{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "None identified."
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF, AMUNDI MSCI WORLD ESG CLIMATE NET ZERO AMBITION CTB UCITS ETF Acc A, is passively managed and aims to track the MSCI World ESG Broad CTB Select Index using direct replication.  The fund primarily invests in transferable securities representing the index constituents. While the fund *may* use derivatives for managing inflows and outflows, hedging, or cost reduction, the use of derivatives is not integral to the investment objective. Direct replication, which involves holding the underlying securities, is a key factor contributing to a non-complex classification. The index itself tracks ESG-focused companies, and while this might introduce some nuance, it's not sufficiently complex to automatically categorize the ETF as complex. The ETF's structure, risks (market volatility, tracking error), and payoff are straightforward, easily understandable by retail investors with basic knowledge. Therefore, there is no embedded derivatives or other complex structure that makes the understanding challenging. The fact that the fund is UCITS-compliant also supports the non-complex classification."
    }
}