{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "Based on the provided Key Investor Information Document (KIID) for the iShares US Equity Enhanced Active UCITS ETF, this ETF is likely non-complex under MiFID II. The ETF aims to achieve long-term capital growth by investing in equity securities of US companies. The KIID states that derivatives are used, but only for investment purposes and to reduce risk within the Fundu2019s portfolio, reduce investment costs, and generate additional income, which is EPM (efficient portfolio management), therefore the asset does not automatically become complex, as per the provided MiFID II guidelines. Synthetic replication (using derivatives to replicate index performance) is not used. The fund is actively managed, and the investment manager takes into consideration the MSCI USA Index for portfolio construction and risk management purposes, and therefore the asset is not a complex index. The risks are standard market risks such as market volatility and not derived from complex structures. The asset is a UCITS and therefore benefits from the presumption of non-complexity, and the structure and risks are straightforward for retail investors to understand. No significant leverage or complex features are present that would classify the fund as complex. The asset does securities lending, this is permitted under UCITS and does not dominate the risk profile."
    }
}