{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Securities lending"
        ],
        "classification": "non-complex",
        "supporting_data": "This is a UCITS ETF that seeks to track the WisdomTree Emerging Markets ex -State -Owned Enterprises ESG Screened Index using a passive management approach. The fund invests in a representative sample of the index's component securities and may also hold shares or other securities that produce a similar investment return or invest in collective investment schemes. The ETF may enter into repurchase/reverse repurchase agreements and stock lending arrangements solely for efficient portfolio management. The index is rule-based and comprises companies from emerging market nations selected based on government ownership and ESG criteria. As derivatives aren't integral to the strategy, and replication is physical, the ETF is classified as Non-Complex. However Securities lending introduces counterparty risk, but doesn't automatically make an ETF complex. The ETF's KID risk rating is 6/7 which reflects market volatility, not structural complexity."
    }
}