{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "leverage": false,
        "inverse": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The UCITS ETF tracks the STOXX Europe 600 ESG+ Index using direct replication, which involves holding underlying securities. The objective is to track the index with minimal tracking error. Derivatives may be used for efficient portfolio management (managing inflows/outflows and potential currency hedging, as mentioned in the general rules), but are not integral to the investment objective. Securities lending may occur for income generation, which is permitted for UCITS. The ETF is managed passively and aims to track an equity index composed of leading European securities that meet ESG criteria. The index itself is based on a widely recognized benchmark. The information provided in the KIID does not indicate any use of complex derivatives, leverage, or exotic underlying assets that would make it difficult for a retail investor with basic knowledge to understand. The structure is straightforward: invest in European equities that adhere to ESG standards. According to MiFID II Article 19(6) and CESR guidelines, UCITS are generally presumed non-complex, and physical replication of a transparent index aligns with this. The fact that the ETF promotes ESG characteristics does not inherently make it complex."
    }
}