{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Europe Screened UCITS ETF",
    "investment_objective": "Track the performance of the MSCI Europe Select Screened Index, a large and mid-cap European equity index with ESG screening and carbon emission reduction rules",
    "primary_asset_class": "equity",
    "geographic_focus": "developed European countries",
    "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 Select Screened Index by buying all or a substantial number of the underlying securities. There is no mention of synthetic replication, swap agreements, or total return swaps. 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. The risk profile is relatively high (category 6 in KIID, 5 in PRIIPs) due to equity market volatility and ESG screening but does not stem from structural complexity. No leverage, inverse or amplified return features are present. The underlying assets are large and mid-cap European equities, liquid and transparent. No capital protection or structured features are described. Costs are straightforward with a low ongoing charge (0.12%) and no performance fees or swap fees. Securities lending is minimal and disclosed transparently. 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. The index tracked is a standard MSCI equity index with ESG overlays, not a complex or contingent bond index. Therefore, the ETF is classified as non-complex under MiFID II criteria."
}