{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Currency Hedging Derivatives"
        ],
        "classification": "complex",
        "supporting_data": "This is a UCITS ETF that physically replicates the S&P 500 Equal Weight Scored & Screened Index.  While it uses physical replication to track an index focused on ESG criteria the ETF also uses derivatives to reduce currency fluctuations between the fund's assets and share currency.  This currency hedging strategy adds a layer of complexity, even though the ETF otherwise uses physical replication and tracks a transparent index with an ESG overlay. Currency risk is a standard element and may not be considered complex but as this is GBP hedged the structure adds a level of complexity due to forward contracts. This currency hedging means it cannot be classified as non-complex."
    }
}