{
    "success": true,
    "data": {
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "None",
        "classification": "non-complex",
        "supporting_data": "The asset is classified as non-complex based on the MiFID II framework. It is a UCITS compliant ETF, which establishes a presumption of non-complexity. The replication method is physical, meaning the fund directly holds the underlying securities of the index, which is a straightforward and transparent structure. The KIID states that derivatives may be used for efficient portfolio management purposes (EPM) such as 'reducing risk, reducing costs of generating additional capital or income', not as an integral part of achieving the investment objective. The fund does not engage in securities lending, does not use leverage, and does not use swaps. Although the risk rating is high (6/7), this reflects the market volatility of the underlying equities and not structural complexity. The index, while having a specific climate-focused methodology, is based on standard large and mid-cap equities and is not considered structurally complex. The absence of a comprehension alert in the KIID further supports the non-complex classification.",
        "assessment": "Non-Complex"
    }
}