{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Derivatives for Efficient Portfolio Management",
            "ESG Screening Risk",
            "Index Tracking Risk"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and seeks to track the S&P Euro High Yield Dividend Aristocrats Screened Index using a replication strategy, holding securities included in the index. It is using derivatives for efficient portfolio management (EPM). However, there is Index Tracking Risk, Screening risk and Concentration risk due to increased diversification limits. Given it is UCITS compliant, it is presumed to be non-complex. The use of derivatives is limited to EPM which does not make the product inherently complex and it's replication strategy will be close to the index performance. As the ESG data may be inconsistent, inaccurate or lack availability the investor understanding may be impeded leading to complexity but the primary driver behind these assets is performance not the underlying assets."
    }
}