{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "ESG scoring methodology",
            "Index methodology complexity"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF tracks the S&P Euro ESG High Yield Dividend Aristocrats Net Total Return Index, which involves specific fundamental criteria, ESG scoring, and exclusions based on business activities and the UN Global Compact. While the index methodology has ESG components, the core strategy is direct replication of an equity index, which is generally considered non-complex. The ETF invests primarily in securities comprising the index or uses a sampling replication strategy, both of which are standard for physical replication. The documentation does not indicate the use of derivatives as an integral part of the investment objective, nor does it mention leverage, embedded derivatives, or other complex structures. The risks mentioned, such as counterparty risk and operational risk, are standard for any financial product and do not automatically render the ETF complex. The ESG rating methodology, while detailed, is part of the index construction and does not introduce structural complexity to the ETF itself that would be difficult for a retail investor to understand in the context of tracking an index. The 'Risk and Reward Profile' indicates market risk as the primary driver, not structural complexity. Therefore, based on the provided information, the ETF is classified as non-complex."
    }
}