{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI EMU SRI Filtered PAB Index, with direct investments in transferable securities representing the index constituents. While it mentions the potential use of derivatives for managing inflows/outflows and better exposure to index constituents, this appears to be for efficient portfolio management rather than as an inherent part of the strategy. There is no mention of leverage, inverse exposure, or synthetic replication. The risk profile is straightforward (equity market risk), and the fund is UCITS-compliant, indicating a retail-friendly structure. The index itself is a standard equity index with ESG and climate transition criteria, which do not introduce complexity. The ETF's low tracking error (0.15-0.24%) and the absence of capital protection or structured features further support the non-complex classification.",
    "confidence": 95
}