{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "supporting_data": "The Ossiam ESG Low Carbon Shiller Barclays CAPEu00ae US Sector UCITS ETF is a UCITS-compliant, physically replicated ETF investing primarily in large and mid-cap US equities. It uses a quantitative, rules-based ESG and carbon exclusion model, but does not employ derivatives for replication or leverage, nor does it use swaps, inverse strategies, or complex structured products. The ETF tracks a transparent, rules-based equity index and does not embed derivatives or other features that would introduce counterparty risk, leverage, or structural complexity. The risk profile is driven by equity market volatility, not by complex mechanisms. All UCITS are generally presumed non-complex under MiFID II, and there is no evidence in the provided documentation of features that would override this presumption (e.g., synthetic replication, significant derivative use, or complex payoffs)[1]. The ETFu2019s structure, objectives, and risks are straightforward and disclosed in a manner intended to be understandable for retail investors with basic knowledge.",
    "classification": "non-complex"
}