{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using derivatives",
        "ESG screening complexity"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication for its core investment strategy, tracking the MSCI World Screened Index. While it employs derivatives for currency hedging (FX forward contracts), this is a common practice for hedged share classes and does not significantly alter the risk profile. The ETF's primary complexity factors are its ESG screening methodology and currency hedging, but these do not meet MiFID II's criteria for 'complex' instruments. The fund's risk rating (6) is consistent with equity ETFs, and there are no leverage, inverse, or synthetic replication features. The use of derivatives is limited to hedging and does not create materially different risk characteristics from the underlying index.",
    "confidence": 90
}