{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The ETF aims to replicate the FTSE China 50 Index using physical replication, holding the underlying equity securities. This is generally considered a non-complex strategy. The ETF is a UCITS product, which generally carries a presumption of being non-complex. The document does not indicate the use of derivatives for investment objectives, nor does it mention any complex structures or embedded derivatives. Securities lending is mentioned as a secondary income source, which is a common practice for ETFs and, when managed within UCITS rules with collateral, does not typically render an ETF complex. The risks mentioned, such as market volatility and currency risk, are standard for equity investments and do not point to structural complexity. The index itself is described as tracking the largest and most liquid companies in the Chinese equity market, which is a transparent benchmark. Therefore, based on the provided information and the MiFID II framework, the ETF is classified as non-complex."
    }
}