{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "The ETF tracks an ESG-screened index, which introduces a level of complexity and requires the understanding of ESG criteria. It also uses derivatives for efficient portfolio management (EPM) although this is limited, it has also has a carbon emission reduction rule. The fund also engages in securities lending which introduces counterparty risk.",
        "classification": "non-complex",
        "supporting_data": "The Xtrackers MSCI Pacific ex Japan Screened UCITS ETF primarily uses physical replication to track its index. While it employs derivatives for EPM (efficient portfolio management), their use is expected to have minimal impact on the risk-return profile and is not central to the strategy. The fund's objective is to reflect the performance of a transparent index, and its structure and risks are designed to be understandable by retail investors with basic knowledge. Securities lending, though present, is a secondary feature managed within UCITS rules and doesn't dominate the risk profile. Based on this the fund is considered non complex for MiFID II purposes. Even though the index is ESG-screened the ETF's structure and main replication method are easily understood by retail investors."
    }
}