{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a physically replicated, actively managed equity fund that seeks to outperform the MSCI ACWI Index. It primarily invests in large and mid-cap equities globally, with a focus on ESG integration. While the KIID mentions the potential use of financial derivative instruments (FDI) for efficient portfolio management, there is no indication of extensive or complex derivative usage. The fund does not employ leverage, inverse strategies, or synthetic replication. The risk profile is categorized as level 6 due to historical volatility, but this alone does not classify it as complex under MiFID II. The fund's straightforward investment objective, physical replication method, and lack of complex underlying assets or capital protection mechanisms support a non-complex classification.",
    "confidence": 95
}