{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI World ESG UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "inverse": false,
    "derivatives": false,
    "swaps": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fund physically replicating the MSCI World Low Carbon SRI Selection Index by direct purchase of a substantial number of underlying securities. The fund uses derivatives only for currency hedging purposes to reduce exchange rate fluctuations between the fund's assets (USD) and the share class currency (EUR hedged). There is no indication of synthetic replication, swap agreements, or total return swaps. The fund does not employ leverage or inverse strategies. The underlying assets are large and mid-cap equities from developed markets with ESG and low carbon criteria, which are liquid and transparent. The risk profile is medium (category 4 out of 7), consistent with equity market exposure, and there are no capital protection or structured features. Costs are straightforward with a single ongoing charge of 0.25% and no performance fees. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The factsheet confirms physical replication and no use of swaps for index replication. Overall, the fund exhibits a clear, linear relationship to the underlying index performance with minimal derivative use solely for currency risk management, which under MiFID II does not trigger complexity classification. Therefore, the ETF is classified as non-complex."
}