{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "Lack of leverage or swaps",
            "No embedded derivatives",
            "Transparent benchmark index"
        ],
        "classification": "non-complex",
        "supporting_data": "The UBS (Irl) ETF plc - MSCI USA Socially Responsible UCITS ETF seeks to track the MSCI index directly using physical replication.  The fund actively manages to avoid companies with negative social or environmental impact.  It states it may use derivative instruments for managing risk but this is limited to portfolio management (e.g., hedging) and not integral to achieving the investment objective.  The replication method is physical, avoiding synthetic replication and related complexities. The index being tracked, the MSCI USA SRI Low Carbon Select 5% Issuer Capped Index (Net Return), appears transparent, further supporting the non-complex classification. The absence of leverage and securities lending, as well as explicit avoidance of negative ESG factors, suggests the fund focuses on simplicity and transparency, characteristics of non-complex instruments. The fund does not have a capital protection feature. The document accurately describes the asset's features and is largely in accordance with expected UCITS procedures."
    }
}