{
    "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 World Value ESG UCITS ETF aims to replicate the MSCI World Value Low Carbon SRI Screened Select Index by physically buying all or a substantial number of the 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 the KIID, PRIIPs KID, or factsheet. 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 developed market equities, which are liquid and transparent. The risk profile is medium (category 6 in KIID, 4/7 in PRIIPs), reflecting market volatility and value factor exposure, but not complexity from derivatives or structured products. Costs are straightforward with a single ongoing charge of 0.25% and no performance fees or swap fees. No significant counterparty risk or complex fee structures are disclosed. The index tracked is rules-based with ESG and value factor screens but does not involve complex structured indices or contingent bonds. No PRIIPs comprehension warnings or complexity flags are present. Therefore, the ETF is classified as non-complex under MiFID II."
}