{
    "fund_name": "BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF",
    "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 full replication or optimized sampling to track the MSCI ACWI SRI SRI S-Series PAB 5% Capped Index, which is a global equity index with ESG criteria. There is no mention of synthetic replication, swaps, leverage, or complex derivatives. The risk profile is typical for an equity ETF (risk level 4), and the investment strategy is straightforward passive index tracking. The KIID does not indicate any capital protection mechanisms, structured features, or illiquid underlying assets. The ETF is UCITS-compliant, which generally aligns with non-complex classifications under MiFID II.",
    "confidence": 95,
    "risk_level": 4,
    "counterparty_risk": false,
    "capital_protection": false,
    "structured_features": false,
    "illiquid_assets": false,
    "benchmark_complexity": "The index is based on standard ESG criteria and does not exhibit features that would typically classify it as complex (e.g., no leverage, no derivatives, no exotic underlying assets).",
    "additional_notes": "The ETF's use of derivatives is not mentioned, and there is no indication of synthetic replication or leverage. The risk profile is consistent with a standard equity ETF, and the investment strategy is transparent and passive. The absence of complexity indicators such as swaps, leverage, or capital protection mechanisms supports the non-complex classification."
}