{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Global X FinTech UCITS ETF",
    "investment_objective": "To replicate the performance of the Indxx Global FinTech Thematic v2 Index by investing primarily in equity securities of companies involved in financial technology products and services.",
    "primary_asset_class": "Equity",
    "geographic_sector_focus": "Developed markets, financial technology sector",
    "replication_method": "synthetic",
    "swaps": true,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [
        "Unfunded total return swaps",
        "Synthetic replication",
        "Counterparty risk"
    ],
    "classification": "complex",
    "supporting_data": "The Fund aims to replicate the Indxx Global FinTech Thematic v2 Index primarily through investing in equity securities but also uses financial derivative instruments, specifically total return 'unfunded' OTC swaps and exchange-traded equity futures for investment purposes. The use of unfunded total return swaps indicates synthetic replication rather than physical replication. The KIID and PRIIPs KID documents both confirm the presence of these swaps and mention counterparty risk associated with derivatives. The Fund does not employ leverage or inverse strategies, and derivatives are used as an inherent part of the investment strategy rather than solely for risk management, so 'derivatives' is marked false per instructions. The risk profile is high (7 in KIID, 5 in PRIIPs KID), reflecting volatility and derivative-related risks. No capital protection or structured features are present. Costs are straightforward with no performance fees, but securities lending is used. The synthetic replication and swap usage, combined with counterparty risk, drive the classification as complex under MiFID II. The underlying index tracks fintech equities, which are relatively liquid and transparent, but the synthetic replication method and swap counterparty exposure increase complexity. No leverage or inverse exposure is present, and the Fund is UCITS compliant."
}