{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Ossiam Food for Biodiversity UCITS ETF",
    "investment_objective": "Deliver net total returns of a selection of listed equities primarily from developed markets with a view to reducing biodiversity impact in the agricultural and food sectors.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed markets",
    "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 liquid, large- and mid-cap equities in developed markets related to the agriculture and food sectors. The replication method is physical, with no mention of synthetic replication, swap agreements, or derivative instruments used to achieve the investment objective. There is no leverage or inverse exposure. The risk profile is medium (risk class 4-5), consistent with equity market exposure, but no complex derivative-related or counterparty risks are disclosed. The fund does not employ capital protection or structured features. Costs are straightforward with a TER of 0.75% and no performance fees. The PRIIPs KID and factsheet confirm physical replication and absence of swaps or synthetic structures. The investment universe is composed of direct equity holdings, with no complex underlying assets such as contingent convertible bonds or CLOs. There is no indication of derivative use beyond possible incidental risk management, which does not trigger complexity under MiFID II. The fund\u2019s ESG and biodiversity impact optimization is achieved through quantitative filtering and portfolio construction, not through complex financial engineering. Therefore, the fund is classified as non-complex under MiFID II."
}