{
    "success": true,
    "response": "```json{  'leverage': false,  'derivates': false,  'swaps': false,  'inverse': false,  'replication_method': 'physical',  'ucits': true,  'type': 'ETF',  'complex_factors': [],  'classification': 'non-complex',  'supporting_data': 'The asset is a UCITS ETF, which benefits from a presumption of non-complexity due to its strict regulatory requirements. The fund explicitly states it uses physical replication by seeking to hold all the shares of its benchmark index in the same proportions, making its structure transparent and straightforward. While the Key Investor Information Document mentions the fund 'may use derivatives which can reduce investor risks or give rise to market risks as well as potential loss due to failure of counterparty', this indicates their use for efficient portfolio management (EPM) or risk management, not as an inherent or integral element of its core strategy for index replication. Per the provided rules, if derivatives are used for managing risk rather than as an inherent element of the strategy, the 'derivates' field is set to false, and this type of use typically supports a non-complex classification, especially as no explicit swap usage for replication or contingent bonds are identified. The fund also explicitly states it will not engage in securities lending, which removes a potential source of counterparty risk. The underlying index, MSCI USA Universal Low Carbon Select 5% Issuer Capped Index, is well-defined by MSCI, and its ESG and capping methodology, while specific, is transparent and does not involve complex effects like roll costs or contango. There is no indication of significant leverage or an inverse strategy. The high-risk category (6/7) is attributed to market volatility inherent in equity investments, not structural complexity.'}```",
    "note": "Response was not in expected JSON format"
}