{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The ETF aims to replicate the FTSE 100 Index by holding the equity securities that make up the index. This is a physical replication method, which is generally considered non-complex. The fund is a UCITS ETF, which is presumed non-complex. The Key Investor Information Document (KIID) does not indicate any use of derivatives for investment objectives, only for potential short-term secured lending to generate income. The index itself (FTSE 100) is a well-established and transparent equity index comprising the 100 largest UK companies. There are no mentions of leverage, embedded derivatives, or complex underlying assets. The risk rating of six is due to market risk, not structural complexity. The KIID explicitly states the ETF is passively managed and aims to invest in equity securities. The document also mentions that to the extent the Fund undertakes securities lending, a portion of the revenue is received by BlackRock as the securities lending agent, which is a secondary income-generating activity and does not inherently make the ETF complex."
    }
}