{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers Developed Green Real Estate ESG UCITS ETF",
    "investment_objective": "To reflect the performance, before fees and expenses, of the Dow Jones Developed Green Real Estate Index, which tracks listed equity securities issued by real estate companies including REITs from global developed markets meeting ESG criteria.",
    "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 uses direct physical replication by buying all or a substantial number of the securities in the index, as confirmed by the factsheet. 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 exposure, or capital protection features. The underlying assets are listed equities and REITs, which are liquid and transparent. The risk profile is medium-high (5/7) due to market and sector risks inherent in real estate equities, but not due to structural complexity. Costs are straightforward with a simple ongoing charge of 0.18% and no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The index tracked is a standard ESG screened real estate equity index without complex structured products or contingent bonds. Therefore, the ETF is classified as non-complex under MiFID II."
}