{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Global X Solar UCITS ETF",
    "investment_objective": "To provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the Solactive Solar v2 Index.",
    "primary_asset_class": "Equity",
    "geographic_sector_focus": "Global exposure to companies involved in solar technology and solar power production",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Global X Solar UCITS ETF is a UCITS-compliant equity ETF that physically replicates the Solactive Solar v2 Index by investing directly in equities of companies involved in solar power production, solar technology, solar installation, and solar energy materials. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes, only limited use of derivatives for hedging currency risk, which does not trigger complexity under MiFID II. The fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or structured products. The risk profile is medium-high (5 out of 7), reflecting market volatility rather than structural complexity. Costs are straightforward with a capped ongoing charge of 0.50%, no performance fees, and no swap or derivative fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet and KIID confirm physical replication and no use of swaps or synthetic structures. Therefore, the ETF is classified as non-complex under MiFID II."
}