{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant, and aims to replicate the performance of the Indxx Global Advanced Aerospace & Defence Index by holding the equity securities in similar proportions. The ETF uses physical replication. Derivatives are not mentioned in the documentation. There are no references to any kind of structured mechanism. The risk rating is high (7/7) on the KID risk scale which reflects market volatility but does not necessarily make the ETF complex. ",
        "complex": false,
        "non-complex": true,
        "explaination": "This ETF is UCITS compliant, employs physical replication, and any use of derivatives is not central to its investment strategy; thus, it is non-complex."
    }
}