{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI World Quality UCITS ETF",
    "investment_objective": "To reflect the performance, before fees and expenses, of the MSCI World Sector Neutral Quality (USD) Index by buying all or a substantial number of the securities in the index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global 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 World Sector Neutral Quality Index by direct purchase of underlying securities, as confirmed by the factsheet stating 'Portfolio Methodology: Direct Replication (physically)'. The fund may use derivatives only for risk management purposes, not as an inherent part of the investment strategy, thus derivatives are marked false. There is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The fund is UCITS compliant and invests in liquid, large and mid-cap equities from developed markets. There is no leverage, inverse or amplified exposure. The risk profile is medium (4 out of 7) in the PRIIPs KID, consistent with a standard equity ETF. Costs are straightforward with a TER of 0.25%, no performance fees, and minimal securities lending revenue. No capital protection or structured features are present. The index tracked is rules-based but does not involve complex structured products or contingent bonds. No complexity flags such as contingent convertible bonds, leverage, or swap usage are identified. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}