{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "ESG Screening",
            "Carbon Emission Reduction Rule"
        ],
        "classification": "non-complex",
        "supporting_data": "The fund aims to track the MSCI Japan Select Screened Index using physical replication, buying a substantial number of securities in the index. It may use derivatives for efficient portfolio management (EPM), specifically to minimize foreign currency fluctuations at the share class level, which is a common and generally accepted use for EPM. The index methodology includes ESG screening criteria and a carbon emission reduction rule, which while adding layers to the index construction, do not inherently make the ETF's structure complex for a retail investor to understand. The risk profile is rated 6 out of 7, indicating high volatility and potential for significant gains or losses, but this risk is described as market risk rather than structural complexity. The fund does not appear to embed derivatives in a way that would complicate its structure or payoff for the average retail investor. Securities lending is mentioned as a secondary feature, with revenue sharing that does not increase fund costs. Overall, the ETF's structure, replication method, and primary objective align with the characteristics of a non-complex financial instrument under MiFID II."
    }
}