{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "None identified.",
        "classification": "non-complex",
        "supporting_data": "The UBS (Irl) ETF plc - MSCI USA Socially Responsible UCITS ETF, class (hedged to CHF) A-acc, aims to track the MSCI USA SRI Low Carbon Select 5% Issuer Capped 100% hedged to CHF Index (Net Return).  The fund states it will seek to hold all of the shares of the Index, in the same proportions as the index, so that essentially the portfolio of the Fund will be a near mirror image of the Index.  The fund may use derivative instruments, but only in exceptional circumstances, and the stated usage is for efficient portfolio management (EPM), like managing inflows/outflows, hedging currency risk, or reducing transaction costs.  The replication method is explicitly described as seeking to hold all underlying shares of the index, aligning with physical replication.   No mention of leverage, contingent convertible bonds, or complex indices. The fund specifically states it will not enter into securities lending.   The risk profile is categorized as 'higher risk', but this isn't directly related to structural complexity.  The index itself is described as seeking to measure the performance of best-in-class ESG companies while avoiding companies with negative social or environmental impact, but this is not a factor in itself indicative of MiFID II complexity for the fund. The ETF's structure, risks, and payoff are described as straightforward, easily understood by retail investors with basic knowledge."
    }
}