{
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [
        "Currency hedging using forwards",
        "Potential swap usage for replication"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication for the underlying index (MSCI EMU SRI Low Carbon Select 5% Issuer Capped 100% hedged to CHF Index) as confirmed in the factsheet. While the KIID mentions potential derivative usage for hedging currency risk (selling currency forwards), this is standard practice for currency-hedged ETFs and does not indicate complexity. The fund's risk profile (risk category 6) is primarily driven by equity market volatility, not derivative risk. The use of derivatives appears limited to currency hedging and not for leverage or complex strategies. The ETF is UCITS-compliant, which typically aligns with non-complex classification under MiFID II. The index itself is a straightforward equity index with ESG screening, not a complex or structured product.",
    "confidence": 90
}