{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Index focused on infrastructure sectors.",
            "Securities lending may be used"
        ],
        "classification": "non-complex",
        "supporting_data": "The iShares Global Infrastructure UCITS ETF (IE00B1FZS467) is a UCITS ETF.  The ETF aims to achieve a return on your investment that reflects the return of the FTSE Global Core Infrastructure Index. The ETF uses physical replication, holding the equity securities that make up the Index.  The KID states derivatives may be used for direct investment purposes. Securities lending is also used to reduce costs. The structure and objective is clear, aiming to track a transparent index. The underlying index tracks companies in the transportation, energy, and telecommunications sectors.  Based on the provided information and applying the MiFID II framework, the ETF appears non-complex. The use of derivatives is not stated as being integral to the strategy and securities lending is a secondary feature that does not significantly impact the risk profile. The replication method is primarily physical, making the structure transparent. Although the ETF invests in infrastructure companies, the index methodology is described as transparent and available which is good and there is no explicit use of leverage."
    }
}