{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers DAX ESG Screened UCITS ETF",
    "investment_objective": "To reflect the performance of the DAX ESG Screened Index while minimizing foreign currency fluctuations at share class level",
    "primary_asset_class": "Equity",
    "geographic_focus": "Germany (large capitalization companies listed on 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. The fund uses derivatives only for currency hedging purposes to reduce foreign exchange risk, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure. The fund is UCITS compliant and invests directly in liquid, transparent large-cap German equities. The risk profile is medium (risk level 4 in PRIIPs KID, 6 in KIID but driven by equity market volatility rather than structural complexity). No leverage, inverse or amplified return features are present. Costs are straightforward with a low ongoing charge of 0.19% and no performance fees. Securities lending is minimal and disclosed transparently. The index tracked is a screened ESG version of the DAX, which is a well-known, transparent equity index without complex structured products or contingent bonds. 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. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance with minimal derivative use solely for currency risk management, which under MiFID II does not trigger complexity classification."
}