{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "inverse": false,
    "derivatives": false,
    "swaps": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Xtrackers S&P 500 Equal Weight Scored & Screened UCITS ETF aims to replicate an ESG-screened equal weight S&P 500 index by physically purchasing all or a substantial number of the underlying securities. The fund uses derivatives only for currency hedging purposes to reduce 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 mention of synthetic replication, swap agreements, total return swaps, or counterparty risk exposure. The fund is UCITS compliant and employs direct physical replication. The risk profile is relatively high (category 6 in the KIID) due to equity market exposure and index concentration risks, but this does not stem from structural complexity or derivative usage. Costs are straightforward with a single ongoing charge of 0.22% and no performance fees or complex fee structures. The factsheet confirms direct replication and derivative use limited to currency hedging, with no leverage or inverse exposure. No capital protection or structured features are present. The index tracked is rules-based but transparent and liquid, with no complex underlying assets such as contingent convertible bonds or CLOs. The PRIIPs KID does not include any comprehension warnings or complexity flags beyond normal market risks. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}