{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI USA SRI Filtered PAB Index, with direct investments in underlying securities. While derivatives are mentioned for efficient portfolio management (EPM) and handling inflows/outflows, this is a standard practice and does not introduce complexity. The index itself, though ESG-focused, is based on liquid large and mid-cap US equities, which are transparent and easily understood. The risk profile is typical of equity investments, with no leverage, inverse strategies, or capital protection mechanisms. The ETF is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 95
}