{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Global SDG 9 Industry, Innovation & Infrastructure UCITS ETF",
    "investment_objective": "Track the performance before fees and expenses of the MSCI ACWI IMI SDG 9 Industry, Innovation and Infrastructure Select Index",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global (Developed and Emerging Markets)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to physically replicate the MSCI ACWI IMI SDG 9 Industry, Innovation and Infrastructure Select Index by buying all or a substantial number of the underlying securities. There is no mention of synthetic replication, swap agreements, or total return swaps. The fund may use derivatives only for risk management purposes, not as an inherent part of the investment strategy, which does not trigger complexity under MiFID II. There is no leverage, inverse or amplified exposure. The underlying assets are equities, including large, mid, and small caps globally, with ESG and SDG 9 thematic screening. The risk profile is medium-high (category 6) due to equity market volatility and emerging market exposure, but this is typical for equity ETFs and not indicative of structural complexity. No capital protection or structured features are present. Costs are straightforward with a single ongoing charge of 0.35% and no performance fees or swap fees. The factsheet confirms direct physical replication and no use of swaps. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF is a straightforward physical equity index tracker with ESG thematic focus, without synthetic or leveraged elements, and thus classified as non-complex under MiFID II."
}