{
    "success": true,
    "data": {
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "ESG screening methodology for index construction"
        ],
        "classification": "non-complex",
        "supporting_data": "The OSSIAM STOXXu00ae Europe 600 ESG Equal Weight NR UCITS ETF aims to replicate the performance of the STOXXu00ae Europe 600 ESG Equal Weight Index. The KIID states that the fund primarily invests through physical replication in equity securities. It also mentions that derivatives may be used on an ancillary basis for hedging and investment purposes as described in the prospectus, but this is not stated as integral to the investment objective. The index methodology involves ESG screening and equal weighting, which are standard for passive index tracking. The risk and reward profile is ranked 6 out of 7, indicating market risk rather than structural complexity. Based on the principles of MiFID II and related guidance, a UCITS ETF that primarily uses physical replication and tracks a transparent index is generally considered non-complex. While the ESG screening adds a layer of methodology to the index, it does not inherently make the ETF's structure or payoff complex for a retail investor. The limited use of derivatives for ancillary purposes, as described, is unlikely to trigger a complex classification given the presumption for UCITS and the focus on physical replication. Therefore, the ETF is classified as non-complex."
    }
}