{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF is a UCITS-compliant ETF that physically replicates the MSCI ACWI IMI SDG 12 Responsible Consumption and Production Select Index by buying all or a substantial number of the underlying securities. There is no indication of synthetic replication or use of swap agreements or total return swaps. The fund may use derivatives only for risk management purposes, which does not trigger complexity under MiFID II. There is no leverage, inverse exposure, or capital protection features mentioned. The underlying assets are equities (large, mid, and small cap) globally, with ESG and SDG 12 thematic screening, but no complex structured products or contingent bonds. The risk profile is medium (category 4 out of 7), consistent with equity market risk, without extensive derivative or counterparty risk disclosures. Fees are straightforward with a single ongoing charge of 0.35%, no performance fees, and no swap or derivative fees. The factsheet confirms direct physical replication and no swap usage. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use for risk management only, and no leverage or complex features. Therefore, it is classified as non-complex under MiFID II."
}