{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Europe Financials Screened UCITS ETF",
    "investment_objective": "To replicate the performance of the MSCI Europe Financials Screened 20-35 Select Index by buying all or a substantial number of the securities in the index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed markets in 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 Financials 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 or inverse exposure. The underlying assets are large and mid-cap European financial sector equities, which are liquid and transparent. The fund is UCITS compliant, with a straightforward index-tracking objective and a low ongoing charge of 0.17%. Risk disclosures indicate a medium-high risk profile (5/7) due to sector concentration and market volatility, but no complexity flags such as capital protection, structured features, or contingent bonds are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms direct physical replication and no use of swaps or synthetic structures. Therefore, the fund does not meet the MiFID II criteria for a complex financial instrument."
}