{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "None identified in the provided KIID.  The ETF replicates an index, which is not inherently complex, but the description does not reveal any derivative use beyond passive portfolio management.  The ETF's focus is on a very specific AI infrastructure theme, this does not suggest intrinsic complexity, but there may be other factors driving a complex classification"
        ],
        "classification": "non-complex",
        "supporting_data": "The iShares AI Infrastructure UCITS ETF tracks the STOXX Global AI Infrastructure Index, which is screened for ESG factors and adjusted equally weighted annually. It uses physical replication, holding equity securities that constitute the index.  The KIID explicitly mentions possible derivative use for managing risk (e.g., short-term secured lending).  This use does *not* seem integral to the investment strategy or indicative of a complex structure. The ETF's objectives and investment policy are straightforward, and the associated risks are readily understandable for a retail investor with basic knowledge.   No mentions of contingent bonds, swaps, significant leverage, or other complex structures or indices were noted. The KIID clearly mentions the ETF is suitable for a medium- to long-term investment horizon, without any qualifications regarding complexity."
    }
}