{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Hedged Currency Exposure",
            "Fundamentally Weighted Index",
            "Revenue Exposure Criteria",
            "Composite Risk Score (CRS)"
        ],
        "classification": "complex",
        "supporting_data": "This ETF is UCITS compliant and uses physical replication. However, the index it tracks is fundamentally weighted, uses a composite risk score, and is hedged against currency fluctuations (Japanese Yen vs. Euro) through forward exchange contracts. The revenue exposure criteria and CRS add complexity. Even though derivatives are used for hedging, they contribute to the complexity classification because they are integral to achieving the investment objective of neutralising currency fluctuations. The index construction has complex rules based around revenue exposure, dividend payments, and a composite risk score.",
        "complex": true,
        "non-complex": false
    }
}