{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The ETF aims to track the MSCI UK IMI Country ESG Leaders 5% Issuer Capped Index using physical replication. The investment policy states that the ETF aims to invest in equity securities that make up the index. While it mentions the possibility of using financial derivative instruments (FDIs) for 'optimising techniques' or 'direct investment purposes,' the primary method described is physical replication. The index methodology itself, focusing on ESG ratings and sector coverage, is complex to understand fully, but the ETF's structure of holding underlying securities is generally considered non-complex. The use of 'optimising techniques' and FDIs is vague and not described as integral to the strategy, suggesting they are for efficient portfolio management rather than core replication. There's no mention of leverage, embedded derivatives, or other complex features. Securities lending is mentioned as a secondary income source, which is generally permissible for UCITS and does not automatically trigger complexity. The risk profile (rated six) is due to market risks, not structural complexity. Therefore, based on the information provided, the ETF is presumed non-complex."
    }
}