{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The iShares UK Dividend UCITS ETF aims to replicate the FTSE UK Dividend+ Index. The ETF uses physical replication, holding the equity securities of the index in similar proportions. It may use financial derivative instruments (FDIs) for direct investment purposes. However, based on the provided Key Investor Information (KID) document, derivatives are used only to achieve the fundu2019s investment objective, not as an integral part of the strategy. The ETF is designed for medium to long-term investment and distributes income quarterly. The fund's structure and risks (market volatility, tracking error) are straightforward. The fund does not use leverage or embed derivatives that would automatically trigger a complex classification. The index is weighted according to dividend yield with a cap of 5% on individual companies. The ETF's structure, risk profile, and objectives are easily understandable by retail investors with basic knowledge. The KID document indicates a risk rating of six, which reflects market volatility but doesn't necessarily indicate structural complexity. The fund intends to replicate the Index by holding the equity securities, which make up the Index, in similar proportions to it. No significant leverage is mentioned, nor are there complex features. The fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. The information, therefore, points to a non-complex classification."
    }
}