{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "leverage": false,
        "complex_factors": [
            "ESG Screening Complexity",
            "Index Methodology Complexity"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is a UCITS ETF, which provides a baseline presumption of non-complexity. It aims to track the Solactive Equileap Global Gender Equality Net Total Return Index using direct replication, primarily investing in the securities comprising the index. A sampling replication strategy may be used for optimization, which is generally considered straightforward. The KIID states that the risk level mainly reflects market risk arising from international equity markets, with no mention of embedded derivatives, leverage, or other complex financial instruments. The objective is to track an ESG-focused index, but the index's ESG screening and methodology, while potentially complex in itself, do not inherently make the ETF a complex financial instrument under MiFID II rules. The ETF's structure and investment policy are transparent and understandable for a retail investor with basic financial knowledge. Securities lending is mentioned as a potential optimization technique, but it's generally considered a secondary feature that doesn't automatically trigger complexity if managed within UCITS rules and with proper collateral. Therefore, based on the provided information, the ETF is classified as non-complex."
    }
}