{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers FTSE 100 UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers FTSE 100 UCITS ETF is a UCITS-compliant ETF that physically replicates the FTSE 100 index by direct purchase of underlying securities, as confirmed by the factsheet stating 'Direct Replication (physically)'. The investment objective is straightforward: to track the FTSE 100 index, which consists of the 100 largest UK companies by market capitalization. The KIID and PRIIPs KID documents mention that the fund may use derivatives only for risk management purposes, not as an inherent part of the investment strategy, and there is no indication of synthetic replication or swap usage. There is no leverage, inverse exposure, or capital protection features. The risk indicator is moderate (4 out of 7), consistent with a physical equity ETF. Costs are simple, with a low ongoing charge of 0.09% and no performance fees or swap fees. Securities lending is minimal and does not add complexity. The underlying assets are large-cap UK equities, liquid and transparent, with no complex structured products or contingent bonds. No references to complex indices, leverage, or derivative counterparty risk are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}