{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF tracks an index of gold mining companies. The KID discloses a risk rating of 7/7 which is high, suggesting a high level of market volatility, but is not indicative of structural complexity. The underlying index, the Global Gold Miners Index, is likely to be straightforward and transparent. The fund uses physical replication, meaning it holds the actual stocks in the index, further supporting a non-complex classification.",
        "classification": "non-complex",
        "supporting_data": "This ETF, L&G Gold Mining UCITS ETF, is likely non-complex under MiFID II. It uses physical replication and tracks the Global Gold Miners Index. There is no mention of leverage or derivatives use. The risk profile is high (7/7), but this relates to market risk, not structural complexity. The fund is a UCITS, and the underlying index is transparent."
    }
}