{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "No derivative use for replicating the index.",
            "Index is transparent (S&P 500 ESG ELITE)."
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is passively managed and seeks to track the S&P 500 ESG ELITE Index (Net Return).  The fund uses physical replication to track the index, meaning it holds the underlying securities of the index.  There is no mention of derivatives being used, except for the possibility of holding securities not in the index in exceptional circumstances.  The ETF does not engage in securities lending, thereby mitigating counterparty risk. The low ongoing charges (0.15%) suggest a relatively straightforward structure. The lack of leverage, embedded derivatives, or other opaque features, combined with the transparent nature of the benchmark index, strongly suggest a non-complex classification under MiFID II. The Fund's risk category is high (6), but this reflects market volatility, not structural complexity."
    }
}