{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The UCITS ETF tracks a USD Corporate and Agency Green Bond Index, which is a standard bond index. The investment policy states it aims to replicate the index by buying a portfolio of securities or entering into financial contracts to minimize foreign currency fluctuations. The document explicitly mentions that the fund may use derivatives to manage investments more efficiently and reduce costs/taxes, and to reduce currency fluctuations. However, it also states that the fund is passively managed and aims to reflect the performance of the index. The risk and reward profile indicates category 4, acknowledging fluctuations but not due to complex underlying structures. The key information document (KID) states the fund is classified in category 4 due to share price fluctuations and the likelihood of losses and gains, not due to complex product features. The use of derivatives is for efficient portfolio management and currency hedging, which are considered non-complex uses within UCITS frameworks. The index itself is a Bloomberg MSCI USD Corporate and Agency Green Bond Index, which is a well-defined and transparent index. There is no mention of embedded derivatives, leverage, or other complex features. Therefore, based on the provided information, the ETF is considered non-complex."
    }
}