{
    "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 category 4 in PRIIPs KID, category 6 in KIID due to equity market volatility), but this is typical for equity ETFs and does not indicate complexity under MiFID II. No leverage, inverse or amplified return features are present. The fund does engage in securities lending but with minimal fees and no complex fee structures. The index tracked is a screened version of the DAX index with ESG criteria, which is straightforward and transparent. No capital protection or structured product features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund\u2019s structure, replication method, and underlying assets indicate a non-complex classification under MiFID II."
}