{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Rize Environmental Impact 100 UCITS ETF is a UCITS-compliant equity ETF that physically replicates the Foxberry SMS Environmental Impact 100 USD Net Total Return Index by investing directly in the underlying companies. The fund uses full physical replication, as confirmed by the factsheet, and does not employ synthetic replication or swap agreements. There is no mention of leverage, inverse exposure, or capital protection mechanisms. The fund invests in global equities, including micro, small, mid, and large cap companies, with no indication of complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is medium-high (5 out of 7), reflecting the equity market and thematic exposure, but not complexity from derivatives or leverage. The KIID and PRIIPs KID documents confirm no use of derivatives as an inherent part of the strategy, only possibly for risk management, which does not trigger complexity classification. Costs are straightforward with a single ongoing charge (TER) of 0.55%, no performance fees, and no swap or derivative fees. There are no complexity flags such as capital protection, structured features, or significant counterparty risk disclosures. The fund\u2019s thematic index is innovative but does not introduce complexity under MiFID II definitions. Therefore, the ETF is classified as non-complex."
}