{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "ESG",
            "Research Enhanced Index"
        ],
        "classification": "non-complex",
        "supporting_data": "The fund is a UCITS ETF aiming for long-term return exceeding the MSCI EMU Index through active management. It primarily invests in Eurozone companies. Derivatives are used for efficient portfolio management (EPM). Physical replication is used. The fund systematically includes ESG analysis. The risk rating is 6/7, reflecting market volatility rather than structural complexity. The document targets investors with basic knowledge. The fund is UCITS compliant and thus benefits from strict regulatory requirements. The fund will bear a close resemblance to the Benchmark. It doesn't track or replicate the benchmark. It is actively managed with an aim to deliver better performance than the benchmark over the long term. There is an exclusion of companies that do not meet certain ESG criteria. The ETF aims to outperform the Benchmark",
        "explanation": "The ETF is UCITS compliant, uses physical replication, and derivatives are limited to efficient portfolio management (EPM) only so classification is non-complex."
    }
}