{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Use of derivatives for risk management",
            "Small Companies Risk",
            "Emerging Markets Risk",
            "Clean Energy Risk"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and uses physical replication, which generally indicates a non-complex structure. Although the ETF uses derivatives, this is stated to be for the purposes of managing risk, reducing costs or generating additional capital or income. This derivative use is not inherent to the investment strategy. The supporting data also makes note of Emerging markets, small companies and clean energy investment all which could require clients to have a higher level of understanding."
    }
}