{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "This is a UCITS ETF that seeks to track the Nasdaq US Small Mid Cap Rising Dividend Achievers TM Index. It primarily invests in equity securities included in the index and attempts to replicate the index by holding the securities in similar proportions. The ETF may also invest in depository receipts, money market instruments, and short-term instruments. Derivatives are not mentioned as an integral part of the investment strategy, rather efficient portfolio management, suggesting derivatives may be used for managing inflows/outflows. It uses physical replication, which involves holding the underlying securities of the index. The Risk and Reward Profile indicates the Fund is ranked at 7 reflecting market volatility, not structural complexity. The KIID lists operational expenses. Based on this information, the ETF is classified as non-complex.",
        "justification": "The ETF is a UCITS ETF with a physical replication method and derivatives are not an integral part of the strategy. Therefore, the ETF is classified as non-complex."
    }
}