{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "complex_factors": "Underlying index follows a specific sector. Fund may also invest in mining and battery technology companies that are not constituents of the Index that have similar risk and performance characteristics to the companies contained in the Index and (2) financial derivative instruments (u201cFDIsu201d) (i.e. investments the prices of which are based on the companies contained in the Index and/or such other mining and battery technology companies).",
        "classification": "non-complex",
        "supporting_data": "This is a UCITS ETF, so there is a presumption of non-complexity. The fund primarily uses physical replication, which also leans towards non-complexity. The fund may invest in mining and battery technology companies that are not constituents of the Index that have similar risk and performance characteristics to the companies contained in the Index. The fund may also use financial derivative instruments for efficient portfolio management to hedge currency risk and reduce transaction costs. However, the derivatives are not integral to achieving its investment objective, and limited derivative use for efficient portfolio management does not automatically trigger complexity if the impact is negligible. The underlying index methodology is transparent. Given that the ETF tracks a reasonably straightforward sector equity index with physical replication and limited derivatives for EPM, it can be considered non-complex. The risk and reward profile is 7, indicating market volatility, not structural complexity.",
        "complex": false,
        "non-complex": true
    }
}