{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Global SDGs UCITS ETF",
    "investment_objective": "To track the performance of the MSCI ACWI IMI SDG Impact Select Index, which reflects large, medium, and small-cap global companies positively contributing to the UN Sustainable Development Goals (SDGs).",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global (Developed and 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 by buying all or a substantial number of the underlying securities in the MSCI ACWI IMI SDG Impact Select Index. There is no mention of synthetic replication, swap agreements, or total return swaps. The fund may use derivatives only for risk management purposes, not as an inherent part of the investment strategy, which does not trigger complexity under MiFID II. There is no leverage or inverse exposure. The underlying assets are equities, including small and mid-cap companies globally, with ESG and SDG screening criteria applied. The risk profile is medium (category 4 out of 7 in PRIIPs KID), consistent with a straightforward equity ETF. No capital protection or structured features are present. Costs are simple with a single ongoing charge (0.35%) and no performance fees or swap fees. The factsheet confirms direct physical replication and no use of swaps or synthetic structures. The index tracked is a standard MSCI index with ESG and SDG overlays, which does not add complexity in terms of derivatives or structured products. No references to roll costs, contango, or backwardation effects are present, which are typical complexity indicators in commodity or leveraged ETFs. The PRIIPs KID does not carry any comprehension warnings or complexity flags beyond normal equity market risks. Therefore, the ETF is classified as non-complex under MiFID II."
}