{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF's objective is to track the S&P World ESG Enhanced Health Care Index. The fund may use derivative instruments for risk management or to reduce costs. The Index itself utilizes an exclusion methodology to enhance ESG and reduce carbon footprint.",
        "classification": "non-complex",
        "supporting_data": "The Invesco S&P World Health Care ESG UCITS ETF primarily aims to track the S&P World ESG Enhanced Health Care Index using physical replication. While the fund may utilize derivatives, this is indicated as being for risk management purposes, which does not trigger automatic complexity. The underlying index's methodology, while involving ESG exclusions, does not seem to intrinsically lead to complexity, and the fund operates under UCITS regulations, implying a level of transparency and investor protection. Since the use of derivatives is limited to managing risk, and the fund tracks a public index with clear methodology, the classification is non-complex. Note that any use of swaps could cause a 'complex' rating."
    }
}