{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "ESG Screening Criteria",
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and passively managed. It aims to replicate the MSCI ACWI IMI SDG Social Fairness Select Index using physical replication. Derivatives may be used for efficient portfolio management (EPM), but there's no indication that they are integral to achieving the investment objective. The index screens companies based on ESG criteria, potentially impacting the ETF's composition and performance compared to a standard index. However, the core investment strategy remains straightforward equity replication. Risk factor 6 of 7 is relatively high in terms of risk but is not linked to any particular structure - the ESG scoring may be subject to some third party manipulation. ESG scores may also make the investor believe there is reduced risk where such reduced risk may not exist.",
        "explanation": "The ETF is classified as non-complex because it is UCITS compliant and uses physical replication to track an index. Although it may use derivatives for efficient portfolio management, this use is not central to the investment strategy. The ESG screening criteria adds a layer of selection, but the ETF's overall structure is straightforward, making it understandable to a retail investor with basic knowledge."
    }
}