{
    "success": true,
    "data": {
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "ESG Screening",
            "Complex Index Methodology"
        ],
        "classification": "non-complex",
        "supporting_data": "The Xtrackers MSCI EMU ESG UCITS ETF is a UCITS compliant ETF. It tracks the MSCI EMU Low Carbon SRI Selection Index using a physical replication method, which involves buying the underlying securities. The document states that physical replication is generally non-complex. The ETF's objective is to track an index, which is a standard and understandable strategy. While the ESG screening criteria and the specific rules for index selection (Low Carbon Transition Risk Assessment, High ESG Performance, Low Carbon Emissions) add a layer of complexity to the index's methodology, the ETF's structure and investment policy are transparent. The document also mentions that the fund may use derivatives for efficient portfolio management (managing risk, reducing costs, improving results), but this is stated as a possibility and not a core strategy. The primary method described is buying securities. The risk profile is rated 6 out of 7, indicating high volatility, but this is market risk and not structural complexity. The document explicitly states that 'The fund will attempt to replicate the performance of the index less costs, but your investment is not expected to match the performance of the index precisely.' There is no mention of embedded derivatives, leverage, or complex financial instruments as the core components of the ETF's strategy. Therefore, based on the provided information and MiFID II principles, the ETF is classified as non-complex."
    }
}