{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers DAX ESG Screened UCITS ETF",
    "investment_objective": "To reflect the performance of the DAX ESG Screened Index, a large-cap German equity index with ESG screening",
    "primary_asset_class": "equity",
    "geographic_focus": "Germany / Frankfurt Stock Exchange",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the DAX ESG Screened Index by buying all or a substantial number of the underlying securities, as confirmed in the KIID and factsheet. 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 or inverse exposure. The underlying assets are large-cap German equities, liquid and transparent, with ESG screening applied. The risk profile is high (category 6 in KIID) due to equity market volatility and concentration risk, but this does not imply complexity under MiFID II. Costs are straightforward with a low ongoing charge (0.09%) and no performance fees or swap fees. Securities lending is minimal and does not add complexity. The PRIIPs KID confirms no comprehension warnings or complexity flags. The index tracked is a standard ESG-screened equity index without complex structured products or contingent bonds. Therefore, the fund is classified as non-complex under MiFID II criteria."
}