{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers Japan Net Zero Pathway Paris Aligned UCITS ETF",
    "investment_objective": "To passively replicate the Solactive ISS ESG Japan Net Zero Pathway Index, which tracks large and mid-cap Japanese companies aligned with EU Paris Aligned Benchmark standards and net zero frameworks.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Japan",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF uses direct physical replication by purchasing all or a substantial number of the underlying securities in the index, as confirmed by the factsheet. There is no mention of synthetic replication, swap agreements, or total return swaps in any of the documents. 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 large and mid-cap Japanese equities, which are liquid and transparent. The risk profile is medium (4 out of 7), consistent with equity market risk, without additional complexity flags. Costs are straightforward with a simple ongoing charge of 0.15% and no performance fees or swap fees. The PRIIPs KID does not contain any comprehension warnings or complexity flags. The index tracked is ESG and Paris-aligned but does not involve complex structured products or contingent bonds. Therefore, the ETF is classified as non-complex under MiFID II."
}