{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The UBS Climate Aware Global Developed Equity CTB UCITS ETF is classified as non-complex. It seeks to track the Solactive UBS Climate Aware Global Developed Equity CTB Net Total Return Index which is a developed markets equity index. The KID mentions the Fund will seek to hold the majority of the securities of the Index, with the approximate weightings as in the Index, so that essentially, the portfolio of the Fund will be a near mirror-image of the components of the Index implying physical replication. Derivatives may be used to reduce risk, reduce costs, or generate additional capital. This is consistent with efficient portfolio management (EPM) and doesn't make the ETF complex. It invests in equities which inherently have volatility, but this risk alone doesn't drive the complex classification. There are no elements identified in the provided KID suggesting leverage, embedded derivatives, or complex index methodologies (e.g., using swaps or complex debt). Furthermore, the objective (tracking a climate aware developed equity index) is relatively straightforward. The ETF does not engage in securities lending. The fund's structure and risks appear comprehensible to retail investors with basic knowledge."
    }
}