{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Ossiam ESG Low Carbon Shiller Barclays CAPE\u00ae US Sector UCITS ETF",
    "investment_objective": "Deliver net total returns of a selection of US equities part of the Shiller Barclays CAPE\u00ae US Sector Value Net TR Index with ESG and carbon performance improvements",
    "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, actively managed equity ETF investing primarily in large and mid-cap US equities included in the Shiller Barclays CAPE US Sector Value Net TR Index. The replication method is physical, with direct investment in underlying securities as confirmed by the factsheet and KIID. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes. The fund does not employ leverage or inverse strategies. The risk profile is medium-high (risk level 5-6), consistent with equity market exposure and ESG thematic constraints, but no complexity flags such as capital protection, structured features, or contingent bonds are present. Costs are straightforward with a TER of 0.75% and no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The underlying index is a sector selection index based on CAPE ratios, which is a valuation metric but not inherently complex or derivative-based. No counterparty risk or derivative counterparty risk disclosures are present. Overall, the fund exhibits a clear, linear relationship to the underlying equity performance with minimal derivative use limited to possible risk management (not inherent to strategy), thus derivatives are marked false. Therefore, under MiFID II, this ETF is classified as non-complex."
}