{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "ESG Scoring and Screening Methodology",
            "Investment in Emerging Market Bonds",
            "Concentrated Investment Risk"
        ],
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant and employs physical replication, generally suggesting non-complexity. However, it invests in CNY-denominated bonds of Chinese issuers, exposing it to emerging market risk and potential political, social, and economic instability. Additionally, the fund's investment policy includes an ESG scoring and screening methodology, introducing a layer of complexity in understanding the index construction and tracking. The investment risk is concentrated in specific sectors, countries, and currencies. While derivatives can be used, they appear to be for efficient portfolio management rather than as a core component of the investment strategy. Although UCITS funds are generally presumed non-complex, this fund's features like emerging market exposure, ESG integration, and concentrated risk factors make it likely complex, requiring investors to possess more than basic knowledge to fully understand the risks and potential impact on returns.",
        "complex": true,
        "non-complex": false
    }
}