{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex index methodology (ESG screening, future mobility theme)",
        "Potential for tracking error due to sampling replication",
        "Counterparty risk from index provider (MSCI)"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication with a sampling strategy to track the MSCI ACWI IMI Future Mobility ESG Filtered Index. While the index methodology is complex (ESG screening, future mobility theme), the ETF itself does not use derivatives, leverage, or inverse strategies. The primary complexity factors are the index's selection methodology and potential tracking error from sampling, but these do not meet MiFID II's criteria for 'complex' financial instruments. The ETF is UCITS-compliant, which typically indicates a non-complex classification. The fact sheet confirms no swap usage or derivative instruments beyond standard replication techniques.",
    "confidence": 90
}