{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI EMU UCITS ETF 1C - USD Hedged",
    "investment_objective": "Track the performance of the MSCI EMU index while minimizing foreign currency fluctuations at share class level",
    "primary_asset_class": "Equity",
    "geographic_focus": "European Economic and Monetary Union (Austria, Belgium, Finland, France, Germany, Ireland, Italy, Netherlands, Portugal, Spain)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses direct physical replication by buying all or a substantial number of the securities in the MSCI EMU index. The fund employs derivatives only for currency hedging purposes to reduce exchange rate fluctuations between the fund's assets (EUR) and the share class currency (USD). There is no indication of synthetic replication, swap agreements, or total return swaps. The fund does not use leverage or inverse strategies. The risk profile is medium-high (risk level 5 out of 7), reflecting market risk inherent in equity investments, but not complexity from derivatives or leverage. The fund is UCITS compliant, with a straightforward index-tracking objective investing directly in liquid, transparent securities. Costs are simple with a TER of 0.17%, no performance fees, and minimal securities lending revenue. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms physical replication and derivative use limited to currency hedging, supporting the non-complex classification under MiFID II."
}