{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Japan ESG UCITS ETF",
    "investment_objective": "Track the MSCI Japan Low Carbon SRI Selection Index, a rules-based ESG and low carbon exposure index of large and mid-cap Japanese equities",
    "primary_asset_class": "Equity",
    "geographic_focus": "Japan",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the MSCI Japan 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 or inverse exposure. The underlying assets are large and mid-cap Japanese equities with ESG and low carbon criteria, which are liquid and transparent. No capital protection or structured features are present. The risk profile is moderately high (category 5 or 6 depending on document) due to equity market exposure and concentration risk in Japan, but this does not imply complexity under MiFID II. Costs are straightforward with a simple 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 but not inherently complex or structured. Therefore, the ETF is classified as non-complex under MiFID II criteria."
}