{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers World Green Transition Innovators UCITS ETF is an actively managed equity fund investing primarily in large and medium-capitalisation global equities focused on companies facilitating green technologies. The fund uses direct physical replication as confirmed by the factsheet, with no mention of synthetic replication or swap agreements. The KIID and factsheet indicate the use of derivatives only for risk management and efficient portfolio management, not as an inherent part of the investment strategy, so derivatives are not considered a complexity factor here. There is no leverage, inverse exposure, or capital protection features. The risk rating is 6, reflecting market volatility and ESG-related risks, but this does not alone indicate complexity under MiFID II. Charges are straightforward with a single ongoing charge of 0.35% and no performance fees or swap fees. There is no indication of complex underlying assets such as contingent convertible bonds or structured products. The fund is UCITS compliant, which generally implies regulatory safeguards and transparency. No PRIIPs comprehension warnings or complexity flags were identified. Overall, the fund\u2019s structure, replication method, and investment strategy align with a non-complex classification under MiFID II."
}