{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Next Generation Internet Innovation UCITS ETF",
    "investment_objective": "Track the performance of the MSCI ACWI IMI Next Generation Internet Innovation Select Screened 100 Index",
    "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 securities in the index, as confirmed by the factsheet and KIID. There is no mention of synthetic replication, swap agreements, or funded/unfunded swaps. The fund may use derivatives only for risk management purposes, which does not trigger complexity classification. There is no leverage, inverse or amplified exposure. The underlying assets are equities, primarily large, mid, and small-cap companies globally focused on internet innovation, with ESG screening applied. The risk profile is medium-high (5/7) due to market volatility and emerging markets exposure, but this is typical for equity ETFs and does not indicate complexity under MiFID II. No capital protection or structured features are present. Costs are straightforward with a single ongoing charge of 0.30% and no performance fees or swap fees. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The index tracked is a thematic equity index with ESG criteria but does not involve complex derivatives or contingent bonds. Therefore, the ETF is classified as non-complex under MiFID II."
}