{
    "fund_name": "Xtrackers MSCI China A Screened Swap UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "synthetic",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "complex_factors": [
        "Synthetic replication using swaps",
        "Counterparty risk exposure",
        "Complex index methodology"
    ],
    "classification": "complex",
    "supporting_data": "The ETF uses synthetic replication via swaps to achieve exposure to the MSCI China A Inclusion Select ESG Screened Index. Key complexity indicators include: (1) Synthetic replication with swap counterparty risk, (2) Complex index methodology with ESG screening and GHG intensity rules, (3) Counterparty risk disclosures in both KIID and factsheet, (4) Risk profile classified as category 6 (high risk), (5) Explicit mention of 'indirect replication (swap)' in the factsheet. While the fund has no leverage or inverse exposure, the synthetic structure and counterparty risk make it complex under MiFID II. The PRIIPs KID would likely contain a comprehension warning, further supporting the complex classification.",
    "confidence": 90
}