{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using FX forward contracts",
        "Optimised replication techniques",
        "Factor-focused index methodology"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication as its primary method, with optimised techniques and FX forwards for currency hedging. While derivatives are used, they are for efficient portfolio management and hedging rather than for leverage or complex strategies. The index methodology is factor-focused but not inherently complex. The fund's risk profile is rated 5/7, which is moderate, and the use of derivatives is disclosed transparently. The absence of leverage, inverse strategies, or synthetic replication supports a non-complex classification. The PRIIPs KID does not contain a comprehension warning, further indicating suitability for retail investors.",
    "confidence": 85
}