{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers USA Net Zero Pathway Paris Aligned UCITS ETF",
    "investment_objective": "To replicate the Solactive ISS ESG United States Net Zero Pathway Index, which tracks large and mid-cap US companies aligned with EU Paris Aligned Benchmark standards and net zero frameworks using ESG criteria.",
    "primary_asset_class": "Equity",
    "geographic_focus": "United States",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the underlying index by buying all or a substantial number of the securities in the index, as confirmed by the factsheet stating 'Direct Replication (physically)'. There is no mention of synthetic replication, swap agreements, or total return swaps. The fund may use derivatives only for risk management purposes, which does not trigger complexity under MiFID II. There is no leverage or inverse exposure. The underlying assets are large and mid-cap US equities, which are liquid and transparent. The risk profile is medium-high (category 5 out of 7), reflecting market risk and concentration risk, but not complexity from derivatives or structured products. Costs are straightforward with a simple TER of 0.10% and no performance fees or swap fees. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund exhibits a clear, linear relationship to the underlying index performance with minimal derivative use and no leverage, qualifying it as non-complex under MiFID II."
}