{
    "ucits": true,
    "type": "ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "complex_factors": "Derivatives (including swaps) used for both efficient portfolio management and investment purposes; up to 10% exposure to total return swaps and contracts for difference; securities lending up to 30% of assets; counterparty risk present due to derivative and securities lending activities",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicating fund tracking the MSCI World Climate Paris Aligned Index. It may use derivatives (including up to 10% in total return swaps and contracts for difference) for efficient portfolio management and investment purposes, and may engage in securities lending (up to 30% of assets). While the primary replication method is physical, the use of derivativesu2014especially swapsu2014introduces counterparty risk and potential complexity. The fund does not use leverage beyond UCITS limits, does not offer capital protection, and does not track a complex or opaque index. The risks disclosed include derivatives risk, counterparty risk, and securities lending risk, but the structure and objective remain transparent and aligned with typical equity ETF strategies.",
    "classification": "non-complex"
}