{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers S&P 500 Equal Weight UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers S&P 500 Equal Weight UCITS ETF is a UCITS-compliant ETF that physically replicates the S&P 500 Equal Weight Index by buying all or a substantial number of the underlying securities. The fund uses derivatives only for currency hedging purposes to reduce the effect of exchange rate fluctuations between the fund's USD assets and the GBP share class currency, not as an inherent part of the investment strategy. There is no use of synthetic replication, total return swaps, or other derivative instruments for index replication. The fund does not employ leverage, inverse exposure, or capital protection mechanisms. The underlying assets are large-cap US equities, which are liquid and transparent. The risk profile is medium (risk level 4 out of 7), consistent with direct equity exposure and currency hedging, without complex derivative risk. Costs are straightforward with a single ongoing charge of 0.30% and no performance fees or swap fees. Securities lending is minimal and does not add complexity. The PRIIPs KID confirms the fund is suitable for retail investors with basic knowledge and does not carry a comprehension warning. The factsheet confirms direct physical replication and no synthetic or swap-based replication. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}