{
    "success": true,
    "data": {
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "None",
        "classification": "non-complex",
        "supporting_data": "The asset is classified as non-complex based on the MiFID II framework. It is a UCITS ETF, which establishes a baseline presumption of non-complexity. The fund employs physical replication through a sampling technique, directly holding the underlying US Treasury bonds, which is a transparent and straightforward method. The KIID does not mention the use of derivatives, swaps, or leverage as part of its core investment strategy. The underlying assets, US Treasury bonds, are considered non-complex instruments. Although securities lending is permitted and introduces counterparty risk, it is a secondary activity managed under strict UCITS regulations and does not in itself render the ETF complex. The high risk rating of 6/7 reflects market risk (specifically, high sensitivity to interest rate changes due to the long duration of the bonds) rather than structural complexity. The ETF's structure and risk profile are easily understandable for a retail investor with basic knowledge.",
        "assessment_result": "Non-Complex"
    }
}