{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Europe Consumer Staples Screened UCITS ETF",
    "investment_objective": "To replicate the performance of the MSCI Europe Consumer Staples 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 physically replicates the MSCI Europe Consumer Staples Screened 20-35 Select Index by direct purchase of underlying securities, as confirmed by the factsheet stating 'Direct Replication (physically)'. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy. Derivatives may be used only for risk management purposes, which does not trigger complexity under MiFID II. The fund is UCITS compliant and invests in large and mid-cap European consumer staples equities, which are liquid and transparent. There is no leverage, inverse exposure, or capital protection mechanism. The risk profile is medium (4 out of 7 in PRIIPs KID), consistent with equity market risk but not indicative of complexity. Costs are straightforward with a low ongoing charge (0.17%) and no performance fees or swap fees. The index tracked is rules-based and ESG screened but does not involve complex structured products or contingent bonds. No significant counterparty risk or collateral management risks are disclosed. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance with minimal derivative use limited to risk management, physical replication, and no leverage or synthetic structures, leading to a non-complex classification under MiFID II."
}