{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "ESG analysis, enhanced Indexing",
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant. The ETF is actively managed with the aim of delivering performance exceeding the Benchmark, not tracking or replicating it. Derivatives are used for efficient portfolio management. Focuses on key risk factors, including accounting and tax policies, disclosure and investor communications, shareholder rights, remuneration and social and environmental factors. Volatility levels will be broadly equivalent to the risk characteristics of the Benchmark, The ETF systematically includes ESG analysis in its investment decisions on at least 90% of securities purchased.Risk and reward category is 6/7 because its simulated Net Asset Value has shown high fluctuations historically.",
        "rationale": "The ETF appears to be non-complex as it is UCITS compliant and uses derivatives only for efficient portfolio management. It physically holds the underlying securities of the index and actively manages the portfolio to enhance returns. The ESG factors and Risk Profile may lead to clients lacking easy understanding of the asset but are not related to derivative or swap factors."
    }
}