{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The iShares Asia Pacific Dividend UCITS ETF aims to track the Dow Jones Asia/Pacific Select Dividend 50 Index by holding the underlying equity securities. The Key Investor Information Document (KIID) explicitly states that the Share Class is passively managed and aims to invest in the equity securities that make up the Index. This indicates a physical replication strategy. The fund also mentions engaging in short-term secured lending for income generation, which is a common and generally acceptable practice for UCITS ETFs and does not inherently make it complex. There is no mention of derivatives being integral to the investment strategy or synthetic replication. The underlying index (Dow Jones Asia/Pacific Select Dividend 50 Index) is described as measuring the performance of 50 leading stocks by dividend yield, which is a straightforward equity index. The risk and reward profile indicates concentration risk and market risk, which are typical for equity ETFs and do not point to structural complexity. The KIID also confirms that the fund is a UCITS ETF, which benefits from a presumption of non-complexity under MiFID II. Therefore, based on the information provided, the ETF is classified as non-complex."
    }
}