{
    "type": "ETF",
    "ucits": true,
    "fund_name": "MSCI USA Min TE, a subfund of the SICAV BNP PARIBAS EASY",
    "investment_objective": "Index-tracking passively managed fund seeking to replicate the MSCI USA Select Filtered Min TE (NTR) index with a maximum tracking error of 1%.",
    "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 equity ETF that tracks the MSCI USA Select Filtered Min TE index using either full replication or optimized sampling of underlying shares. There is no mention of synthetic replication, swap agreements, or derivative instruments used to achieve the investment objective. The fund does not employ leverage or inverse strategies. The risk profile is moderate (category 5 out of 7), consistent with equity market exposure, but no complexity flags such as capital protection, structured features, or significant counterparty risk are present. Costs are straightforward with a low ongoing charge (0.16%) and no performance fees or swap fees. The PRIIPs KID confirms the fund is designed for retail investors without specific financial expertise and does not include any complexity warnings or comprehension alerts. The index tracked applies ESG filters but does not involve complex structured products or contingent bonds. The monthly factsheet (not fully provided) does not indicate any use of swaps or derivatives for replication or risk management. Overall, the ETF exhibits a clear, linear relationship to the underlying equity index performance with minimal derivative exposure, physical replication, and no leverage, supporting a non-complex classification under MiFID II."
}