{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "derivatives": true,
    "swaps": true,
    "leverage": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using forward contracts",
        "Complex index methodology with quality/momentum scoring"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication for the underlying equity exposure, which is a non-complex indicator. However, it employs forward currency contracts for hedging purposes, which involves derivative usage. The index methodology is complex with quality/momentum scoring, but this does not automatically trigger a complex classification under MiFID II. The fund does not use leverage, inverse strategies, or synthetic replication. The risk profile is clearly disclosed as 'lower risk' in the KIID, and the fund is UCITS compliant, indicating suitability for retail investors. The primary complexity factors are the currency hedging and the sophisticated index methodology, but these do not cross the threshold for a 'complex' classification under MiFID II standards.",
    "confidence": 85
}