{
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [
        "Unfunded OTC swaps",
        "Derivative instruments",
        "Complex index (Autonomous & Electric Vehicles)"
    ],
    "classification": "complex",
    "supporting_data": "The ETF uses unfunded OTC swaps and exchange-traded equity futures for investment purposes, which introduces counterparty risk and complexity. While the primary replication method is physical, the use of derivatives for investment purposes (not just efficient portfolio management) triggers complexity under MiFID II. The index itself is complex, focusing on emerging technologies with higher volatility and concentration risk. The risk profile is rated 7/7, indicating high complexity. The PRIIPs KID may contain additional complexity warnings, but the KIID alone provides sufficient evidence for a 'complex' classification.",
    "confidence": 85
}