{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Actively managed strategy",
        "ESG screening criteria",
        "Potential for tracking error due to active management"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF is physically replicated and does not use derivatives for leverage or inverse exposure. It follows an actively managed strategy with ESG screening, but the core investment approach remains straightforward equity exposure to Eurozone companies. The risk profile is clearly disclosed as category 6 (higher risk), but this aligns with the underlying equity market exposure. No synthetic replication, swaps, or complex structured products are mentioned. The use of derivatives is limited to 'efficient portfolio management' (likely hedging or liquidity management), which does not trigger complexity under MiFID II. The PRIIPs KID and factsheet confirm no additional complexity indicators.",
    "confidence": 90
}