{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The index methodology incorporates ESG criteria and selects high-dividend yielding companies, introducing complexity related to index construction and ESG scoring.",
        "classification": "non-complex",
        "supporting_data": "The ETF tracks the S&P Developed ESG Elite Dividend Aristocrats Index (Net Return). The index methodology involves screening for companies that meet sustainability criteria and have a history of increasing or maintaining dividends. The fund invests at least 90% of its total net assets in securities that are constituents of the Index and the index provider applies ESG Ratings. This index construction method introduces some complexity, particularly concerning the ESG scoring and the dividend yield focus. The fund uses physical replication by holding securities in the same proportions as the index, which is generally a non-complex approach. The use of derivatives is mentioned for EPM (reducing risk, reducing costs or generating additional capital or income) but does not appear central to the investment strategy. The KID indicates a risk category of 6 (very high volatility). ESMA guidelines and MiFID II rules stress that high volatility does not automatically make the fund complex; the complexity arises from the structure and underlying risks of the fund's investments or strategy."
    }
}