{
    "fund_name": "Robeco 3D US Equity UCITS ETF USD Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Quantitative stock-ranking model",
        "Active management with discretionary deviations from benchmark",
        "Sustainability integration complexity"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF is physically replicated and does not use derivatives for leverage or inverse exposure. It is actively managed with a quantitative approach, but this does not inherently make it complex under MiFID II. The use of a proprietary stock-ranking model and sustainability integration adds some complexity, but the overall structure remains straightforward. The fund is UCITS-compliant, which typically indicates a non-complex classification. The absence of swaps, leverage, or inverse strategies further supports this classification.",
    "confidence": 90
}