{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Use of Derivatives for risk reduction and income generation.",
            "ESG screening may limit investment opportunities"
        ],
        "classification": "non-complex",
        "supporting_data": "The fund is a UCITS ETF employing a passive management approach with physical acquisition of securities, tracking the FTSE Developed Asia Pacific All Cap Choice Index. It may use derivatives for reducing risk or cost and/or generate extra income or growth, derivatives are not integral to achieving the investment objective. The ETF promotes ESG characteristics by excluding companies involved in Vice products, Non-renewable energy, Weapons, and Controversies.",
        "Justification": "Derivatives are not being used to replicate the underlying index. While derivatives are mentioned, their use is limited to efficient portfolio management and risk reduction, which according to the provided rules and nuances, does not automatically classify an ETF as complex. Physical replication of the index also supports a non-complex classification, as it is easier for retail investors to understand the ETF's performance is directly tied to the underlying securities. Considering all factors including the UCITS compliance and the use of the physical replication method, the ETF is classified as non-complex. Non-Complex"
    }
}