{
    "success": true,
    "data": {
        "type": "ETF",
        "ucits": true,
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The Fund aims to track the Bloomberg Barclays Euro Government Bond 1-3 Year Term Index, which consists of Euro-denominated government bonds with a remaining maturity of 1 to 3 years and investment-grade credit ratings. The KIID states that the Fund is passively managed and aims to invest in fixed income securities that make up the Index. While the KIID mentions the use of financial derivative instruments (FDIs) for 'optimising techniques' to achieve similar returns to the Index, it is qualified by 'so far as possible and practicable' and 'may include'. The primary investment strategy is to hold underlying securities. Given the nature of the underlying assets (Euro government bonds), the index's focus on maturity and credit quality, and the presumption that any derivative use is for efficient portfolio management rather than integral to the strategy, the ETF is considered non-complex. The risk profile of the fund (rated 2 out of 7) also aligns with this assessment, indicating lower risk due to the nature of government bonds. The use of securities lending for additional income does not automatically make the ETF complex, as it's a secondary feature and managed within UCITS rules. There's no mention of embedded derivatives, significant leverage, or complex underlying instruments that would make it difficult for a retail investor to understand."
    }
}