{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI USA Information Technology UCITS ETF",
    "investment_objective": "To track the performance, before fees and expenses, of the MSCI USA Information Technology 20/35 Custom Index by buying all or a substantial number of the securities in the index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "United States of America",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication by directly purchasing a substantial number of the underlying securities in the MSCI USA Information Technology 20/35 Custom Index. There is no mention of synthetic replication, swap agreements, or total return swaps. The fund may use derivatives only for risk management purposes, which does not trigger complexity classification. There is no leverage, inverse or amplified exposure. The underlying assets are large and medium-sized US technology equities, which are liquid and transparent. The risk profile is medium-high (5/7) due to sector concentration and market volatility, not due to structural complexity. No capital protection or structured features are present. Costs are straightforward with a low ongoing charge (0.12%) and no performance fees or swap fees. Securities lending is minimal and does not add complexity. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms direct physical replication and no use of swaps or synthetic structures. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}