{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "Clean Energy Sector - may have sensitivities towards ESG related government regulations",
            "Index focuses on companies whose technologies focus on clean energy",
            "Use of derivative instruments for risk management and/or reduce costs or generating additional capital or income"
        ],
        "classification": "non-complex",
        "supporting_data": "The Invesco Global Clean Energy UCITS ETF employs physical replication and tracks the WilderHill New Energy Global Innovation Index, which focuses on companies in the clean energy sector. The ETF may use derivatives for risk management or to enhance returns, but this does not automatically classify the ETF as complex, particularly if derivative use is limited and for efficient portfolio management (EPM). The KIID states the ETF is not complex, the index although focused on a sector, is easily understood by the average retail investor and has a transparent methodology with publicly available information. The ETF is also an Article 9 Fund (it has a sustainable investment objective) so the risks are well defined in the KIID and the replication method is not synthetic. Securities lending to generate income can be used, but this is unlikely to make the fund complex, provided it is a secondary feature and within UCITS rules. The fund's base currency is USD."
    }
}