{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The Invesco MSCI Europe Ex UK Universal Screened UCITS ETF is a UCITS compliant ETF that aims to track the performance of the MSCI Europe Ex UK Universal Select Business Screens Index. The Key Investor Information Document (KIID) states that the fund may use derivative instruments for the purposes of managing risk, reducing costs or generating additional capital or income. The fund primarily uses physical replication. The KIID states that the fund does not use leverage. Given this and because the fund invests in a well-documented equity index and uses physical replication, it's reasonable to classify it as non-complex. There's no indication of any complex strategies like synthetic replication or significant derivative usage beyond EPM, which supports a non-complex classification according to MiFID II guidelines. The risk category of 6 (out of 7) is based on the price movement of the fund but is not a determining factor on complexity as set out in the MiFID rules."
    }
}