{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "ESG investment strategy, Active Management",
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant. It aims to track the S&P 500 index but uses an active investment strategy to outperform the benchmark. It may use derivatives for efficient portfolio management (EPM). It invests in companies with positive ESG (Environmental, Social, Governance) characteristics, potentially causing it to perform differently from similar funds. Despite the active management and use of ESG criteria, the ETF primarily invests in equity securities and uses derivatives only for EPM which are not inherent elements to the strategy . The derivatives usage doesn't automatically make it complex as it is not for replication. Therefore, it is classified as non-complex."
    }
}