{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "SRI/PAB Index Methodology",
            "ESG Considerations"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF tracks the MSCI Pacific ex Japan SRI Filtered PAB Index. While the index has ESG and Paris-aligned benchmark (PAB) criteria, which can add complexity to the index construction, the ETF itself uses direct replication by investing in the underlying securities. The KID states it's a UCITS ETF, which is generally presumed non-complex. The use of derivatives is limited to managing inflows/outflows and potentially for better exposition to index constituents, which falls under efficient portfolio management and does not make the ETF complex. Securities lending is mentioned for income generation but is a secondary feature and managed within UCITS rules. The risks highlighted (liquidity, counterparty, operational, emerging markets) are standard market risks and do not indicate structural complexity. The ETF's objective, structure, and risks are generally understandable to a retail investor with basic financial knowledge, as it's a physical replication of an equity index."
    }
}