{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicating fund tracking a transparent, market-cap-weighted equity index (MSCI World Transition Aware Select Index). It invests directly in the underlying securities of the index, with no significant use of derivatives for replication or leverage. The fund may use financial derivative instruments (FDIs) for efficient portfolio management (EPM), but this is not central to its investment objective and is disclosed as a secondary risk. Securities lending is present but is a minor, well-managed feature within UCITS rules. The structure, risks, and investment objective are straightforward and easily understood by retail investors with basic knowledge. There is no evidence of synthetic replication, embedded derivatives, contingent convertible bonds, or other complex features that would trigger a complex classification under MiFID II Article 57. The ETF therefore meets all criteria for non-complex classification under MiFID II and ESMA guidelines[1]."
}