{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI World UCITS ETF 2D - GBP Hedged",
    "investment_objective": "Track the MSCI Total Return Net World Index performance while minimizing currency fluctuations at share class level",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global developed markets (Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, UK, USA)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses direct physical replication of the MSCI Total Return Net World Index, holding large and mid-cap equities from developed markets. The fund employs derivatives only for currency hedging purposes, 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 funded/unfunded swap structures. No leverage or inverse exposure is present. The risk profile is medium (4 out of 7), consistent with a straightforward equity index tracker. The fund is UCITS compliant, with low ongoing charges (0.17%) and no performance fees. Securities lending is minimal and does not add complexity. The PRIIPs KID confirms medium risk and no comprehension warnings. The factsheet confirms physical replication and no synthetic or swap-based replication. The underlying assets are liquid, transparent equities without complex structured products or contingent bonds. No capital protection or structured features are present. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use solely for currency risk management, which does not increase complexity classification."
}