{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI EMU UCITS ETF",
    "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 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 the effect of exchange rate fluctuations between the fund's assets and the share class currency, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or total return swaps. The fund does not use leverage or inverse exposure. The underlying assets are large and mid-cap equities from developed EMU markets, which are liquid and transparent. There are no capital protection or structured features. The risk profile is medium-high (category 5 out of 7), consistent with equity market exposure, but this does not imply complexity under MiFID II. Costs are straightforward with a low ongoing charge (0.17%) and no performance fees. Securities lending is minimal and does not add complexity. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms direct physical replication and no use of swaps for index replication. Therefore, the ETF is classified as non-complex under MiFID II."
}