{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "Emerging Markets, ESG Exclusions, Paris Aligned Benchmark",
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and uses optimized physical replication to track the Foxberry Sustainability Consensus Emerging Markets Total Return Index, which aims to reduce climate risks and align with the Paris Agreement. Derivatives are used for efficient portfolio management (EPM), not as an integral part of the investment strategy. Despite the index being Paris Aligned the structure of the ETF is transparent and well diversified meaning it poses no significant complexity for retail investors.",
        "complex": false,
        "non-complex": true,
        "reason": "The ETF uses physical replication and any derivative use is limited to efficient portfolio management."
    }
}