{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "Complex Indices"
        ],
        "classification": "non-complex",
        "supporting_data": "The asset is classified as non-complex based on the provided MiFID II framework. It is a UCITS-compliant ETF, which establishes a baseline presumption of non-complexity. The replication method is physical ('the investment manager will aim to replicate the Index by holding all of the Index securities'), which is a straightforward and transparent structure. Derivatives are permitted 'for efficient portfolio management purposes only', not as a core part of the investment strategy, and therefore do not add significant structural complexity for the investor. The fund does not use leverage or swaps. While the underlying index, the 'MSCI China Climate Paris Aligned Net Total Return Index', follows a sophisticated, rules-based methodology based on EU PAB regulations to select securities, it is composed of standard large and mid-cap equities. The index methodology is transparent and publicly available. According to the provided rules, a complex index can contribute to a complex classification, but in this case, the ETF's simple structure (UCITS, physical replication) and the absence of other complex features mean it remains understandable for a retail investor. The risks highlighted, such as market, concentration, and counterparty risk, are either standard for equity investing or clearly disclosed and do not stem from a complex product structure like embedded derivatives or algorithmic payoffs. Therefore, the asset is considered non-complex."
    }
}