{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Emerging Markets Climate Transition UCITS ETF",
    "investment_objective": "To replicate the performance of the MSCI Emerging Markets Select Sustainability Screened CTB Index, which tracks large and medium capitalization companies in emerging markets meeting EU Climate Transition Benchmark standards.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global Emerging Markets",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication 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 or inverse exposure indicated. The underlying assets are large and mid-cap equities in emerging markets, which are liquid and transparent securities. The risk profile is medium (4 out of 7), consistent with equity market risk in emerging markets, but not indicative of complexity. No capital protection or structured features are present. Costs are straightforward with a single ongoing charge of 0.16% and no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The index tracked is ESG-screened but does not involve complex structured products or contingent bonds. Therefore, the ETF does not meet the MiFID II criteria for a complex financial instrument."
}