{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI EMU UCITS ETF 3C - CHF 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 the effect of exchange rate fluctuations between the fund's assets (EUR) and the share class currency (CHF). There is no indication of synthetic replication, swap agreements, or total return swaps. The fund does not use leverage or inverse strategies. The underlying assets are large and mid-cap equities from developed EMU countries, which are liquid and transparent. There are no capital protection or structured features. The risk profile is medium (risk level 4 out of 7), consistent with equity market exposure and currency hedging, without complexity flags such as high leverage or derivative-based strategies. 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 disclaimers. The factsheet confirms physical replication and no use of swaps for index replication. Overall, the fund exhibits a clear, linear relationship to the underlying index performance and minimal derivative use limited to risk management (currency hedging), which under MiFID II does not trigger complexity classification. Therefore, the ETF is classified as non-complex."
}