{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "ESG Enhanced Indices",
            "Securities Lending",
            "Derivative instruments for the purposes of managing risk",
            "The Index applies an optimisation approach to re-weight remaining eligible securities which has the aim of achieving: 1) an uplift in the S&P Global ESG Score; 2) the maximum of either a 30% decrease in carbon intensity relative to the Parent Index or carbon intensity equivalent to the removal of securities that have carbon intensity levels which rank in the worst 25% of companies per GICS Industry Group and in the worst 25%of companies in the Parent Index."
        ],
        "classification": "complex",
        "supporting_data": "This is a UCITS ETF but it tracks an ESG-enhanced index that uses an optimisation approach to re-weight the remaining eligible securities and reduce its carbon footprint which may make it difficult for an average retail investor to fully understand the index construction and objective. The ETF uses a physical replication strategy, aiming to hold all securities in the index, derivatives are used for managing risk. Securities lending is employed, introducing counterparty risk, although the ETF adheres to UCITS rules, which mitigate this risk to some extent. The ETF's Key Investor Information Document includes mentions of securities lending risk which make the asset complex under MiFID II regulations. The fund is an Article 8 Fund (it promotes environmental and/or social characteristics) for the purposes of Regulation (EU) 2019/2088 of the EuropeanParliament."
    }
}