{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The fund is a UCITS ETF, which is generally presumed non-complex. It aims to reflect the performance of the MSCI Europe Consumer Staples Screened 20-35 Select Index through physical replication ('buying all or a substantial number of the securities in the index'). The KID does not indicate the use of derivatives for investment purposes, only for managing risk, reducing costs, or improving results, which is generally considered acceptable for non-complex instruments when limited and with minimal impact. Securities lending is mentioned, but the revenue sharing structure is clearly defined and it does not appear to be a primary or complex feature. The index has ESG screening and a carbon emission reduction rule, and weight caps, which add layers to the index methodology but do not inherently make the ETF itself complex in its structure or replication. The risk profile (category 6) indicates market volatility, not structural complexity. The ongoing charges are low. The fund aims to track a transparent index. There is no mention of embedded derivatives, leverage beyond temporary borrowing permitted for UCITS, or other complex features that would override the baseline UCITS presumption. Therefore, it aligns with the criteria for a non-complex instrument."
    }
}