{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Actively Managed Fund",
            "Small Cap Exposure",
            "Global Equities",
            "Exchange Rate Fluctuations"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and actively managed, investing primarily in global equity securities. It does not use synthetic replication or leverage. Derivatives are not mentioned as an inherent element of the investment strategy but are possibly used in the fund as part of risk management. The fund invests in small publicly-traded companies, which may be more volatile. There's also exchange rate risk. Despite being actively managed and focusing on a specific theme (genomics), the UCITS framework provides a base level of investor protection and transparency, leading to a non-complex classification. While global equities and small-cap exposure add risk, they don't inherently make the ETF structurally complex."
    }
}