{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Europe ESG UCITS ETF",
    "investment_objective": "Track the MSCI Europe Low Carbon SRI Selection Index, a rules-based ESG screened index of large and mid-cap European equities with low carbon exposure",
    "primary_asset_class": "equity",
    "geographic_focus": "Europe (developed markets)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the MSCI Europe Low Carbon SRI Selection Index by buying all or a substantial number of the underlying securities, as confirmed in the KIID and factsheet. There is no mention of synthetic replication, swap agreements, or total return swaps. The fund may use derivatives only for risk management purposes, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The underlying assets are large and mid-cap European equities, liquid and transparent. No capital protection or structured features are present. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 out of 7 in KIID, reflecting market volatility rather than complexity). Costs are straightforward with a single ongoing charge of 0.20% and no performance fees or swap fees. The PRIIPs KID does not contain any comprehension warnings or complexity flags. The index tracked is rules-based with ESG and low carbon criteria but does not involve complex derivatives or contingent bonds. Overall, the fund is a straightforward physical equity ETF with minimal derivative use for risk management, no leverage, and no complex underlying assets, thus classified as non-complex under MiFID II."
}