{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers Switzerland UCITS ETF",
    "investment_objective": "To reflect the performance of the Solactive Swiss Large Cap Index (NTR), which tracks the 20 largest Swiss domiciled and listed companies.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Switzerland",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses direct physical replication of the Solactive Swiss Large Cap Index, 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. The fund is UCITS compliant and invests directly in liquid, transparent Swiss equities. The risk profile is medium (4 out of 7), consistent with equity market risk but not indicative of complexity. There is no leverage, inverse exposure, or capital protection features. Costs are straightforward with a TER of 0.30% and no performance fees. Securities lending is minimal and disclosed transparently. The index tracked is a straightforward large-cap Swiss equity index with quarterly rebalancing and capped weights, not a complex or structured index. No contingent bonds or structured products are held. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms physical replication and no use of swaps or synthetic structures. Overall, the ETF exhibits characteristics of a standard physical equity index tracker with minimal derivative use for risk management, thus classified as non-complex under MiFID II."
}