{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Europe Climate Transition UCITS ETF",
    "investment_objective": "To replicate the performance of the MSCI Europe Select Sustainability Screened CTB Index, which tracks large and medium capitalization companies in developed European markets meeting EU Climate Transition Benchmarks and ESG criteria.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Europe - Developed Markets",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication by directly purchasing a substantial number of the underlying securities in the MSCI Europe Select Sustainability Screened CTB Index, as confirmed by the factsheet and KIID. There is no mention of synthetic replication, swap agreements, or total return swaps. 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, which are liquid and transparent. The risk profile is medium (category 4 out of 7), consistent with equity market risk but not indicative of complexity. No capital protection or structured features are present. Costs are straightforward with a low ongoing charge of 0.12% and no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The index tracked is ESG and climate-transition focused but does not involve complex structured products or contingent bonds. Overall, the fund exhibits a clear, linear relationship to the underlying index performance with minimal derivative use and no leverage, supporting a non-complex classification."
}