related complexity. The factsheet confirms direct replication (physically) and no swap-based replication. No capital protection mechanisms or structured features are present. The fund's complexity factors align with standard equity ETFs, making it suitable for retail investors.",
    "confidence": 95
}