{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The Xtrackers MSCI Mexico UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent, well-documented equity index (MSCI Mexico TRN). It does not use derivatives as an inherent part of its investment strategyu2014derivative use, if any, is limited to efficient portfolio management (EPM) with minimal impact on risk-return, as disclosed in the KID. There is no evidence of synthetic replication, embedded derivatives, leverage beyond UCITS limits, or other complex features. The ETFu2019s structure, risks, and objectives are straightforward and easily understood by retail investors with basic knowledge. Securities lending is disclosed but does not dominate the risk profile. The ETF is authorized and regulated in Luxembourg, and comprehensive information about its holdings and risks is publicly available. Under MiFID II, all UCITS are automatically non-complex unless they are structured UCITS or fail the Article 57 criteriau2014neither applies here[1]. The absence of complex replication, embedded derivatives, or other opaque features supports a non-complex classification."
}