{
    "complex": false,
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [
        "Currency hedging via forward contracts",
        "Potential use of derivatives for efficient portfolio management",
        "Complex index methodology (quality and momentum screening)"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication and invests in dividend-paying companies from global developed markets. While it employs forward exchange contracts for currency hedging and may use derivatives for efficient portfolio management, these are standard practices for UCITS-compliant ETFs. The index methodology, though sophisticated, is rule-based and fundamentally weighted, making it understandable to retail investors. The risk profile is rated as lower risk (1-3 on the SRRI scale), and there are no indications of leverage, inverse exposure, or capital protection features. The ETF is UCITS-compliant, which inherently limits complexity. The use of derivatives is for hedging and efficient portfolio management, not for speculative purposes, and does not materially alter the risk profile. The PRIIPs KID and factsheet do not indicate any comprehension warnings or additional complexity factors.",
    "confidence": 90
}