{
    "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; no significant leverage, no embedded derivatives, no contingent convertible bonds, no complex indices, no capital protection, no inverse or leveraged features.",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicating fund tracking a transparent, ESG-screened equity index. It may use derivatives (including total return swaps and contracts for difference) for both efficient portfolio management (EPM) and investment purposes, but such use is capped at 10% of assets and is not expected to exceed 5%. Securities lending is permitted up to 30% of assets, but is not expected to exceed 25%. There is no significant leverage beyond UCITS limits, no embedded derivatives, no contingent convertible bonds, and the underlying index is straightforward and well-documented. The fundu2019s structure, risks, and objectives are clearly disclosed and are typical of mainstream equity UCITS ETFs. The use of derivatives, while present, is limited and primarily for risk management and cost efficiency, not as a core strategy. The fund does not employ complex portfolio management techniques, synthetic replication, or structured payouts that would make it difficult for a retail investor to understand.",
    "classification": "non-complex"
}