{
    "fund_name": "BNP Paribas Easy S&P 500 ESG UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication (full or optimised) to track the S&P 500 ESG Index, with no mention of synthetic replication, swaps, or derivatives. The investment strategy is straightforward (passive index tracking), and the risk profile is rated 4/7, which is moderate but not indicative of complexity. The PRIIPs KID and fact sheet (if available) would confirm no derivative usage beyond efficient portfolio management. The UCITS compliance and transparent index methodology further support the non-complex classification.",
    "confidence": 95
}