{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Goldman Sachs ActiveBeta\u00ae Paris-Aligned Sustainable US Large Cap Equity UCITS ETF",
    "investment_objective": "Passive tracking of Goldman Sachs ActiveBeta\u00ae Paris-Aligned Sustainable U.S. Large Cap Equity Index Net Total Return, aiming for capital growth and reduction in greenhouse gas emissions aligned with Paris Climate Agreement.",
    "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 uses physical replication by holding all securities in similar proportion to the index weightings, with no indication of synthetic replication or use of swap agreements. The KIID and PRIIPs KID confirm that derivatives may be used only for risk management purposes, not as an inherent part of the investment strategy, thus derivatives are marked false. There is no leverage, inverse or amplified exposure language present. The underlying assets are large-cap US equities, liquid and transparent, with no complex structured products or contingent bonds. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 in KIID but consistent with equity risk), with no capital protection or structured features. Costs are straightforward with a low ongoing charge of 0.14%, no performance fees, and no swap or derivative fees. Counterparty risk is mentioned as a general risk but no significant exposure is indicated. The index tracked uses a patented factor-based methodology (Value, Quality, Momentum, Low Volatility), but this does not inherently increase complexity under MiFID II as the fund physically holds the underlying securities. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The monthly factsheet confirms full physical replication, no synthetic elements, and no leverage. Therefore, the ETF is classified as non-complex under MiFID II criteria."
}