{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "ESG exclusions methodology could be complex for some retail investors to fully understand.",
            "Use of FDIs (financial derivative instruments) for efficient portfolio management, introducing potential counterparty risk although limited.",
            "Tracking of a specialized index (Foxberry Sustainability Consensus US Total Return Index EU Climate Transition Benchmarks)",
            "Not all constituents are part of index."
        ],
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant, follows a physical replication method but tracks a Foxberry Sustainability Consensus US Total Return Index EU Climate Transition Benchmarks and employs ESG exclusions. It also uses FDIs (financial derivative instruments) for managing risk, which, while limited, introduces counterparty risk. The ETF invests primarily in securities represented in the index but may invest in companies that are not constituents of the Index that have similar risk and performance characteristics, raising further questions about whether this easy to understand without deep knowledge of the fund.  This combination, while generally not automatically triggering complexity, still falls under the rules that will likely require a comprehension alert"
    }
}