{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers S&P 500 Equal Weight UCITS ETF",
    "investment_objective": "To replicate the performance of the S&P 500 Equal Weight Index by buying all or a substantial number of the securities in the index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "United States",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate the S&P 500 Equal Weight Index by direct physical replication, purchasing all or a substantial number of the underlying securities. The KIID and PRIIPs KID documents confirm the use of physical replication and only mention derivatives as risk management tools, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or counterparty risk related to derivatives. The fund does not employ leverage or inverse strategies, and the risk profile is high (category 5-6) due to equity market volatility, not due to structural complexity. The fund is UCITS compliant, with a straightforward index-tracking objective investing in liquid, transparent US equities. Costs are simple with a TER of 0.20%, no performance fees, and minimal securities lending revenue. The factsheet confirms direct physical replication and no use of swaps. No capital protection or structured features are present. The complexity indicators such as synthetic replication, leverage, contingent bonds, or capital protection mechanisms are absent. Therefore, under MiFID II, this ETF is classified as non-complex."
}