{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "leverage": false,
        "inverse": false,
        "complex_factors": [
            "Complex Index"
        ],
        "classification": "non-complex",
        "supporting_data": "The UCITS ETF tracks the STOXX Global Automation & Robotics Index. The index methodology focuses on companies deriving significant revenues from the automation and robotics industry, requiring at least 50% of annual revenues from these sectors. The inclusion criteria for companies are based on revenue filters, market capitalization, and trading volume, as well as domicile in eligible countries. The index also excludes companies involved in certain business lines as outlined in the prospectus. While the index itself is thematic and can be considered complex due to its sector-specific and revenue-based selection criteria, the ETF's replication method is primarily physical, meaning it holds the underlying equity securities. The KIID explicitly states that the fund aims to invest in equity securities that make up the index. There is no mention of derivatives being integral to the strategy, nor any indication of synthetic replication. Securities lending is mentioned as a cost reduction measure, with revenue sharing detailed, but this is presented as a secondary activity and not a primary driver of risk or complexity. The ETF is rated 7 on the risk indicator, which is attributed to the nature of its investments, including concentration in specific sectors and countries, and market volatility of equities, rather than structural complexity. The ETF is a UCITS, which provides a baseline presumption of non-complexity. The description focuses on holding underlying shares of companies in a specific sector. The complexity of the index itself does not automatically render the ETF complex if the replication method is straightforward and the risks are primarily market-related. Given the physical replication and the absence of embedded derivatives or other complex structural features as described in MiFID II guidelines, the ETF is classified as non-complex."
    }
}