{
    "type": "ETF",
    "ucits": true,
    "fund_name": "RIZE Global Sustainable Infrastructure UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The RIZE Global Sustainable Infrastructure UCITS ETF is a UCITS-compliant equity ETF that physically replicates the Foxberry SMS Global Sustainable Infrastructure USD Net Total Return Index. The fund invests directly in the underlying companies in similar proportions to the index weightings, with no indication of synthetic replication or use of swap agreements. The factsheet explicitly states 'Physical \u2013 full replication' and there is no mention of leverage, inverse exposure, or capital protection mechanisms. The fund's risk rating is 4 out of 7 in the PRIIPs KID, indicating a medium risk profile consistent with direct equity exposure rather than complexity from derivatives or leverage. The KIID and PRIIPs KID mention possible derivative instruments only as a minor part of the portfolio for efficient portfolio management, not as an inherent element of the investment strategy, so derivatives are marked false. There is no reference to funded or unfunded swaps, total return swaps, or counterparty risk beyond normal market risks. The underlying assets are equities in infrastructure-related companies, including micro to large caps, with no complex structured products or contingent convertible bonds. Costs are straightforward with a TER of 0.45%, no performance fees, and no swap or derivative fees. No capital protection or structured features are present. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}