{
    "fund_name": "Robeco 3D Global Equity UCITS ETF USD Acc",
    "isin": "IE000Q8N7WY1",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Quantitative active management",
        "Sustainability integration complexity",
        "Potential for significant deviation from benchmark"
    ],
    "classification": "non-complex",
    "confidence": 90,
    "supporting_data": "The ETF is physically replicated and does not use derivatives for leverage or synthetic replication. It is an actively managed fund with a quantitative strategy that considers risk, return, and sustainability. While the strategy is complex, it does not involve derivatives or other features that would trigger a 'complex' classification under MiFID II. The fund is UCITS-compliant and invests in liquid, transparent securities. The risk profile is clearly disclosed, and the fund is suitable for retail investors. The use of a proprietary quantitative model does not automatically make the fund complex, as the underlying investments remain straightforward equities. The fund's deviation from the benchmark is managed within predefined limits, and the risk management process is integrated into the investment process. The fund does not use derivatives for leverage or inverse exposure, and there are no capital protection mechanisms or structured features. The ongoing charges are low (0.25%), and the fund is transparent in its disclosures. The fund's complexity factors are related to its active management and sustainability integration, which do not trigger a 'complex' classification under MiFID II."
}