{
    "complex": false,
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [
        "Currency hedging using derivatives",
        "Potential counterparty risk from derivative usage"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication as its primary method (as stated in the fact sheet: 'Methodology: Replicated'). While it does use derivatives for currency hedging (FX forward contracts), this is a common practice in UCITS-compliant ETFs and does not appear to be used for leverage or complex strategies. The fund's risk profile (rated 6) is primarily driven by equity market risk, which is typical for equity ETFs. The use of derivatives here is for efficient portfolio management rather than as an inherent element of the strategy. The index itself (MSCI USA SRI Select Reduced Fossil Fuel) is a standard equity index with ESG screening, not a complex or synthetic index. The fact sheet confirms the fund holds physical equities (top holdings like NVIDIA, Microsoft, Tesla) and does not mention any synthetic replication or swap-based exposure. The PRIIPs KID would be the final confirmation, but based on the KIID and fact sheet, this appears to be a standard, non-complex equity ETF.",
    "confidence": 90
}