{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The Xtrackers MSCI Global SDG 3 Good Health UCITS ETF is passively managed and aims to track the MSCI ACWI IMI SDG 3 Good Health and Well-being Select Index. It uses physical replication by buying a substantial number of securities in the index. The KIID explicitly states the fund will attempt to replicate the index by buying all or a substantial number of the securities in the index. While it mentions the possibility of using derivatives for risk management, the primary replication method is physical. The index itself is based on a broad global index (MSCI ACWI IMI) with ESG screening and SDG alignment criteria, which, while involving selection, does not inherently make the ETF's structure or payoff complex for a retail investor to understand. The risk profile is rated 6 out of 7, indicating high potential for losses and gains due to market volatility, but this is a reflection of market risk rather than structural complexity. No embedded derivatives, leverage, or other complex features are indicated. Therefore, it is presumed non-complex as per MiFID II rules for UCITS ETFs replicating broad market indices through physical means."
    }
}