{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "ESG exclusionary criteria",
            "ESG scoring metrics"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is a UCITS ETF, which generally carries a presumption of being non-complex. The investment objective is to track the FTSE All-World Large/Mid Custom Diversity and Inclusion Equal Weight Index. The KIID explicitly states the Share Class is passively managed and aims to invest in equity securities that make up the Index. While the index methodology involves ESG exclusionary criteria and ESG scoring metrics to select companies, these are features of the index itself and do not inherently make the ETF's structure or payoff complex for a retail investor to understand. The ETF employs physical replication by holding the underlying equity securities. The document mentions the potential use of Financial Derivative Instruments (FDIs) for efficient portfolio management, but states this use is expected to be limited for this Share Class. Securities lending is also mentioned as a method to generate income, with specific revenue sharing details provided, but this is generally considered a secondary activity that doesn't automatically trigger complexity if managed within UCITS rules. There is no mention of leverage, embedded derivatives, or other features that would typically render an ETF complex under MiFID II rules. The risk indicator is rated six, but this reflects market risk rather than structural complexity. The KIID also clearly states the ETF is an Exchange Traded Fund (ETF). Therefore, based on the provided information and the MiFID II framework for UCITS ETFs, it is classified as non-complex."
    }
}