{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Physical replication of a straightforward equity index",
        "No leverage or inverse exposure",
        "No complex underlying assets",
        "No capital protection mechanisms"
    ],
    "classification": "non-complex",
    "supporting_data": "The AMUNDI DAX UCITS ETF Dist is a physically replicated ETF tracking the DAX Index, which consists of 40 large-cap German equities. The KIID and factsheet confirm direct investment in underlying securities with minimal derivative usage (only for managing inflows/outflows and securities lending). The risk profile is straightforward (SRRI 3/7), and there are no signs of synthetic replication, leverage, or complex structured features. The fund is UCITS-compliant, further supporting its non-complex classification under MiFID II.",
    "confidence": 95
}