{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Rize Cybersecurity and Data Privacy UCITS ETF is a UCITS-compliant equity ETF that physically replicates the Foxberry Tematica Research Cybersecurity & Data Privacy Index through full physical replication. 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, nor does it invest in complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is medium-high (risk level 5 out of 7 in PRIIPs KID), reflecting the equity market and sector-specific risks, but not complexity from derivatives or leverage. Costs are straightforward with a single ongoing charge of 0.45%, no performance fees, and no swap or derivative fees. The fund invests directly in liquid, publicly traded equity securities globally, with no capital protection or structured features. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical full replication and no use of derivatives or swaps. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}