{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "inverse": false,
    "derivatives": false,
    "swaps": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Xtrackers MSCI Global SDG 3 Good Health UCITS ETF aims to track the MSCI ACWI IMI SDG 3 Good Health and Well-being Select Index by physical replication, buying all or a substantial number of the underlying securities. The factsheet explicitly states 'Direct Replication (physically)', and 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, inverse exposure, or capital protection features. The underlying assets are equities globally diversified across large, mid, and small caps with ESG and SDG 3 thematic screening, but no complex structured products or contingent convertible bonds are held. The risk profile is relatively high (category 6 in KIID) due to equity market volatility and emerging market exposure, but this reflects market risk rather than structural complexity. Costs are straightforward with a single ongoing charge of 0.35% and no performance fees or swap fees. The PRIIPs KID confirms no complexity warnings or comprehension warnings. Overall, the fund exhibits a clear, linear relationship to the underlying index performance with physical holdings and minimal derivative use, leading to a non-complex classification under MiFID II."
}