{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "No use of derivatives central to strategy",
            "No significant leverage",
            "Replication method is physical",
            "Transparent index (S&P 500 Scored & Screened Hedged to CHF Index)"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is passively managed and seeks to track the S&P 500 Scored & Screened Hedged to CHF Index (Net Total Return).  It uses physical replication, meaning it holds the underlying securities of the index. The fund does not use any securities lending.  The index is a well-documented, broadly based market capitalization-weighted index focused on ESG characteristics.  The fact that the ETF is a UCITS ETF, and is physically replicating a relatively well-known index, makes it likely non-complex according to MiFID II rules and guidelines.  While there's a risk category of 6, this relates to the volatility of the market and not the complexity of the ETF's structure itself.  The lack of features such as swaps, leveraged strategies, or complex underlying indices mitigates any complex factors."
    }
}