{
    "fund_name": "Global X Wind Energy 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 KIID and PRIIPs documents indicate that this is a UCITS-compliant ETF that uses physical replication to track the Solactive Wind Energy v2 Index. There is no mention of synthetic replication, swaps, leverage, or inverse strategies. The fund's investment objective is straightforward: to replicate the performance of the index, which consists of companies involved in wind energy. The risk profile is rated at level 6, but this is primarily due to the underlying sector's volatility rather than structural complexity. The fund does not use derivatives for leverage or risk management beyond what is typical for index tracking. The absence of complex features like capital protection, contingent bonds, or structured products further supports the non-complex classification.",
    "confidence": 95
}