{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI World Screened UCITS ETF",
    "investment_objective": "Track the performance of the MSCI World Select Screened Index",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global developed markets (large and mid-cap companies)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the MSCI World Select Screened Index by direct purchase of underlying securities, as confirmed by the factsheet stating 'Direct Replication (physically)'. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or factsheet. 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. The underlying assets are large and mid-cap equities from developed markets, which are liquid and transparent. The risk profile is medium (4 out of 7), consistent with a straightforward equity index tracking ETF. Costs are simple with a TER of 0.19%, no performance fees, and no swap or derivative fees. No complexity flags such as contingent bonds, structured products, or significant counterparty risk are present. The PRIIPs KID does not carry any comprehension warnings or complexity disclaimers. Therefore, the ETF is classified as non-complex under MiFID II."
}