{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "The ETF tracks an index that is composed of securities selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria, which might introduce complexity. The index itself is also rebalanced.",
        "classification": "non-complex",
        "supporting_data": "The ETF described is a UCITS ETF. It seeks to replicate the performance of the Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) Index. The KID states full or optimized replication. The strategy involves investing in debt securities. The index methodology involves ESG criteria and exclusions based on fossil fuel exposure. Securities lending is not mentioned so counterparty risk from that activity is not a factor. The KID indicates an investment in bonds so MiFID II allows it to be assumed as non-complex. The ETF is an index tracker employing physical replication. The fact that it is an ESG ETF does not automatically make it complex. However, the index itself involves exclusion and rebalancing which might introduce some complexity but should not drive the asset classification to complex if the ETF itself is not using any derivatives or leverage to enhance returns. The KIID mentions a maximum tracking error of 1%."
    }
}