{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF tracks an index that filters for ESG criteria and climate transition requirements. This could involve index rebalancing, which might introduce some complexity if not fully understood by retail investors. Limited use of derivatives for efficient portfolio management (EPM) could be in use, but the primary replication is Direct.",
        "classification": "non-complex",
        "supporting_data": "The Amundi MSCI UK IMI SRI PAB UCITS ETF DR is generally non-complex due to its structure as a UCITS ETF with a direct replication method. It primarily invests in UK equities, uses a transparent index (MSCI UK IMI SRI Filtered PAB Index), and any derivative use is limited to efficient portfolio management. The KID states that the fund is designed for investors with basic knowledge. However, the ESG focus introduces some complexity. Although the replication is direct, the index rebalancing due to climate change and ESG criteria (the index aims to represent a strategy that reweights securities based upon opportunities and risks associated with climate transition) could be a factor. The use of direct replication and focus on a transparent index suggest a non-complex classification. The KID confirms the ETF uses direct replication, and any derivative use is restricted to EPM which is unlikely to make it complex in and of itself."
    }
}