{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "The ETF replicates an index that uses minimum variance weighting and ESG criteria. The optimization of the index may be difficult to understand by a retail client. Although the ETF uses physical replication, the index methodology introduces some degree of complexity.",
        "classification": "non-complex",
        "supporting_data": "The ETF is a UCITS compliant fund that tracks the Ossiam US Minimum Variance ESG NR Index. The ETF uses physical replication which generally supports a non-complex classification. However, it uses an index that utilizes a dynamic selection of stocks that satisfy ESG criteria which introduces an element of complexity for a retail investor to understand the methodology and weighting scheme. Securities Lending, leverage and embedded derivatives are not mentioned. The fund's risk rating is 6/7 but risk rating alone is not a determiner of complexity. Although the fund is an accumulating share class, the KID states a 5 year recommendation. The key factor for this determination is that the ETF does not rely on derivatives to track its index, thus remaining non-complex despite its investment in an ESG/Minimum Variance index."
    }
}