{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Rize Sustainable Future of Food UCITS ETF is a UCITS-compliant equity ETF that physically replicates the Foxberry Tematica Research Sustainable Future of Food USD Net Total Return Index. The fund invests directly in global publicly traded equity securities of companies innovating in sustainable food production, with no indication of synthetic replication or use of swap agreements. The KIID and PRIIPs KID documents confirm the fund is passively managed with full physical replication and no leverage or inverse exposure. The risk rating is moderate (4 out of 7 in PRIIPs KID, 6 in KIID but driven by sector and small cap risks, not complexity). There is no mention of funded or unfunded swaps, total return swaps, or derivative counterparty risk as an inherent part of the strategy. Derivatives are only mentioned as a possibility but not as a core element, implying their use is limited to risk management rather than strategy, so derivatives flag is false. The factsheet explicitly states 'Replication Physical - Full Replication' and no synthetic or swap-based replication. No capital protection or structured features are present. Costs are straightforward with no performance fees or swap fees. The underlying assets are equities, not complex structured products or contingent bonds. No leverage or inverse terms are used. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, invests directly in liquid securities, and uses physical replication, leading to a non-complex classification under MiFID II."
}