{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "ESG exclusionary criteria"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF aims to track the S&P 500 ESG Index, which involves a subset of equity securities from the S&P 500 that excludes companies based on ESG exclusionary criteria. While the index methodology involves ESG screening, which could be seen as a layer of complexity, the underlying investment strategy is to hold equity securities that make up the index. The KIID states the ETF aims to invest in the equity securities that make up the Index, implying a physical replication. Although the KIID mentions the potential use of financial derivative instruments (FDIs) for efficient portfolio management, it is not central to the investment objective, and the primary method is physical replication. The use of ESG criteria to exclude companies does not inherently make the ETF complex under MiFID II as the underlying holdings are still standard equities. The risks highlighted are typical market risks associated with equities, and the ESG screening is an additional selection criterion rather than a complex financial structure. Therefore, based on the provided information, the ETF is considered non-complex."
    }
}