{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "No significant leverage or embedded derivatives identified.",
            "ETF tracks a publicly available index (Bloomberg Artificial Intelligence Select Index).",
            "Replication method is primarily physical, with potential for using depository receipts and money market instruments for index constituents."
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF, IE000YIQZ0H6, is a UCITS ETF that seeks to replicate the Bloomberg Artificial Intelligence Select Index. The fund is passively managed and employs physical replication.  While it may invest in depository receipts and money market instruments when direct investment in an index constituent is not possible, this is a secondary aspect of the fund. The absence of leverage, derivatives specifically for trading or complex payoff structures, and the transparent nature of the underlying index strongly suggest a non-complex classification. The fund's risk profile is rated as 6, but this is based on historical data and may not predict future performance.  A lack of one-off fees, ongoing charges of 0.65% and no performance fees further support the conclusion.  The lack of any derivatives embedded in its structure is also significant. The information available aligns with the key criteria for non-complexity as outlined in the provided MiFID II framework, indicating no structure or risk that would be difficult for retail investors to understand."
    }
}