{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and uses physical replication to track the Solactive Lloyd Growth Equity Index. Derivatives are not mentioned as being integral to the investment strategy. The ETF tracks an equity index of publicly listed companies with growth characteristics, no complex indices involved. No leverage is used. Securities lending activity is not mentioned. The KIID provides key investor information about the fund, so investors can understand the nature and the risks of investing in this fund. It invests in securities in proportion to the weightings comprising the Index. Its index rules are clearly defined and readily accessible. The ongoing charges are not excessive.",
        "complex": false,
        "non-complex": true,
        "explanation": "This ETF is classified as non-complex because it is UCITS compliant, uses physical replication, and does not rely on derivatives as an inherent element of its investment strategy. The ETF tracks a well-defined equity index, which makes it easier for a client to understand how the ETF performs."
    }
}