{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers Future Mobility UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers Future Mobility UCITS ETF is a UCITS-compliant ETF that physically replicates the Nasdaq Global Future Mobility Index by buying all or a substantial number of the underlying securities. The fund uses physical replication as confirmed by the factsheet. Although the KIID mentions that the fund 'may employ techniques and instruments in order to manage risk, reduce costs and improve results' including derivatives, this is clearly for risk management purposes rather than as an inherent part of the investment strategy, so derivatives are not considered a complexity driver here. There is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The fund does not use leverage or inverse strategies, and there are no capital protection or structured product features. The underlying assets are equities from developed and emerging markets, screened for ESG criteria, with no complex structured products or contingent convertible bonds involved. The risk profile is medium-high (category 5 out of 7), reflecting market volatility and sector concentration risk, but not complexity from derivatives or leverage. Costs are straightforward with a single ongoing charge of 0.35% and no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms direct physical replication and no use of swaps. Therefore, the fund is classified as non-complex under MiFID II criteria."
}