{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "ESG Index with Issuer Cap",
            "sampling strategy using quantitative analytical models in a technique known as 'portfolio optimization'"
        ],
        "classification": "non-complex",
        "supporting_data": "The fund is a UCITS ETF and uses a sampling strategy of physical replication. Derivatives are not mentioned as integral to achieving its investment objective. However, the index it tracks has some complexity due to the Socially Responsible (SRI) and Low Carbon Select criteria, as well as the 5% Issuer Capped Index methodology. There is an additional complexity due to portfolio optimization, though this is not enough to automatically render the instrument complex. Securities lending is not used. The index is well-defined, and the ETF's main risks are related to equity market volatility, but the additional layer of complexity caused by ESG indexing requires additional investor consideration.This ETF has been assessed as non-complex due to its UCITS status, replication method and limited derivative use. It promotes environmental and/or social characteristics but does not have a sustainable investment objective."
    }
}