{
    "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 ETF aims to reflect the performance of the DAX ESG Screened Index, which is a well-established equity index. The investment policy states the fund will replicate the index by buying all or a substantial number of the securities in the index. It also mentions entering into financial contracts to reduce currency fluctuations, which is considered efficient portfolio management and does not inherently make the ETF complex. The description of the index's weighting and rebalancing is transparent. The risk profile indicates a strong fluctuation in share price, but this is due to market risk rather than structural complexity. Securities lending is mentioned as a possibility for additional income, but this is a common practice for UCITS ETFs and, when managed within UCITS rules, does not typically lead to a complex classification. The provided KID does not mention any embedded derivatives, leverage beyond UCITS limits, or other features that would suggest complexity. The CESR guidelines classify UCITS as automatically non-complex. Therefore, based on the information provided, the ETF is considered non-complex."
    }
}