{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Ossiam US Minimum Variance ESG NR UCITS ETF",
    "investment_objective": "Replicate the performance of the US ESG Minimum Variance Index NR, a total return index of US large cap stocks filtered by ESG criteria and weighted by an optimization procedure to reduce volatility.",
    "primary_asset_class": "Equity",
    "geographic_focus": "United States (OECD countries)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the US ESG Minimum Variance Index NR, investing directly in equities with weightings closely matching the index. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes. The fund is UCITS compliant and does not employ leverage or inverse strategies. The risk profile is medium (risk class 4 in PRIIPs KID, 6 in KIID synthetic indicator reflecting equity market volatility), with no capital protection or structured features. Costs are straightforward with a TER of 0.65%, no performance fees, and no complex fee structures. The underlying assets are liquid large-cap equities filtered by ESG criteria, with no exposure to complex bonds or structured products. The monthly factsheet confirms physical replication and absence of derivatives or swaps. No complexity flags such as contingent bonds, capital protection, or significant counterparty risk are present. The PRIIPs KID does not include any comprehension warnings or complexity disclaimers. Overall, the fund's structure and strategy are straightforward and transparent, leading to a non-complex classification under MiFID II."
}