{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "ESG screening complexity",
            "Index methodology complexity"
        ],
        "classification": "non-complex",
        "supporting_data": "The Xtrackers S&P 500 Equal Weight Scored & Screened UCITS ETF is managed passively, aiming to reflect the performance of the S&P 500 Equal Weight Scored & Screened Index. The fund uses physical replication by buying a substantial number of the index's securities. The KIID explicitly states that the fund may use derivatives for efficient portfolio management, risk reduction, or cost reduction, but not as integral to achieving its investment objective. The description of the index involves ESG screening and selection based on S&P Global ESG Scores, which adds a layer of complexity to the underlying strategy, but this complexity resides within the index construction, not the ETF's investment process itself. The risk profile indicates category 6, reflecting high potential for losses and gains due to market volatility, which is typical for equity ETFs and does not inherently indicate structural complexity. There is no mention of leverage, embedded derivatives, or other features that would typically render a UCITS ETF complex. The assessment of 'ease of understanding' is supported by the passive replication method and the general transparency of the underlying asset class (large-cap US companies), despite the ESG screening nuance. The use of derivatives for EPM, if any, is limited and not central to the strategy. Therefore, the ETF is classified as non-complex."
    }
}