{
    "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 u00a3 Index-Linked Gilts UCITS ETF GBP (Dist) Share Class is a UCITS ETF that aims to track the Bloomberg Barclays UK Government Inflation-Linked Bond Index. The ETF primarily invests in UK government inflation-linked bonds using physical replication. The Key Investor Information Document (KIID) does not mention the use of derivatives or any complex replication methods. The investment objective is straightforward (track an index). Risks are standard for bond ETFs, such as credit risk and market volatility, not complex mechanisms. Securities lending is a possibility but the KIID indicates that the securities lending revenue sharing does not increase the costs of running the Fund, which implies there is no increase in complexity. Since it follows a standard index and uses a simple replication method the ETF is assessed as non-complex under MiFID II. The assessment follows the MiFID II rules and the criteria set out in the ESMA guidelines."
    }
}