{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF",
    "investment_objective": "To replicate the Solactive ISS ESG Emerging Markets Net Zero Pathway Index by buying all or a substantial number of the securities in the index, aiming for alignment with EU Paris-aligned Benchmark standards and net zero frameworks.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global 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 directly purchasing a substantial number of underlying securities from the Solactive ISS ESG Emerging Markets Net Zero Pathway 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, so derivatives are marked false. There is no leverage or inverse exposure. The underlying assets are large and mid-cap equities in emerging markets, which are liquid and transparent. The risk profile is medium (4 out of 7), consistent with equity market risk but not indicating complexity. No capital protection or structured features are present. Costs are straightforward with a single ongoing charge of 0.20% and no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms direct physical replication and no use of swaps or synthetic structures. Overall, the fund exhibits a clear, linear relationship to the underlying index performance and invests directly in liquid equity securities, meeting the criteria for non-complex classification under MiFID II."
}