{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Japan Screened UCITS ETF",
    "investment_objective": "Track the performance of the MSCI Japan Select Screened Index while minimizing foreign currency fluctuations at share class level",
    "primary_asset_class": "Equity",
    "geographic_focus": "Japan",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication by buying all or a substantial number of the securities in the MSCI Japan Select Screened Index. The fund employs derivatives only for currency hedging purposes to reduce foreign exchange risk, not as an inherent part of the investment strategy, which does not trigger complexity under MiFID II. There is no use of synthetic replication, total return swaps, or other derivative instruments for index replication. The fund is UCITS compliant, with a straightforward index-tracking objective investing directly in liquid, transparent Japanese equities. The risk profile is medium-high (risk level 5 out of 7), reflecting market and regional concentration risks, but no leverage or complex structured products are involved. Costs are simple, with no performance fees or swap fees, and securities lending is minimal and disclosed. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms direct physical replication and derivative use limited to currency hedging. Therefore, the fund does not meet the MiFID II criteria for a complex financial instrument."
}