{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers FTSE MIB UCITS ETF aims to replicate the FTSE MIB index by direct physical replication, purchasing all or a substantial number of the underlying 40 Italian blue chip stocks. The KIID and PRIIPs KID documents confirm the fund is UCITS compliant and uses physical replication without synthetic or swap-based structures. The fund may use derivatives only for risk management purposes, not as an inherent part of the investment strategy, which does not trigger complexity under MiFID II. There is no leverage, inverse or amplified exposure. The risk profile is medium-high (5/7) reflecting market and regional concentration risks, not structural complexity. The factsheet confirms direct investment in equities, no use of swaps or synthetic replication, and a straightforward index methodology. No capital protection or structured features are present. Costs are simple with a flat ongoing charge of 0.30% and no performance fees or swap fees. There are no complexity flags such as contingent bonds, leverage, or significant counterparty risk. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}