{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Europe Communication Services Screened UCITS ETF",
    "investment_objective": "To replicate the performance of the MSCI Europe Communication Services 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 European markets",
    "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 Communication Services 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 classification. There is no leverage, inverse or amplified exposure. The underlying assets are large and mid-cap equities in developed European markets, screened for ESG criteria, with no complex structured products or contingent bonds. The risk profile is medium (category 4 out of 7 in PRIIPs KID), consistent with equity market risk but not indicative of complexity. Costs are straightforward with a single ongoing charge of 0.17% and no performance fees or swap fees. The fund is UCITS compliant and open-ended with daily liquidity. The factsheet confirms direct physical replication and no use of swaps or synthetic structures. No capital protection or structured features are present. The PRIIPs KID does not contain any comprehension warnings or complexity flags. Overall, the fund exhibits a clear, linear relationship to the underlying index performance and invests directly in liquid, transparent securities, meeting the criteria for non-complex classification under MiFID II."
}