{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI USA Screened UCITS ETF",
    "investment_objective": "To track the performance of the MSCI USA Select Screened Index by physical replication of the underlying securities.",
    "primary_asset_class": "Equity",
    "geographic_focus": "USA",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the MSCI USA Select Screened Index by buying all or a substantial number of the underlying securities, as confirmed by 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, which does not trigger complexity classification. There is no leverage or inverse exposure. The underlying assets are large and mid-cap US equities with ESG screening, which are liquid and transparent. No capital protection or structured features are present. The risk profile is medium-high (category 5), reflecting market risk rather than structural complexity. Costs are straightforward with a low ongoing charge 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, under MiFID II criteria, this ETF is classified as non-complex."
}