{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers MSCI EMU ESG UCITS ETF aims to track the MSCI EMU Low Carbon SRI Selection Index by physically buying all or a substantial number of the underlying securities, as confirmed by the factsheet stating 'Direct Replication (physically)'. The KIID and PRIIPs documents mention that the fund may use derivatives for risk management or cost reduction, but this is not an inherent part of the investment strategy, and no synthetic replication or swap usage is indicated. There is no leverage, inverse exposure, or capital protection features. The underlying assets are large and mid-cap equities within the European Economic and Monetary Union, which are liquid and transparent. The risk profile is medium-high (category 5 out of 7), reflecting market risk rather than complexity. Costs are straightforward with a simple ongoing charge of 0.20% and no performance fees. No complex structured products or contingent bonds are held. There are no significant counterparty risks disclosed. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}