{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "Not Applicable"
        ],
        "classification": "non-complex",
        "supporting_data": "The VanEck Quantum Computing UCITS ETF seeks to replicate the MarketVectoru2122 Global Quantum Leaders Index by investing directly in the underlying equity securities (stocks, ADRs, GDRs). This is a physical replication strategy, which is generally considered non-complex under MiFID II.  Derivatives are mentioned in the document as potentially being used for efficient portfolio management (EPM), but not as a central or integral part of the investment strategy.  The ETF's objective is clear and its underlying index is publicly available, further supporting a non-complex classification.  There are no mentions of leverage, contingent convertible bonds, or other complex structures. The low risk rating of 5/7 on the KID, while indicating potential volatility, does not automatically translate into structural complexity.  While the fund has stated that it may invest in ancillary liquid assets and money market instruments, there is no mention of use for a leveraged strategy or complex investment structure that would affect the average retail investors' ease of understanding."
    }
}