{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "Proportionate exposure through derivatives or a combination of direct investment and derivatives.",
            "Fund may hold securities not part of the index, at discretion of portfolio manager."
        ],
        "classification": "non-complex",
        "supporting_data": "The fund is passively managed and tracks the Bloomberg MSCI Euro Area Liquid Corporates Sustainable Index (Total Return).  It invests at least 90% of its net assets in securities comprising the index. The fund may use derivatives to achieve proportionate exposure, but this is not central to the strategy.  The fund does not engage in securities lending or leverage. The index provider applies ESG ratings, and the fund eliminates the least well-rated securities of the index, therefore aiming for a higher ESG rating than a standard index-tracking fund.  The fund's structure and risks (market volatility, tracking error) seem straightforward and easily understandable for retail investors with basic knowledge, meeting the non-complex criteria.  The mention of a 'stratified approach' for index exposure isn't a complex factor but rather a portfolio management technique used to manage potential exposure to the index constituents.  Although the fund *may* use derivatives for index tracking, the text explicitly states that the use is *not* for achieving the objective of the fund but rather for index exposure management, eliminating any indication of a derivative-based strategy.  The lack of securities lending and leverage further supports a non-complex classification.  The overall risk profile is rated as moderate (4/7 on the KID scale), reflecting market volatility rather than structural complexity.  No mention of embedded derivatives, capital protection, or any indication of contingent bonds or swaps usage."
    }
}