{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Pacific ex Japan Screened UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "inverse": false,
    "derivatives": false,
    "swaps": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate the MSCI Pacific ex Japan Select Screened Index by buying all or a substantial number of the underlying securities, indicating physical replication. The KIID and PRIIPs documents confirm the fund is a UCITS ETF with no leverage, inverse or amplified exposure. While the fund may use derivatives for risk management or cost reduction, these are not inherent to the investment strategy and derivative usage is minimal and incidental. There is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The underlying assets are large and mid-cap equities from developed Pacific countries, excluding Japan, screened for ESG criteria, with no complex structured products or contingent bonds. The risk profile is medium (risk level 4 out of 7), consistent with equity market exposure, and there are no capital protection or structured features. Costs are straightforward with a low ongoing charge (0.10%) and no performance fees or swap fees. The factsheet confirms direct physical replication and no use of swaps. No complexity flags such as leverage, synthetic replication, or complex underlying assets are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}