{
    "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, UCITS-compliant fund that invests directly in equity securities of Asia Pacific companies (excluding Japan). It uses an actively managed strategy with a focus on ESG criteria but does not employ leverage, inverse strategies, or synthetic replication. While the KIID mentions the potential use of financial derivative instruments for efficient portfolio management, this is a standard practice for many non-complex ETFs and does not inherently make the fund complex under MiFID II. The fund's risk profile is clearly disclosed, and it does not exhibit other complexity indicators such as capital protection mechanisms, structured features, or significant counterparty risk. The fund's objective and strategy are straightforward, and it invests in liquid, transparent securities.",
    "confidence": 90
}