{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI EMU Screened UCITS ETF",
    "investment_objective": "Track the performance of the MSCI EMU Select Screened Index by physical replication",
    "primary_asset_class": "Equity",
    "geographic_focus": "European Economic and Monetary Union (EMU) developed market countries",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate the MSCI EMU Select Screened Index primarily through physical replication by buying all or a substantial number of the underlying securities. The factsheet explicitly states 'Direct Replication (physically)'. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy. Derivatives may be used only for risk management purposes, which does not trigger complexity under MiFID II. The fund is UCITS compliant, with a straightforward index-tracking objective focused on large and mid-cap equities in the EMU region with ESG screening. The risk profile is medium (category 4 out of 7), consistent with equity market exposure, and there is no leverage or inverse exposure. No capital protection or structured features are present. Costs are simple, with a low ongoing charge (0.12%) and no performance fees or swap fees. The PRIIPs KID does not contain any comprehension warnings or complexity flags. The index tracked is a rules-based ESG screened equity index without complex derivatives embedded. The fund engages in securities lending, but this is standard and does not increase complexity. Overall, the ETF exhibits characteristics of a non-complex financial instrument under MiFID II."
}