{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF promotes environmental and social characteristics, but the index methodology is available at www.solactive.com. However, the ETF uses optimization/representative sampling techniques and may use financial derivative instruments. While it is listed as a risk level of 6/7 the performance is easily understood.",
        "classification": "non-complex",
        "supporting_data": "The L&G Gerd Kommer Multifactor Equity UCITS ETF aims to track the Solactive Gerd Kommer Multifactor Equity Index NTR. It primarily invests in an optimized portfolio of equity securities, using quantitative analysis and representative sampling to reduce costs. The ETF excludes companies with high carbon intensity, those non-compliant with the UN Global Compact, or involved in controversial activities. It does not use leverage or complex derivatives for replication. The replication method is optimized physical. The risk is rated as 6/7. Therefore, the ETF is considered non-complex because it primarily invests in equity securities and its risks are straightforward and easily understood. While the ETF may use financial derivative instruments the text states they are not integral to achieving the investment objective so would not trigger the MiFID II complexity assessment rules. The index itself has good transparency which supports a non-complex classification. The ETF is not levered or has embedded derivatives."
    }
}