{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Ossiam US ESG Low Carbon Equity Factors UCITS ETF",
    "fund_type": "Actively Managed UCITS ETF",
    "investment_objective": "Deliver net total returns of a selection of listed US equities with ESG and low carbon focus",
    "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 US listed equities selected through a proprietary quantitative ESG and factor-based model. The replication method is physical, confirmed by the factsheet stating 'Replication Method: Physical'. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy. The fund does not employ leverage or inverse exposure. The risk profile is medium-high (risk level 5-6), consistent with equity market exposure and factor investing, but no complexity flags such as capital protection, structured products, or contingent bonds are present. The PRIIPs KID and KIID do not indicate any derivative usage beyond possible incidental risk management, and no swap fees or derivative costs are disclosed. The fund invests directly in liquid, transparent securities with a clear, linear relationship to underlying performance. The complexity indicators such as synthetic replication, leverage, contingent bonds, or capital protection mechanisms are absent. Therefore, under MiFID II, this ETF is classified as non-complex."
}