{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the NASDAQ Global High Equity Income Index, with no mention of synthetic replication, swaps, or leverage. The fund invests primarily in equity securities included in the index, with minimal use of derivatives (only for direct exposure where necessary). The risk profile is rated 6/7, but this is typical for equity funds and does not indicate complexity. The fund is UCITS-compliant, has a straightforward investment strategy, and no capital protection or structured features. The fact sheet confirms physical replication with full replication, and the index methodology is rules-based and transparent. No counterparty risk or complex derivative structures are identified.",
    "confidence": 95
}