{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "No use of derivatives as an integral part of investment strategy.",
            "Physical replication, tracking a transparent index.",
            "No securities lending, leverage, or capital protection features."
        ],
        "classification": "non-complex",
        "supporting_data": "The fund, UBS (Irl) ETF plc - MSCI ACWI Climate Paris Aligned UCITS ETF, is passively managed and seeks to track the MSCI ACWI Climate Paris Aligned Index (Net Return).  It states it will seek to hold the majority of the securities of the index, with the approximate weightings as in the index, thus a near mirror image of the index's components.  Crucially, the fund explicitly states it 'may' use derivative instruments for reducing risk, costs, and generating additional capital, *but* the use of derivatives is not central to the fund's investment strategy, as they 'may' be used only for efficient portfolio management.  There are no features that make the fund's structure, risks, or payoff difficult for retail investors with basic knowledge to understand.  No securities lending or leverage is employed, and no capital protection features are present. The fact that the fund tracks a transparent index further supports the non-complex classification.  The fund's classification as 'Lower risk' on its Risk and Reward profile further supports this non-complex designation."
    }
}