{
    "ucits": true,
    "type": "ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "None identified",
    "classification": "non-complex",
    "supporting_data": "The fund is a UCITS ETF, which is automatically classified as non-complex under MiFID II unless it is a structured UCITS or uses derivatives as a core part of its investment strategy[1]. The fund's objective is to track the Bloomberg Artificial Intelligence Select Index using physical replication by holding the underlying equity securities in similar proportions. There is no evidence of synthetic replication, embedded derivatives, swaps, leverage, or other complex features. The fund may use derivatives only for efficient portfolio management (EPM), such as hedging currency risk or managing inflows/outflows, but not as a central strategy. The risks disclosed are typical for equity ETFs (market volatility, sector concentration, tracking error) and do not indicate structural complexity or features that would make the product difficult for a retail investor with basic knowledge to understand. The fund is authorized and regulated in Ireland, providing transparency and investor protection consistent with UCITS standards. No comprehension alert is required or indicated."
}