{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "ESG screening, Fixed Income, Defined Term, Currency Fluctuation"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF aims to track a fixed income index (Bloomberg MSCI December 2025 Maturity USD Corporate ESG Screened Index). The investment policy is to invest in fixed income securities that make up the index. The index composition is investment grade, fixed rate, US Dollar denominated corporate bonds with specific maturity dates. The fund is passively managed.  While the fund has ESG screening and currency considerations, the underlying assets are standard fixed income securities.  The 'defined term' nature of the fund and the potential for currency fluctuations are noted as risks, but these do not inherently make the structure complex under MiFID II. The use of 'optimising techniques' is mentioned but is standard for index tracking and does not imply complex derivative strategies. Securities lending is mentioned, but it's a secondary activity for income generation and not central to the strategy or complexity.  No derivatives are mentioned as being integral to the investment objective. The explanation of the risk and reward profile and particular risks does not highlight structural complexity but rather market and credit risks associated with bonds. Based on the information provided, the ETF tracks a straightforward index of corporate bonds and does not appear to employ complex financial instruments or structures that would render it complex under MiFID II regulations."
    }
}