{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "Potential concentration risk, Securities lending",
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and uses physical replication. Derivatives are not integral to achieving its investment objective. Securities lending is used, but it is well-managed within UCITS rules and does not dominate the risk profile. The index tracked is a well-documented equity index, which supports non-complexity.  The presence of securities lending introduces counterparty risk but it is within UCITS regulation"
    }
}