{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI World High Dividend Yield ESG UCITS ETF",
    "investment_objective": "To replicate the performance of the MSCI World High Dividend Yield 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": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses direct 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, inverse or amplified exposure language present. The underlying assets are large- and mid-cap equities from developed markets, which are liquid and transparent. The fund is UCITS compliant, with a straightforward index-tracking objective based on an MSCI ESG screened index. Risk profile is medium (4/7), consistent with equity market risk but not indicative of complexity. Costs are simple with a single ongoing charge of 0.25% and no performance fees or swap fees. No capital protection or structured features are present. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The index tracked is rules-based but not complex or contingent. Overall, the fund exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms."
}