{
    "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 L&G S&P 100 Equal Weight UCITS ETF (IE000YELA4E3) is classified as non-complex under MiFID II. The ETF aims to track the S&P 100 Equal Weight Index, which is a transparent index of large-cap US companies, each with equal weighting. The fund primarily uses physical replication, investing directly in the index's securities. There are no mentions of leverage, and the KID indicates a risk rating of 6/7, which reflects market volatility but not structural complexity. The ETF does state it may use Financial Derivative Instruments for which the definition can be found under the Risk and Reward section. However, it appears derivatives will not be central to the strategy and for this reason 'derivatives' = false.  Based on the provided information and the MiFID II guidelines, the ETF's structure and risks are considered straightforward for retail investors with basic knowledge. The index transparency and physical replication further support the non-complex classification. Securities lending is not mentioned. Therefore, based on the data, it is unlikely that the fund is considered complex."
    }
}