{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "This UCITS ETF, Xtrackers World Small Cap Green Tech Innovators UCITS ETF, is presumed non-complex as it operates under UCITS regulations. The document states that the fund is actively managed with the objective of positive mid- to long-term investment performance through global equities. It uses physical replication. Derivatives may be used for risk management, cost reduction, and improved results (EPM), and the risks should be straightforward to retail investors. Based on the document provided, there is no use of swaps, structured products, or leverage, which supports a non-complex classification. The ETF falls under the first indent of Article 25(4) of MiFID II and therefore can benefit from the execution-only exemption."
    }
}