{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF",
    "investment_objective": "To reflect the performance of the Solactive ISS ESG Developed Markets Eurozone Net Zero Pathway Index by physical replication of the underlying securities, with ESG screening and weighting to align with EU Paris-aligned Benchmark standards.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed market countries in the European Economic and Monetary Union",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the Solactive ISS ESG Developed Markets Eurozone Net Zero Pathway Index by buying all or a substantial number of the underlying securities. 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, inverse exposure, or capital protection features. The underlying assets are large and mid-cap equities from developed European markets, which are liquid and transparent. The risk profile is medium (category 4 out of 7) in the PRIIPs KID, consistent with a straightforward equity ETF. Costs are simple with a single ongoing charge of 0.19% and no performance fees or swap fees. The factsheet confirms direct physical replication and no use of swaps. No complex structured products or contingent bonds are held. The index tracked is ESG-screened but does not involve complex derivatives or structured indices. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Therefore, the ETF does not meet the MiFID II criteria for a complex financial instrument."
}