{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Canada Screened UCITS ETF",
    "investment_objective": "To reflect the performance of the MSCI Canada Select Screened Index by physical replication of underlying securities",
    "primary_asset_class": "Equity",
    "geographic_focus": "Canada",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the MSCI Canada 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, so derivatives are marked false. There is no leverage or inverse exposure. The underlying assets are large and mid-cap Canadian equities, which are liquid and transparent. The fund is UCITS compliant. Risk profile is medium-high (5/7) due to market concentration risk and equity volatility, but this does not imply complexity under MiFID II. Costs are straightforward with a TER of 0.35%-0.40%, no performance fees, and minor securities lending income. No capital protection or structured features are present. The PRIIPs KID does not contain any comprehension warnings or complexity flags. The factsheet confirms direct physical replication and no use of swaps or synthetic structures. Therefore, the ETF is classified as non-complex under MiFID II."
}