{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Europe Materials Screened UCITS ETF",
    "investment_objective": "To replicate the performance of the MSCI Europe Materials Screened 20-35 Select Index by buying all or a substantial number of the securities in the index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Europe",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication by directly purchasing a substantial number of the underlying securities in the MSCI Europe Materials Screened 20-35 Select Index. 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 or amplified exposure. The underlying assets are large and mid-cap European equities in the materials sector, screened for ESG criteria, with no complex structured products or contingent bonds. The risk profile is medium-high (category 5), reflecting market and sector concentration risks, but not complexity from derivatives or leverage. Costs are straightforward with a low ongoing charge (0.17%) and no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms direct physical replication and no use of swaps. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, invests in liquid, transparent securities, and does not employ complex strategies or capital protection features. Therefore, it is classified as non-complex under MiFID II."
}