{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI World Minimum Volatility ESG UCITS ETF",
    "investment_objective": "To replicate the MSCI World Minimum Volatility Low Carbon SRI Screened Select Index by buying all or a substantial number of the securities in the index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global Developed Markets (Large and Mid-Cap companies)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the MSCI World Minimum Volatility Low Carbon SRI Screened Select Index by direct purchase of underlying securities, as confirmed by the factsheet stating 'Direct Replication (physically)'. 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 or amplified exposure. The underlying assets are large and mid-cap equities from developed markets, screened for ESG criteria, with no complex structured products or contingent bonds. The risk profile is medium (4 out of 7), consistent with equity market risk but not indicative of complexity. Costs are straightforward with a single ongoing charge of 0.25% and no performance fees or swap fees. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The index tracked is rules-based and optimized for low volatility but does not involve complex derivatives or structured features. Therefore, the ETF is classified as non-complex under MiFID II."
}