{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Use of derivatives for efficient portfolio management and investment purposes",
            "Total return swaps (up to 10%)",
            "Contracts for difference (up to 10%)",
            "Securities Lending (up to 30%)"
        ],
        "classification": "complex",
        "supporting_data": "This UCITS ETF primarily uses physical replication to track the MSCI USA Climate Paris Aligned Index, which supports a non-complex classification. However, the ETF uses derivatives for both efficient portfolio management (EPM) and investment purposes (Total return swaps and Contracts for difference). It also engages in securities lending. According to ESMA guidelines, any use of derivatives, especially for other than minimal EPM, can lead to a complex classification due to counterparty and collateral risks. The use of total return swaps further complicates the structure and introduces counterparty risk, moving the classification toward complex. Securities lending also contributes to complexity due to counterparty risk even though it's a common practice. Given the presence of swaps and derivative use for investment purposes, this asset is classified as complex.",
        "explanation": "Due to the use of total return swaps and contracts for difference, this ETF is classified as complex."
    }
}