{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI World Information Technology UCITS ETF",
    "investment_objective": "To replicate the performance, before fees and expenses, of the MSCI World Information Technology 20/35 Custom Index by buying all or a substantial number of the securities in the index.",
    "primary_asset_class": "Equity",
    "geographic_sector_focus": "Global developed markets, Information Technology sector",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication by directly purchasing a substantial number of the underlying securities of the MSCI World Information Technology 20/35 Custom Index. 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 under MiFID II. There is no leverage, inverse or amplified exposure. The underlying assets are large and mid-cap equities in the IT sector, which are liquid and transparent. No capital protection or structured features are present. The risk profile is medium-high (5/7), consistent with equity sector concentration risk, but not indicative of complexity. Costs are straightforward with a simple TER of 0.25%, no performance fees, and minimal securities lending revenue. The PRIIPs KID does not contain any comprehension warnings or complexity flags. The factsheet confirms direct physical replication and no use of swaps or synthetic structures. Therefore, the ETF is classified as non-complex under MiFID II."
}