{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "ESG Index construction can introduce complexity.",
            "Use of Financial Derivative Instruments (FDIs) for direct investment purposes and efficient portfolio management.",
            "Securities lending introduces counterparty risk"
        ],
        "classification": "complex",
        "supporting_data": "The ETF is UCITS-compliant. The ETF aims to track the MSCI World Climate Paris Aligned Benchmark Select Index, which focuses on reducing climate risk and aligning with the Paris Agreement. The fund may use financial derivative instruments (FDIs) for direct investment and efficient portfolio management. The underlying index methodology and ESG screening introduce some complexity. The fund engages in securities lending, which, though managed, introduces counterparty risk. The utilization of derivatives for direct investment purposes is a factor in the classification of this ETF as complex"
    }
}