{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF tracks an ESG filtered index, which involves excluding companies based on ESG criteria. While not inherently complex, the methodology of index construction may be opaque to retail investors. The KID clearly states it's for medium to long-term investors.",
        "classification": "non-complex",
        "supporting_data": "The ETF seeks to replicate the performance of the MSCI World ESG Filtered Min TE (NTR) Index, utilizing full replication. Derivatives are not integral to the strategy as confirmed in the text. The main risks are market volatility and index tracking error, which are easily understandable. The document also notes that the fund is suitable for medium to long-term investment, which means it is not exposed to complex roll costs. There is no mention of leverage or capital protection. The use of physical replication, coupled with a focus on a transparent index and the absence of complex features (like derivatives for non-EPM use), supports a non-complex classification under MiFID II. It is important to note that the fund seeks to minimize tracking error. The KID states that the extra-financial strategy of the index, carried out at each step of the investment process, may comprise methodological limitations, however as an ESG filter is a standard inclusion in index construction for sustainable investments and not inherently complex."
    }
}