{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF tracks an ESG index and may use FDI for portfolio management introducing counterparty risk. The ESG screening process adds complexity and the lack of standardization in ESG methodologies can make it hard for retail investors to understand the exact risks. The use of derivatives (FDI) for replicating index returns introduces counterparty risk. Reference to 'additional diversified portfolio of international equities' and the use of FDI implies the need for an investor to understand these elements, which adds to the complexity.",
        "classification": "complex",
        "supporting_data": "The Amundi STOXX Europe 600 Energy ESG Screened UCITS ETF Acc uses physical replication, so it's designed to hold the same securities as the index, which makes it generally transparent. However, the KID explicitly states the use of FDI (Financial Derivative Instruments), the prospectus details the ESG screening which, in itself may increase the complexity. The KID highlights 'Risk of Financial Derivative Instruments: the Sub-Fund invest in financial derivative instruments. These financial derivative instruments can induce different types of risks such as (but not limited to) leverage risk, high volatility risk, valuation risk or liquidity risk.' The underlying index is constructed and managed with a specific ESG methodology, which may be opaque, potentially impacting an investor's understanding. The use of FDI introduces counterparty risk, especially the risk linked to ESG methodologies."
    }
}