{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The BNP Paribas Easy ECPI Global ESG Infrastructure UCITS ETF is a UCITS-compliant ETF that seeks to replicate the ECPI Global ESG Infrastructure Equity Index using a passive, index-tracking strategy. The KIID and PRIIPs KID documents clearly state that the Fund generally uses full replication by holding all index equity securities in similar proportions or employs optimised replication by selecting representative securities. There is no mention of synthetic replication, swap agreements, total return swaps, or any derivative instruments used as part of the investment strategy. The Fund invests directly in equities of global developed markets with a thematic ESG infrastructure focus, which are liquid and transparent securities. The risk profile is moderate (risk level 4 out of 7), consistent with equity market exposure, without leverage or inverse exposure. Costs are straightforward with no performance fees or swap fees. The PRIIPs KID confirms no complexity warnings or comprehension warnings, and the Fund is designed for retail investors without requiring specific investment knowledge. The absence of leverage, derivatives as an inherent strategy element, swaps, or complex underlying assets leads to a non-complex classification under MiFID II. The missing factsheet link prevents further validation, but the available documents provide sufficient evidence for this conclusion."
}