{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Index Screening Criteria",
            "Fundamentally Weighted Index",
            "Securities Lending"
        ],
        "classification": "non-complex",
        "supporting_data": "This is a UCITS ETF that seeks to track the WisdomTree Europe Equity UCITS Index, which is fundamentally weighted. The ETF employs physical replication and may engage in securities lending for efficient portfolio management. While the index uses revenue exposure and a composite risk score (CRS) for screening, which may require some understanding, the ETF is not synthetic, doesn't use significant leverage, and has a transparent objective.  The fact that it uses a rules-based index, even with the CRS screening, is not automatically complex. Securities lending is a feature that introduces counterparty risk but isn't inherently complex as long as it's well-managed. The ETF's structure and risks are considered understandable for retail investors with basic knowledge. While ESMA notes that any derivative use may trigger complexity, the data suggests the ETF only uses them for managing risk rather than as an inherent element of the strategy. Therefore, it does not fall under the definition of a complex asset.",
        "complex": false
    }
}