{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "Derivatives (including swaps) used for both efficient portfolio management and investment purposes, up to 10% of assets; securities lending up to 30% of assets; high concentration in benchmark index; emerging markets risk; counterparty risk from derivatives and securities lending",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicated fund tracking the FTSE Emerging ESG Low Carbon Select Index. It may use derivatives (including total return swaps and contracts for difference) for both efficient portfolio management and investment purposes, but not as the primary replication method. The use of derivatives is capped at 10% of assets, with actual use expected to be lower. Securities lending is permitted up to 30% of assets, with actual use expected up to 25%. The benchmark index is highly concentrated, increasing tracking error risk. The fund is exposed to emerging markets risks (higher volatility, liquidity, and currency risks) and counterparty risk from both derivatives and securities lending. The structure and risks are disclosed, but the use of derivatives and securities lending introduces elements that may be difficult for a retail investor with basic knowledge to fully understand, particularly the nature and implications of counterparty risk, collateral risk, and the mechanics of synthetic exposure, even if limited.",
    "classification": "non-complex"
}