{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Robeco 3D US Equity UCITS ETF USD Acc",
    "investment_objective": "Actively managed equity fund investing in US stocks applying a proprietary quantitative '3D' stock-ranking model targeting returns above the S&P 500 Index while integrating ESG and sustainability factors.",
    "primary_asset_class": "Equity",
    "geographic_focus": "United States",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicating equity fund investing directly in US stocks. The KIID and PRIIPs KID documents explicitly state the fund invests in stocks and may use derivatives only for risk management purposes, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty risk related to derivatives. The factsheet confirms physical fund management approach and direct holdings in large-cap US equities with no use of leverage or inverse strategies. The risk profile is moderate (5/7), consistent with equity market risk, without complexity flags such as capital protection, structured features, or complex underlying assets. Costs are straightforward with no performance fees or swap fees. The fund uses a quantitative model for stock selection but this does not imply complexity under MiFID II. No references to complex indices, contingent bonds, or derivative-based replication were found. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the fund\u2019s structure and disclosures align with a non-complex classification under MiFID II rules."
}